Quick Facts
– Mantle (MNT) is a Layer-2 network based on Ethereum that uses a modular architecture to achieve both high throughput and security.
– MNT tokens play multiple roles in the Mantle ecosystem, including handling fees, governance, staking rewards, and ecological incentives.
– As of May 2025, the MNT price is about $0.75, the 24-hour trading volume is about $213 M, the market value is about $2.54 B, and the historical highest price is $1.54 (April 2024).
– The Mantle ecosystem has gathered 250+ dApps, covering decentralized exchanges, lending, NFT, AI-DeFi, with a TVL of more than $1 B and active developers.
– Recent collaborations include EigenLayer (EigenDA), Succinct (ZK proof integration), Chainlink Oracles, and the MNT × XT Carnival Trading Event.
In the rapidly evolving Ethereum expansion plan, Mantle (MNT) stands out with its modular design, integrating innovative data availability, bridging and zero-knowledge technologies into the network, aiming to become the first choice for DeFi, NFT and the next generation of dApps. MNT tokens serve as the core of handling fees, governance, staking rewards and ecological incentives, driving the sustainable development of the entire ecosystem. This article will give you an in-depth understanding of the mechanism, application and future prospects of Mantle and MNT.
Table of contents
Mantle Ecosystem dApp and Core Applications
How to participate and get MNT
Mantle’s competitive landscape
MNT Token Overview
Mantles native token MNT will be launched in July 2023, replacing BitDAOs BIT token. As of May 9, 2025, the main market data is as follows:
MNT currently ranks among the top L2 tokens in terms of market capitalization and is actively traded on major exchanges in MNT/USDT and other trading pairs. Recent events (such as the MNT × XT Carnival ) have further increased trading volume and user participation through zero-fee transactions and rich prizes, consolidating MNTs liquidity advantage. 
XT.COM MNT/USDT spot trading pair
Mantle (MNT) Token Economics
The token economic design of MNT emphasizes a fixed total amount and a balanced distribution between the circulating supply and the ecological treasury:
– Total supply: 6.219 B MNT
– Circulation: about 3.36 B MNT (≈ 51%)
– Treasury reserves: about 49% (≈ 3.17 B MNT), managed by Mantle DAO
Image Credit: Mantle Docs
Mantle Treasury and Ecosystem Fund
– Mantle Treasury (≈$4 B value) is used to fund ecological relief, liquidity mining, RD and cooperation incentives, including the establishment of a dedicated $200 M EcoFund.
– MNT has no continuous inflation and the total supply is fixed; in the future, if the community decides, potential deflation mechanisms can be achieved through fee destruction and other methods.
Image Credit: Mantle EcoFund
Core applications of MNT
1. Fee Tokens: All transactions on Mantle L2 (including contract calls and asset transfers) are paid in MNT tokens . The more the network is used, the greater the demand for MNT.
2. Governance tokens: MNT holders can vote on proposals such as protocol upgrades and treasury expenditures through Mantle DAO (off-chain voting based on Snapshot). 1 token is equivalent to 1 vote.
3. Staking and Rewards: Lock up MNT in the Rewards Station to obtain MNT Power and participate in various ecological reward pools, such as receiving project tokens such as $EIGEN, $ENA, and $UXLINK.
4. Ecosystem Incentives: MNT is also used for liquidity mining, contract mortgages, and joint incentive programs with partner projects to promote the prosperity and development of various dApps and protocols within the ecosystem.
Image Credit: Mantle Governance and Voting
Mantle Ecosystem dApp and Core Applications
As of May 2025, the Mantle network has gathered 250+ dApps, covering DeFi, NFT, games and emerging AI-DeFi fields:
Decentralized Exchange (DEX)
Several EVM-compatible DEXs provide low-fee and deep liquidity trading services.
Lending and Financing
This includes cross-margin platforms such as Omega Protocol, as well as the institutional-oriented Clearpool market.
Yield Aggregator
Protocols such as Merchant Moe and Treehouse Finance provide users with strategy-optimized yield farming and asset portfolio analysis tools.
Stablecoin Ecosystem
Natively supports Agora’s AUSD, Ondo’s USDY, and the soon-to-be-launched Wrapped BTC (FBTC) on Mantle, achieving cross-chain liquidity interoperability.
NFT Market
Mantle has its own NFT platform, where users can mint and trade digital collectibles at low cost.
Liquid pledge
The Mantle LSD protocol issues mETH, allowing users to participate in DeFi applications while obtaining ETH staking income.
AI-enhanced dApps
– Funny Money: Autonomous AI trading agent deployed on Mantle liquidity pools.
– INIT Agent / INFINIT Terminal: A natural language-based interface that helps users manage DeFi holdings and automatically execute strategies.
The development of the Mantle ecosystem has also benefited from multiple hackathons (such as APAC Hackathon), community incentives (Yapper rankings), and cross-chain activities such as Ecogalaxy: Mantle Surge in cooperation with Bybit.
Image Credit: Mantle dApps
How to participate and get MNT tokens
Centralized Exchanges (CEX)
Trade MNT/USDT and other pairs on mainstream platforms such as Binance, Coinbase, XT.COM , etc.; pay attention to zero-fee events such as the MNT × XT Carnival .
Official Bridge (Mantle Bridge)
Transfer ETH or ERC‑20 assets from Ethereum L1 to Mantle L2 through the bridge interface and exchange them for MNT.
Rewards Station Staking
– Lock up MNT to get “MNT Power”, which can be used to participate in ecological airdrops and reward pools.
– Allocate MNT Power to different reward pools and receive project tokens such as $EIGEN, $ENA, and $UXLINK.
Image Credit: Mantle Missions
Liquidity Mining
Provide liquidity on Mantles DEX or yield aggregator and get MNT and other protocol token rewards.
DAO Proposals and Voting
Stake or delegate MNT to participate in governance and vote for ecosystem funding and upgrade proposals.
Image Credit: Mantle Delegate Voting Power
Mantle’s competitive landscape
Mantle competes with Ethereum Layer-2 solutions such as Optimism , Arbitrum , zkSync Era , and Base. Its unique modular design—separating the execution layer, data availability layer, and settlement layer—combined with EigenDA data availability and the upcoming SP 1 ZK proof to achieve 1-hour withdrawals, makes it stand out among similar projects.
Key benefits:
– Modular architecture: Execution, data availability and settlement layers, flexible and scalable, with throughput up to approximately 15 MB/s.
– Ethereum Security: Optimistic Rollup validity is anchored to Ethereum L1, inheriting top-level network security.
– Data Availability: The first L2 to adopt EigenLayer EigenDA, significantly reducing costs and censorship risks.
– Cross-chain interoperability: Bidirectional bridging, Bungee integration, and Chain Abstraction (ChA) roadmap for seamless cross-chain user experience.
Competitive challenges: Mantle still needs to face the ultra-fast withdrawal advantages provided by ZK native Rollup (such as zkSync Era), as well as the huge ecosystem such as Base that is deeply integrated with Coinbase.
Risks and precautions
– Optimistic withdrawal delay: Standard withdrawal time is about 7 days - this cannot be accelerated unless ZK proofs are enabled on the mainnet.
– Centralization of block producers: Currently, Mantle is only responsible for block production by a single sequencer, and the decentralization plan is still being planned and promoted.
– Market volatility: MNT prices are susceptible to overall crypto market trends; despite a 14.8% monthly gain, there has been a recent pullback of around 4%.
– Governance risk: The large treasury controlled by the DAO may lead to slow decision-making processes or community disagreements.
– Smart contract risks: dApps within the ecosystem may still have common DeFi security vulnerabilities. Auditors and users are advised to operate with caution and conduct risk assessments.
Mantle (MNT) Future Outlook
With EigenDA officially launched, SP 1 ZK proof entering the testing phase, and the continued growth in the number of dApps and user activity, Mantle is expected to achieve strong development in the second half of 2025. Key roadmaps include:
– ZK Finality Mainnet Deployment: Launch of SP 1 system to enable near-instant cross-chain withdrawal experience.
– Sequencer decentralization: Explore permissionless or multi-sequencer models to improve network censorship resistance and reliability.
– Mantle Banking: Launch of CeFi-DeFi hybrid financial products (fiat currency channels, payment cards, compliant lending, etc.).
– Layer-3 support: Release the application-oriented Rollup SDK and quickly build a dedicated Layer-3 based on the Mantle modular framework.
– Ecosystem expansion: Continue to hold hackathons and various ecological funding projects, and deepen cross-chain cooperation with TON, Boba, etc.
MNT has a fixed supply, a strong treasury, and community governance, which will lay a solid foundation for long-term incentives and technological innovation.
FAQ
Q1: What is the current MNT price?
A1: As of May 9, 2025, the MNT price is approximately $0.75 USD, and the 24-hour trading volume is approximately $213M.
Q2: How does MNT/USDT trading work?
A 2: MNT/USDT is the main liquidity trading pair and is commonly found in most centralized exchanges; zero-fee activities such as the MNT × XT Carnival can reduce transaction costs.
Q3: Can I stake MNT to get rewards?
A 3: Yes, you can lock your MNT to Mantle Rewards Station to obtain ecological project token airdrops and governance voting rights.
Q4: What is Mantle’s governance model?
A 4: Mantle DAO conducts off-chain voting through Snapshot. Each MNT represents 1 vote, which is used for voting on proposals such as protocol upgrades and treasury expenditures.
Q 5: When will Mantle be able to achieve quick withdrawals?
A 5: It is planned to deploy SP 1 ZK proof on the mainnet in the second half of 2025, and the withdrawal time will be shortened to about 1 hour.
Q 6: Where can I get more information about Mantle (MNT)?
– Official website: mantle.xyz
– Development documentation: docs.mantle.xyz
– Rewards Station: rewards.mantle.xyz
– Governance Forum: forum.mantle.xyz
Conclusion
Mantle (MNT) is unique among Ethereum Layer-2 solutions with its modular architecture, strong treasury support, and active community governance. As a multi-functional token for handling fees, governance, and ecological incentives, the MNT token not only drives network growth, but also aligns the interests of all parties. At this stage, Mantle has achieved a TVL of more than $1 B, with more than 250 active dApps in the ecosystem, and has established strategic cooperation with a series of industry leaders such as EigenLayer, Succinct, and Chainlink. In the future, with the launch of features such as ZK fast withdrawal, Sequencer decentralization, and Mantle Banking, Mantle will further enhance scalability, security, and user experience. In this liquidity chain revolution, both MNT holders and developers have a lot to do and are worth looking forward to.
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