Key Takeaways:
- Mantle Network is the largest ZK rollup by total value locked (TVL), becoming home to over $2 billion worth of assets.
- The upgrade using OP Succinct technology provides the ability to finalize transactions in less than one hour and have a six-hour withdrawal period.
- Mantle positions itself as a leading Ethereum Layer 2 and catalyzed a 15% price surge for its MNT token.
Table of Contents
A New Leader in ZK Scaling
Mantle Network has officially concluded its long-expected shift away from an optimistic rollup to become the largest ZK rollup in the space, a shift that measurably enhances both its security and performance.
With the implementation of Succinct’s technology, Mantle now generates cryptographic validity proofs for its state transitions and avoids relying on the long fraud-proof challenge period associated with optimistic rollups. So far, this upgrade enables users to experience institutional-grade fast finality, reducing withdrawal times to just six hours and one-hour finality, while standard Layer 2 (L2s) typically require seven-day exits.
The Potential of OP Succinct
The upgrade was executed using OP Succinct technology, a solution on top of the Succinct Processor 1 Zero-Knowledge Virtual Machine (SP1 zkVM) that enables OP Stack rollups like Mantle to become a ZK rollup while maintaining customizability and equivalence to Ethereum. This technical milestone means Mantle will continue to provide users with the unique functionality of features such as its custom gas token and EigenDA for data availability, while leveraging more efficient and secure methods through zero-knowledge proofs. The cost of proving transactions is remarkably low, at approximately $0.002 each.
Read also: Solana Alpenglow Upgrade: 150ms Finality Could Make It Faster Than Stock Exchanges
The Largest ZK Rollup & Its Implications for the Ecosystem
This milestone serves as a powerful proof point for the whole Ethereum scaling ecosystem. It shows that large, established rollups can move to ZK technology successfully; a move that Vitalik Buterin, the co-founder of Ethereum, has insisted is a crucial endgame for L2 chains on many occasions. Mantle’s upgrade, which drove their MNT token to a new all-time high (ATH), has now made them a formidable “Liquidity Chain” focused on decentralized finance (DeFi) and real-world asset (RWA) adoption.
The ZK Era Is Upon Us
Mantle, now the largest ZK rollup in the space, is indicative of a maturing ecosystem where scalability and security are no longer mutually exclusive features. Mantle has achieved this formidable upgrade with no disruption to its existing users or applications, signaling a new benchmark for what a modern and high-performance Layer 2 can be.
Final Thought: If the largest rollups are now able to transfer their transactions to ZK, is this the beginning of the end for optimistic rollups?
FAQs
What is a zero-knowledge (ZK) rollup?
A ZK rollup is a Layer 2 (L2) scaling protocol that batches transactions off-chain and submits a secure cryptographic validity proof to the main Ethereum chain, maintaining security while allowing more efficient and faster withdrawals.
What is OP Succinct?
OP Succinct is a technology that allows networks built on the Optimism (OP) Stack to become ZK rollups for finality, which means they can generate zero-knowledge proofs without losing their custom features.
Why is fast finality important?
Fast finality means transactions are confirmed and irreversible much quicker, reducing risk and improving capital efficiency for users, especially for institutions and decentralized finance (DeFi) protocols.
For more blockchain upgrades, read: VeChain Hayabusa Upgrade: DPoS Shift and Tokenomiks Audit Set for December
