Mantle Network
Category: AI Infrastructure
Mantle Network is an EVM-compatible Layer 2 scaling solution for Ethereum, utilizing optimistic rollups to enhance transaction speed and efficiency. Mantle Network was founded in 2021. The company is led by Arjun Kalsy (Head of Ecosystem — DAO-governed, no traditional CEO). Based in Panama City, Panama. Team size: Not specified. Total funding raised: $200 million. Latest round: Not specified. Key investors include BitDAO, Peter Thiel, Pantera Capital.
- Founded
- 2021
- Headquarters
- Panama City, Panama
- Team size
- Not specified
- Total funding
- $200 million
Value proposition
Modular Ethereum L2 with ZK validity proofs, EigenDA integration, and a full-stack on-chain financial ecosystem bridging TradFi and DeFi
Products and solutions
Mantle Network (L2 with ZK validity proofs), mETH Protocol (liquid staking), Function/fBTC (Bitcoin yield), Mantle Index Four, UR (smart money app), MantleX (AI division), InsightX (AI prediction market)
Unique value
Utilizes optimistic rollups with multi-party computation (MPC) to reduce the challenge period for transaction validation, enhancing security and efficiency
Target customer
Developers and users seeking faster and cheaper transactions on the Ethereum network
Industries served
Blockchain, Cryptocurrency
Technology advantage
EVM compatibility allows seamless integration with existing Ethereum applications, while MPC nodes improve validation speed
How they differentiate
Mantle's use of MPC nodes to enhance validation speed and its modular architecture set it apart
Main competitors
Optimism, Arbitrum, Polygon (formerly Matic Network)
Key partnerships
EigenLayer/EigenDA, LayerZero, Pyth, Biconomy, Ethena USDe, Ondo USDY, Agora AUSD, Aave, Bybit, Mirana Ventures, Polychain, Dragonfly, xStocks
Notable customers
Aave, Ethena, Ondo Finance, Bybit, xStocks, Anchorage Digital
Major milestones
Mainnet launched July 2023, EigenDA integration (first L2 adopter), ZK Validity Rollup transition completed, MantleX AI division launched Feb 2025, InsightX AI prediction market launched June 2026, UR smart money app launched July 2025, $200M EcoFund with Polychain, Dragonfly
Growth metrics
Over 8,000 daily transactions and more than 4,000 addresses on its mainnet
Market positioning
Positioned as a leading contender in the Ethereum Layer 2 landscape with robust financial backing
Geographic focus
Global, with a focus on the Ethereum ecosystem
Patents and IP
Not specified
About Arjun Kalsy (Head of Ecosystem — DAO-governed, no traditional CEO)
Arjun Kalsy is a key figure at Mantle Network, leading ecosystem development. While not holding the title of CEO in a traditional corporate structure, his role is central to the network's growth and strategy. Mantle, as a decentralized autonomous organization (DAO), operates with a distributed leadership model. Arjun's experience is deeply rooted in the blockchain space, having previously served as the VP and Head of Growth for Polygon, where he was instrumental in building one of the industry's leading ecosystems. His expertise lies in scaling web3 projects, fostering developer communities, and driving the adoption of layer-2 technologies. He is a prominent spokesperson for Mantle, often representing the project at major industry events and in communications.
Official website: https://www.mantle.xyz