Manta Pacific batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense). Manta Pacific stores call data on Celestia’s modular data availability network.

Manta Pacific is an L2 smart contract platform for decentralized applications on Ethereum. Manta Pacific was founded by Manta Network and launched in 2023.

Manta Network team owns and governs the protocol. Manta Network's investors include Polychain Capital, Qiming Venture Partners, Binance Labs, etc.

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# Manta Revenue Methodology

## 1. Overview

Revenue is measured as the total value of transaction fees retained by the Manta network, specifically on the Manta Pacific platform. The economic value generated from user transactions is represented by this metric, which encompasses both Layer 2 execution fees and Layer 1 security fees. Revenue is utilized to assess the protocol's financial health and the overall demand for its blockspace. All transaction fees collected on the network are designated as protocol revenue.

## 2. Data sources

- **Blockchain events**: Transaction execution and gas metadata from Manta Pacific transactions, covering Manta Pacific
- **External data**: End-of-day price feeds for the native gas asset

## 3. Step-by-step calculation

### Component A: Layer 2 execution fee calculation

- **Purpose**: Calculate the execution fees paid on the Layer 2 network
- **Logic**: Gas used is multiplied by the effective gas price for each transaction. These values are extracted from transaction receipt metadata on Manta Pacific.
- **Key fields**: `gas_used` and `effective_gas_price`

### Component B: Layer 1 security fee calculation

- **Purpose**: Calculate the security fees paid to post data to Layer 1
- **Logic**: Layer 1 gas used, Layer 1 gas price, and the Layer 1 fee scalar are multiplied together and normalized by decimal precision to determine the Layer 1 fee amount for each transaction.
- **Key fields**: `l1_gas_used`, `l1_gas_price`, and `l1_fee_scalar`

### Component C: Fee aggregation and USD conversion

- **Purpose**: Combine fee components and convert the total to USD
- **Logic**: Layer 2 execution fees and Layer 1 security fees are summed to calculate total fees. These fees are aggregated daily, normalized by decimal precision, and multiplied by end-of-day asset prices for the native gas asset (WETH) to determine the final revenue in USD.
- **Key fields**: `fees` and `price_usd`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

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