Mantle (MNT) Price

$0.62

Mantle (MNT) Price Today

The live price of Mantle is $0.62 USD. In the past 24 hours, the trading volume of Mantle was $143.4M USD, with a change of +1.30%. The current live price of Mantle has changed by -8.10% from its 7-day high of $0.68 USD and by +2.38% from its 7-day low of $0.61 USD. With a circulating supply of $6,219,316,794.99 MNT, the market cap of Mantle is currently $2B USD, marking a +1.10% change in the last 24 hours. Mantle currently ranks 42 by market capitalization.

Mantle (MNT) Market Data

Market Cap

$2.1B

24h Volume

$143.4M

Circulating Supply

6.2B MNT

Maximum Supply

6.2B MNT

Fully Diluted Market Cap

$3.9B

Liquidity Indicator

6.79%

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About Mantle (MNT)

What Is Mantle (MNT) and How Does It Work?

Mantle (MNT) is a next-generation Layer 2 (L2) scaling solution for Ethereum, designed to offer faster transactions, lower fees, and high scalability without compromising security. It uses Optimistic Rollups combined with a modular architecture, which separates key blockchain functions, such as execution, consensus, and data availability, into distinct components that can be independently optimized.

At the core of Mantle is EigenDA, a decentralized data availability solution, allowing the network to handle large volumes of transactions more efficiently than many traditional L2s. The MNT token is used to pay for gas on the Mantle Network, participate in governance, and support ecosystem development through staking and rewards.

By combining Ethereum’s security with innovative modular design, Mantle enables developers to build decentralized applications (dApps) that are faster and cheaper to run, while still benefiting from Ethereum’s robust infrastructure.

What Is the History Behind Mantle and Its Rebranding From BitDAO?

Mantle (MNT) is an Ethereum Layer-2 (L2) scaling solution that emerged from the BitDAO ecosystem, aiming to enhance transaction efficiency and scalability on the Ethereum network. Mantle was initiated in June 2022 as a BitDAO-sponsored project. The protocol was co-founded by Jordi Alexander and Arjun Krishan Kalsy, who envisioned a modular solution to scale Ethereum's smart contract capabilities.

In May 2023, the BitDAO community approved a governance proposal (BIP-21) to rebrand BitDAO to Mantle. This decision aimed to unify the ecosystem under a single brand and token, enhancing clarity and cohesion. The rebranding involved converting all BIT tokens to MNT tokens on a 1:1 basis, consolidating the treasury and governance structures under Mantle.

Mantle Network's Key Milestones

• June 2022: Project proposed as a BitDAO-sponsored Layer-2 solution.

• January 2023: Mantle Network's Testnet went live.

• May 2023: Rebranding from BitDAO to Mantle approved via BIP-21.

• July 2023: Mantle Network's Mainnet Alpha launched.

• July 15, 2023: Mantle Network Bridge launched.

• August 29, 2023: Mantle Journey launched.

• September 8, 2023: Multi-sig feature launched.

• September 18, 2023: MigratorV2 launched, aligning with MIP-27.

• November 2023: Mantle Liquid Staking Protocol's (LSP) Alpha launched, enabling users to stake native ETH for mETH on Ethereum.

Mantle Roadmap Highlights

1. March 15, 2024: Mantle Network's Tectonic (V2) upgrade completed, introducing EIP-1559 support, removing Threshold Signature Scheme (TSS) nodes, and implementing a fixed-block schedule with a block generated every two seconds.

2. February 21, 2024: Published plans for a fair sequencer architecture using verifiable randomness functions.

3. Ongoing: Development of an interactive fraud-proof system, employing EVM-level instructions for compiling and verifying fraud proofs.

What Are the Main Use Cases of MNT Token?

The Mantle (MNT) token serves as the backbone of the Mantle Network, fulfilling multiple critical functions within its ecosystem.

1. Gas Fees: MNT is utilized to pay for transaction fees on the Mantle Network, enabling efficient and cost-effective operations for dApps and users.

2. Governance: Holding MNT grants users the ability to participate in the decentralized governance of the Mantle ecosystem, influencing decisions on protocol upgrades, treasury allocations, and strategic initiatives.

3. Staking and Network Security: MNT tokens can be staked to support network security and consensus mechanisms, with stakers potentially earning rewards for their contributions.

4. Ecosystem Incentives: MNT is employed to incentivize developers and users, fostering growth and engagement within the Mantle ecosystem.

You can trade MNT tokens on BingX's spot market by accessing the MNT/USDT trading pair. Simply log in to your BingX account, navigate to the MNT/USDT spot trading page, and execute your buy or sell orders with real-time market data and advanced trading tools.

What Is Mantle Tokenomics?

Mantle (MNT) serves as the native token of the Mantle Network, an Ethereum Layer 2 (L2) scaling solution. MNT functions as both a utility and governance token within the ecosystem. Mantle has a total supply of 6,219,316,795 MNT tokens.

MNT Token Distribution

1. Circulating Supply: Approximately 3.37 billion MNT (about 54% of total supply)

2. Mantle Treasury: Holds the remaining 46% of the total supply, allocated for ecosystem development and governed by the Mantle DAO.

The Mantle Treasury's 46% token allocation is managed through a decentralized governance process. Distributions from the treasury are determined by community proposals and votes, ensuring transparent and community-driven decision-making.

How to Stake MNT Tokens on Mantle Network

Staking your Mantle (MNT) tokens is an effective way to earn passive income while supporting the Mantle Network's security and governance.

The Mantle Rewards Station allows you to lock your MNT tokens to earn rewards and participate in ecosystem initiatives. Here's a comprehensive guide on how to stake MNT tokens:

1. Connect Your Wallet: Visit the Mantle Rewards Station and connect a compatible wallet (e.g., MetaMask).

2. Switch to Mantle Network: Ensure your wallet is set to the Mantle Network.

3. Lock MNT Tokens: Navigate to the "Lock MNT" tab, enter the amount of MNT you wish to lock, and confirm the transaction.

4. Allocate MNT Power (MP): After locking, allocate your MP to active reward pools to maximize potential returns.

Note: The longer the lock-in period, the higher the reward multiplier. You can adjust allocations anytime via the "Ongoing" tab.

How Does Mantle Differ From Other Layer-2 Blockchains?

Mantle stands out from other Layer-2 (L2) blockchains like Arbitrum, Optimism, and Base due to its modular architecture. Unlike traditional monolithic L2s that bundle execution, consensus, and data availability, Mantle separates these components to maximize efficiency and scalability. This modular approach allows Mantle to plug in best-in-class solutions for each layer. For example, it uses EigenDA, a decentralized data availability layer developed by EigenLayer, which enhances throughput while reducing costs. By decoupling these layers, Mantle can evolve and upgrade each part of the stack independently, making it more adaptable and future-proof than many of its L2 competitors.

Another key differentiator is Mantle’s strong emphasis on decentralized governance and treasury management. Originating from the BitDAO ecosystem, Mantle benefits from a massive treasury governed by the Mantle DAO, enabling it to fund development, incentivize ecosystem growth, and attract top-tier dApps. In contrast to some L2s that rely heavily on VC funding or centralized oversight, Mantle leverages community-driven decision-making through on-chain proposals and voting. This combination of modular technology and DAO-driven growth strategy gives Mantle a unique edge in building a sustainable, scalable, and community-aligned L2 infrastructure.

Which Wallets Support MNT Tokens?

Storing your Mantle (MNT) tokens securely is essential for managing your assets and participating in the Mantle ecosystem. BingX offers a convenient and secure platform for holding MNT tokens. By keeping your MNT within your BingX account, you can effortlessly trade, monitor market movements, and manage your portfolio without the need for external wallets. This integrated approach simplifies the trading experience, especially for users who prefer a centralized exchange environment.

For users who prefer self-custody, several wallets support Mantle (MNT) tokens, offering varying levels of security and functionality. Gem Wallet is a mobile wallet designed specifically for the Mantle Network, allowing secure storage and interaction with dApps. SafePal Wallet provides both hardware and software options, supporting MNT storage and DeFi integrations. For enhanced security, Ledger hardware wallets allow you to store MNT offline via the Ledger Live app. Other compatible wallets include MyEtherWallet, Atomic Wallet, and Klever Wallet. When selecting a wallet, consider your desired balance between convenience, security, and compatibility.

What Makes Mantle (MNT) a Good Investment?

Mantle (MNT) presents a compelling investment opportunity due to its innovative modular architecture, which sets it apart from other Ethereum Layer-2 solutions. By separating execution, consensus, and data availability layers, Mantle achieves greater scalability, flexibility, and cost efficiency. Its integration with EigenDA, a decentralized data availability layer, further enhances its ability to handle high-throughput applications while keeping transaction fees low. This technical edge makes Mantle an attractive platform for developers building high-performance dApps, giving it strong potential for long-term ecosystem growth.

Beyond its technological advantages, Mantle benefits from robust community governance and financial backing. Originating from BitDAO, Mantle controls one of the largest on-chain treasuries in the crypto market, enabling it to fund developer incentives, ecosystem grants, and strategic partnerships. The MNT token plays a central role in network governance, staking, and gas fees, aligning its value directly with network usage and community participation. As demand for scalable Ethereum solutions increases, Mantle’s combination of technical innovation, financial strength, and community-driven growth positions MNT as a promising asset for long-term investors.

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Mantle (MNT) Price Converter

MNT to USD

1 MNT = $ 0.62

MNT to VND

1 MNT = ₫ 16,377.70

MNT to EUR

1 MNT = € 0.54

MNT to TWD

1 MNT = NT$ 18.49

MNT to IDR

1 MNT = Rp 10,238.74

MNT to PLN

1 MNT = zł 2.32

MNT to UZS

1 MNT = so'm 8,001.17

MNT to JPY

1 MNT = ￥ 90.97

MNT to RUB

1 MNT = ₽ 49.41

MNT to TRY

1 MNT = ₺ 24.75

MNT to THB

1 MNT = ฿ 20.39

MNT to UAH

1 MNT = ₴ 26.12

MNT to SAR

1 MNT = ر.س 2.35

Mantle Price Converter

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Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.