The modular Ethereum layer-2 (L2) blockchain, Psychological Community, revealed the launch of its mainnet on the Ethereum Neighborhood Convention (EthCC) in Paris.
The announcement follows a big merger with BitDAO, the world’s largest DAO by treasury worth, making a unified DAO-led Web3 ecosystem often called the Psychological ecosystem. The merger, accepted by the profitable on-chain proposal BIP-21, noticed BitDAO’s ecosystem, merchandise, governance and BIT Tokenomics converge below a single model, Mantle.xyz.
Backed by one of many world’s largest on-chain treasuries, the mainnet unveiling follows a six-month testnet part following integration with BitDAO’s substantial treasury. The transfer launches the $200M EcoFund.
The modular structure of the Mantle community divides execution, information availability, consensus, and settlement into separate layers. By a collaboration with EigenLayer, an Ethereum restacking protocol, Mantle provides an optimistic roll-up design and a revolutionary information availability answer. Based on a press launch, these options enable Mantle to take care of the safety of Ethereum whereas offering enhanced efficiency at a considerably decrease value.
Jordi Alexander, Mantel’s strategic advisor, commented,
“As this rising area dazzles on the eve of ‘L2 Summer season’, the agility enabled by Mantle Community’s adaptive and iterative design will maintain it on the reducing fringe of the newest technological breakthroughs for years to return.”
Mantle’s mainnet alpha within the testnet part has dealt with over 14 million on-chain transactions, deployed over 140,000 sensible contracts from over 48,000 builders, and added over 690,000 distinctive pockets addresses.
Through the testnet part, Psychological Community demonstrated its capability to deal with high-frequency decentralized functions (DApps) similar to blockchain video games, social graph protocols, and superior DeFi protocols by internet hosting ecosystem companions similar to Game7, Hyperplay, EduDAO, ByBit, and EgenLayer .
The community additionally highlights the potential of token governance by connecting an ecosystem of companions, builders and innovators led by the world’s largest decentralized autonomous group (DAO).
Inheriting BitDAO’s substantial treasury, the Mantle ecosystem obtained roughly $300 million in USDC/USDT and roughly 270k ETH, bringing the overall BitDAO treasury worth to roughly $2.5 billion. Token holders are anticipated to manage the use and allocation of the treasury via psychological governance, increasing product traces and selling adoption.