Mantle Network
MNT
Ethereum-based modular Layer 2 network
Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.09% | 3.26% | 6.07% | 14.99% | 44.79% | 18.85% |
Comparison
Fundraising not disclosed
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Token not listed
Details
This content is generated by RD AI and is for reference only
Mantle Network is an Ethereum-based layer-2 scaling network that adopts a modular architecture, leveraging OP Stack and EigenDA for low-cost data availability, and using Succinct SP1 zkVM to generate zero-knowledge proofs for settling transactions back to the Ethereum mainnet. It provides an execution environment equivalent to the Ethereum Virtual Machine (EVM), allowing developers to directly deploy existing smart contracts. MNT is also used for network governance and staking to secure the network and participate in ecosystem decisions.
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Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
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About Mantle Network
Mantle Network, a modular Ethereum Layer-2, has evolved from a treasury-backed experiment into a top-tier chain. Its mainnet launched in July 2023, and within a year it became the fourth-largest L2 by TVL, a milestone reflecting sustained user trust and liquidity growth. A key long-term development was the introduction of mETH in December 2023, a liquid staking protocol that quickly became the fourth-largest LSD on Ethereum, followed by cmETH for restaking, deepening its DeFi ecosystem. In April 2025, Mantle partnered with Securitize to launch the MI4 tokenized index fund, backed by $400 million from its treasury, marking a significant step into institutional-grade on-chain finance. By mid-2025, Mantle's stablecoin supply reached a record $713.8 million, and its ETH and derivative holdings exceeded 100,000 coins, underscoring robust financial infrastructure. The network also migrated to a ZK-validium architecture using Succinct's SP1 zkVM in September 2025, reducing withdrawal windows from seven days to six hours—a technical upgrade with lasting impact on user experience and scalability. These milestones highlight Mantle's trajectory from a novel modular design to a comprehensive platform for DeFi, institutional products, and scalable blockchain solutions.
Positive:
RWA ecosystem expansion: RWA TVL grew from ~$22M to $257M in a year, with 700+ tokenized assets.
Mantle Vault expands to DeFi: Partnering with Grove, CIAN, and Fluxion, users can deposit USDC/USDT0 to earn sUSDS yield and Fluxion points, plus GROVE incentives.
Stablecoin infrastructure strengthened: Joined Global Dollar Network, natively integrated Paxos USDG, with stablecoin TVL reaching $982M.
Cross-chain security upgrade: Super Portal migrated from LayerZero to Chainlink CCIP, bringing institutional-grade security to MNT cross-chain transfers.
Negative: No major material negatives.