Mantle Price

Mantle (MNT) is a modular blockchain platform that’s designed to improve the scalability and efficiency of Ethereum (ETH) transactions and act as a major liquidity hub for web3-based institutional finance. A core element of its platform, Mantle Network, is a Layer 2 optimistic rollup that dramatically improves the speed and cost efficiency of transacting within the Ethereum ecosystem. Additionally, Mantle incorporates a range of decentralized finance (DeFi) solutions aimed to position its project as a key institutional-grade crypto finance hub.

Key Takeaways:

• Mantle (MNT) is a scalable Layer 2 rollup platform, as well as a crypto finance ecosystem focused on institutional-grade DeFi applications.

• The platform's three main pillars are its rollup network, Mantle Network; a leading liquid staking and restaking protocol, mETH; and a Bitcoin-pegged omnichain crypto asset, FBTC, designed to power DeFi use cases for BTC funds.

• Mantle's native token, MNT, is used for governance, gas fee payments, collateral staking by validator nodes and treasury fund allocations for ecosystem growth.

What Is Mantle (MNT)?

Mantle (MNT) is a blockchain platform that encompasses a range of decentralized solutions designed for two primary goals — improving the efficiency of transacting within the broader Ethereum ecosystem, and creating a liquidity and finance hub for web3-based institutional finance use cases. At the platform's core is the Mantle Network — an Ethereum-linked Layer 2 (L2) rollup solution based on Optimism's OP Stack technology. The network features a modular design that separates its main layers — execution, consensus, settlement and data availability (DA) — into distinct components. This modularity allows Mantle to achieve unparalleled flexibility, scalability and cost efficiency.

Additionally, the Mantle ecosystem includes several decentralized apps (DApps) aimed at establishing Mantle as a premier DeFi hub, with a particular focus on institutional finance applications. These core DApps include mETH Protocol, a leading liquid staking and restaking solution, and the FBTC, an omnichain Bitcoin (BTC)-pegged asset designed to facilitate the use of BTC funds in DeFi protocols.

Mantle's origins stretch back to August 2021, when the BitDAO (BIT) decentralized platform was announced. Backed by a list of prominent institutional and individual investors, including Bybit, Polygon (POL), Pantera Capital and Peter Thiel, BitDAO immediately became one of the most high-profile web3 initiatives in the industry.

Mantle was among the earliest projects supported and incubated by BitDAO, which took Mantle under its wing in June 2022, with the L2 chain’s testnet launch announced in January 2023. July 2023 witnessed the official merger of BitDAO and Mantle, and the subsequent launch of the rollup’s mainnet.

The Pillars of Mantle

Mantle’s three key components — its L2 network, the mETH Protocol and FBTC — are defined as its pillars, with the project team's focus centered on these solutions. Mantle also has plans to introduce additional core products: Enhanced Index Fund, Mantle Banking and MantleX.

Mantle Network

Mantle Network, which powers all of the DApps and core solutions supported by Mantle’s platform, operates as an Ethereum virtual machine (EVM)–compatible optimistic rollup, allowing it to achieve much greater scalability and lower costs than that of the Ethereum Layer 1 (L1). Thanks to its modular design, Mantle also features a high degree of architectural flexibility.

Unlike monolithic blockchains, Mantle maintains its main layers as discrete solutions that can be upgraded or modified without affecting the entire stack. The data availability (DA) layer is handled directly by Mantle, while the consensus and settlement layers operate on Ethereum. The critical DA layer is based on MantleDA, a variation of the EigenDA technology.

mETH Protocol

mETH Protocol is Mantle's first and probably best-known DeFi solution. Launched in late 2023, mETH — known initially as Mantle LSP — is a liquid staking and restaking protocol. As of early February 2025, mETH is the fourth-largest liquid staking platform within the Ethereum ecosystem by total value locked (TVL). As of the time of this writing on Feb 13, 2025, mETH Protocol boasts a TVL of around $1.3 billion, making it one of the leading DApps in the liquid staking and restaking niches.

Ignition FBTC

FBTC is Mantle’s Bitcoin-pegged crypto asset and solution designed to help BTC holders utilize their funds within the DeFi ecosystem of multiple L1s and L2s, including Mantle, Ethereum, BNB Chain (BNB) and Arbitrum (ARB). While mETH Protocol is focused on the Ethereum domain, FBTC aims to support the massive army of BTC holders and leverage the industry’s largest stockpile of crypto assets — BTC funds held by crypto users — in web3 finance solutions.

Launched in July 2024, FBTC is a slightly newer initiative than mETH. Despite arriving on the market somewhat later than mETH protocol, it already boasts a similar TVL of around $1.3 billion.

Mantle (MNT) Tokenomics

Mantle’s native token, MNT, is a key element of its platform, with key functions involving governance, gas fee payments, asset collateralization for network nodes and ecosystem growth.

Understanding MNT’s Token Utility

Below are the four key functions of the Mantle token (MNT) within Mantle’s ecosystem.

• Gas fee payments. The MNT token is used to pay for gas on Mantle Network, similar to the way Ether (ETH) is used on Ethereum. Operations such as token transfers, swaps and smart contract–based interactions require MNT.

• Governance. MNT holders can vote on key decisions affecting the Mantle platform's rules, future direction and treasury fund spending.

• Collateral. Validators stake MNT as collateral to carry out their job of securing the network.

• Ecosystem growth. Mantle uses its treasury to fund developers, projects and initiatives that help expand its network. MNT holders vote on spending proposals, acting as key players in the project's ecosystem growth.

Distribution and Governance of MNT Tokens

Launched in July 2023, the MNT token has a total and maximum supply of 6,219,316,794. At the token generation event (TGE), MNT’s supply distribution was allocated to two primary sources — circulation (51%) and the Mantle Treasury (49%). The release of funds from the Treasury is controlled via the governance process, with each release voted on by token holders via the Mantle DAO.

Mantle Price History

When MNT was launched in July 2023, its initial trading price was around $0.50. It threaded slowly downward until October of that year, reaching its all-time low (ATL) of $0.308 in mid-October due to early market uncertainty and cautious investor sentiment.

Between mid-October 2023 and early April 2024, the MNT token went on a largely uninterrupted uptrend, culminating in an ATH of $1.54 on Apr 8, 2024, thanks to a boost in crypto investors' confidence, likely due to the platform's technical advantages and backing by a group of influential investors.

However, between April and November 2024, the token entered a period of significant correction. Profit taking by early token buyers and a decline in initial enthusiasm were likely the leading causes of the downtrend.

However, MNT rebounded strongly from these local lows, surging above $1 by early 2025. MNT's current price is $1.04 (as of Feb 13, 2025), having appreciated by around 100% in the year and a half since its launch. The token's current market cap stands at close to $3.5 billion. Continual ecosystem growth and an impressive group of institutional backers are the major factors that have contributed to the MNT token’s historical resilience in the market.

Where to Buy the MNT Token

As a relatively high-cap asset, currently ranked #41 by market cap, MNT is widely available on numerous centralized (CEX) and decentralized (DEX) exchange platforms.

Centralized Exchanges

You can buy MNT on several major CEXs, including Bybit, which offers the token on both its Spot and Derivatives market.

Decentralized Exchanges

MNT is also available on some DEXs, for those who prefer decentralized trading opportunities. These include Uniswap (UNI) v3, Symbiosis Finance (SIS) and Matcha.

The Future Trajectory of Mantle (MNT)

The Mantle project continues to innovate, with three additional pillars specified in its 2025 road map. One of these is 

• The Enhanced Index Fund, an institutional-grade fund, is made up of a basket of curated high-cap assets: BTC, ETH, USDT and SOL. 

• Mantle Banking is a web3-based, comprehensive on-chain banking platform that will offer opportunities in various crypto finance areas, including payments, lending and wealth management.

• MantleX is an AI-powered platform for deploying and managing AI agents for various blockchain-based tasks within the Mantle ecosystem, such as on-chain research, community engagement and more.

Mantle's active innovation is, in fact, one of the strengths of its platform, supporting its potential and the MNT token's market prospects.

Frequently Asked Questions

What’s the difference between Ethereum and Mantle?

As an L2 rollup, Mantle offers users an environment with lower fees and better scalability than those of Ethereum. Additionally, while Ethereum is simply a blockchain network, Mantle focuses on delivering more than just a scalable decentralized network. The project’s team regularly develops and introduces key applications that support DeFi activities, with the aim of turning the platform into a major institutional crypto finance hub.

How does Mantle’s modular design improve its efficiency?

Mantle's modularity allows each of its layers — execution, consensus, settlement and DA — to act as a self-contained unit. This has two main benefits over the monolithic designs used by most other chains. First, upgrades and improvements to one layer don't affect the operations of the other layers. Secondly, the modular design allows Mantle to choose the best individual sources to optimize each layer's performance. For instance, Mantle leverages Ethereum's well-regarded security for consensus, and EigenDA's innovative DA technology for its DA layer.

How does Mantle’s Treasury support the growth and sustainability of its ecosystem?

Mantle's growth is powered by continual innovation, as evidenced by the trio of new pillars envisioned for future release — Enhanced Index Fund, Mantle Banking and MantleX. The project's treasury also allocates funds to promising decentralized initiatives. 

Mantle governance decisions, including treasury allocations, are made through the Mantle DAO, where the community participates in votes alongside other key stakeholders as part of a structured governance process.