Manta Network experienced a mixed third quarter in 2024, with a stark drop in DeFi Total Value Locked (TVL), which fell 95% from a peak of $684 million in March to just $36 million. Nevertheless, the $MANTA token’s market cap remains resilient at $227 million, with a fully diluted valuation (FDV) of $592 million. While financial metrics struggled, Manta Pacific saw a surprising uptick in network activity, largely fueled by GameFi. In Q3, Manta Pacific’s daily transactions soared by 551.8% to 479,400, while daily active addresses rose 440.5% to 62,300. Notably, GameFi accounted for 97.4% of transactions, with top games
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