Calamari Network surges 53% following Manta announcements

Calamari Network, a protocol closely linked to Manta Network, reported double-digit growth following several partner announcements.

Calamari Network (KMA) holds a market capitalization of $26 million, a value derived by multiplying the token price with the circulating supply of KMA tokens, which currently stands at four billion tradable tokens.

With a 53.3% surge in the last 24 hours and a 78.8% increase in the last 7 days, KMA demonstrates superior performance compared to the global cryptocurrency market, which is experiencing a decline of 4.7%. Simultaneously, KMA is outperforming similar Zero Knowledge (ZK) cryptocurrencies, which show an increase of 6.9%.

Calamari Network is recognized as a plug-and-play privacy-preservation protocol for the entire defi stack on Kusama and, as a result, has a close link to Manta Network on Polkadot. As retweets made by the official X account indicated, two significant announcements on the Manta Network were likely to have a trickle-down effect on the Calamari Network.

Namely, the introduction of the new Binance Launchpool for MANTA and the unveiling of Manta Network as the modular Layer 2 solution for Zero-Knowledge (ZK) applications.