Key Points Overview
– Mantle (MNT) is an Ethereum-based Layer-2 network that adopts a modular architecture, achieving a balance between high throughput and security.
– The MNT token plays multiple roles in the Mantle ecosystem, including transaction fees, governance, staking rewards, and ecosystem incentives.
– As of May 2025, the MNT price is approximately $0.75, with a 24-hour trading volume of about $213 million and a market capitalization of around $2.54 billion, with an all-time high of $1.54 (April 2024).
– The Mantle ecosystem has gathered over 250 dApps, covering decentralized exchanges, lending, NFTs, AI-DeFi, with a TVL exceeding $1 billion 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 scaling solutions, Mantle (MNT) stands out with its modular design, integrating innovative data availability, bridging, and zero-knowledge technologies into the network, aiming to become the preferred "liquidity chain" for DeFi, NFTs, and next-generation dApps. The MNT token, as the core of transaction fees, governance, staking rewards, and ecosystem incentives, drives the continuous development of the entire ecosystem. This article will take you deeper into the mechanisms, applications, and future prospects of Mantle and MNT.
Table of Contents
Mantle Ecosystem dApps and Core Applications
How to Participate and Acquire MNT
Competitive Landscape of Mantle
Future Prospects of Mantle (MNT)
Overview of MNT Token
The native token of Mantle, MNT, was launched in July 2023, replacing BitDAO's BIT token. As of May 9, 2025, the main market data is as follows:
MNT currently ranks among the top in market capitalization among all L2 tokens and is actively traded on major exchanges with trading pairs like MNT/USDT. Recent activities (such as the MNT × XT Carnival) have further boosted trading volume and user engagement through zero-fee trading and rich prizes, solidifying MNT's liquidity advantage. 
XT.COM MNT/USDT Spot Trading Pair
Mantle (MNT) Token Economics
The tokenomics of MNT emphasizes a fixed total supply while maintaining a balanced distribution between circulating supply and ecosystem treasury:
– Total Supply: 6.219 billion MNT
– Circulating Supply: approximately 3.36 billion MNT (≈51%)
– Treasury Reserve: approximately 49% (≈3.17 billion MNT), managed by Mantle DAO
Image Credit: Mantle Docs
Mantle Treasury and Ecosystem Fund
– The Mantle treasury (valued at approximately $4 billion) is used to fund ecosystem relief, liquidity mining, research and development, and collaboration incentives, with a dedicated $200 million ecosystem fund (EcoFund).
– MNT has no ongoing inflation, and the total supply is fixed; in the future, if the community decides, a potential deflationary mechanism could be implemented through transaction fee burns.
Image Credit: Mantle EcoFund
Core Applications of MNT
Transaction Fee Token: All transactions on Mantle L2 (including contract calls and asset transfers) are paid with MNT tokens, leading to increased demand for MNT as network usage grows.
Governance Token: MNT holders can vote on proposals for protocol upgrades, treasury expenditures, etc., through Mantle DAO (off-chain voting based on Snapshot), with 1 token equating to 1 vote.
Staking and Rewards: Locking MNT in the Rewards Station allows users to earn "MNT Power" and participate in various ecosystem reward pools, such as receiving tokens from projects like $EIGEN, $ENA, $UXLINK, etc.
Ecosystem Incentives: MNT is also used for liquidity mining, contract collateral, and joint incentive programs with partner projects, promoting the prosperous development of various dApps and protocols within the ecosystem.
Image Credit: Mantle Governance and Voting
Mantle Ecosystem dApps and Core Applications
As of May 2025, the Mantle network has gathered over 250 dApps, covering DeFi, NFTs, gaming, and the emerging AI-DeFi sector:
Decentralized Exchanges (DEX)
Multiple EVM-compatible DEXs provide low-fee and deep liquidity trading services.
Lending and Financing
Includes cross-margin platforms like Omega Protocol and the institutional-focused Clearpool market.
Yield Aggregators
Protocols like Merchant Moe and Treehouse Finance offer users strategy-optimized yield farming and asset portfolio analysis tools.
Stablecoin Ecosystem
Native support for Agora's AUSD, Ondo's USDY, and the upcoming Wrapped BTC (FBTC) on Mantle, enabling cross-chain liquidity interoperability.
NFT Market
Mantle has its own NFT platform where users can mint and trade digital collectibles at low costs.
Liquid Staking
The Mantle LSD protocol issues mETH, allowing users to earn ETH staking rewards while participating in DeFi applications.
AI-Enhanced dApps
– Funny Money: An autonomous AI trading agent deployed in 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 is also supported by several hackathons (such as the APAC Hackathon), community incentives (Yapper leaderboard), and cross-chain activities like Ecogalaxy: Mantle Surge in collaboration with Bybit.
Image Credit: Mantle dApps
How to Participate and Acquire MNT Tokens
- Centralized Exchanges (CEX)
Trade MNT/USDT and other pairs on mainstream platforms like Binance, Coinbase, and XT.COM; pay attention to zero-fee events like the MNT × XT Carnival.
- Official Bridging (Mantle Bridge)
Use the bridging interface to transfer ETH or ERC-20 assets from Ethereum L1 to Mantle L2 and exchange for MNT.
- Rewards Station Staking
– Lock MNT to earn "MNT Power," which can be used to participate in ecosystem airdrops and reward pools.
– Allocate MNT Power to different reward pools to receive tokens from projects like $EIGEN, $ENA, $UXLINK, etc.
Image Credit: Mantle Missions
- Liquidity Mining
Provide liquidity on Mantle's DEX or yield aggregators to earn MNT and other protocol token rewards.
- DAO Proposals and Voting
Stake or delegate MNT to participate in governance and vote on ecosystem funding and upgrade proposals.
Image Credit: Mantle Delegate Voting Power
Competitive Landscape of Mantle
Mantle competes with Ethereum Layer-2 solutions like Optimism, Arbitrum, zkSync Era, and Base. Its unique modular design—separating execution, data availability, and settlement layers—combined with EigenDA data availability and the upcoming SP1 ZK proof, allows for one-hour withdrawals, making it stand out among similar projects.
Key Advantages:
– Modular Architecture: Layered execution, data availability, and settlement allow for flexible upgrades, with a throughput of approximately 15 MB/s.
– Ethereum Security: Optimistic Rollup effectively anchors validity to Ethereum L1, inheriting top-tier network security.
– Data Availability: The first L2 to adopt EigenLayer EigenDA, significantly reducing costs and lowering censorship risks.
– Cross-Chain Interoperability: Bidirectional bridging, Bungee integration, and Chain Abstraction (ChA) roadmap enable a seamless cross-chain user experience.
Competitive Challenges: Mantle still faces the rapid withdrawal advantages offered by ZK-native Rollups (like zkSync Era) and the large ecosystem deeply integrated with Coinbase, such as Base.
Risks and Considerations
– Optimistic Withdrawal Delays: The standard exit time is about 7 days—unless the mainnet enables ZK proofs, acceleration is not possible.
– Block Producer Centralization: Currently, Mantle is only managed by a single Sequencer, with decentralization plans still in progress.
– Market Volatility: MNT prices are susceptible to overall cryptocurrency market trends; despite a 14.8% monthly increase, there has been a recent pullback of about 4%.
– Governance Risks: 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; audits and cautious user operations with risk assessments are recommended.
Future Prospects of Mantle (MNT)
With the official launch of EigenDA, SP1 ZK proof entering the testing phase, and the continuous growth in the number of dApps and user activity, Mantle is expected to achieve strong development in the second half of 2025. Key roadmap items include:
– ZK Finality Mainnet Deployment: Launching the SP1 system to achieve near-instant cross-chain withdrawal experiences.
– Sequencer Decentralization: Exploring permissionless or multi-Sequencer models to enhance network censorship resistance and reliability.
– Mantle Banking: Launching CeFi-DeFi hybrid financial products (fiat channels, payment cards, compliant lending, etc.).
– Layer-3 Support: Releasing application-focused Rollup SDKs to quickly build dedicated Layer-3 solutions based on the Mantle modular framework.
– Ecosystem Expansion: Continuously hosting hackathons and various ecosystem funding projects, deepening cross-chain collaborations with TON, Boba, and others.
With a fixed MNT supply and a robust treasury, combined with community governance, Mantle will lay a solid foundation for long-term incentives and technological innovation.
Frequently Asked Questions
Q1: What is the current price of MNT?
A1: As of May 9, 2025, the price of MNT is approximately $0.75, with a 24-hour trading volume of about $213 million.
Q2: How can I trade MNT/USDT?
A2: MNT/USDT is the main liquidity trading pair, commonly found on most centralized exchanges; zero-fee events like the MNT × XT Carnival can reduce trading costs.
Q3: Can I stake MNT to earn rewards?
A3: Yes, lock MNT in the Mantle Rewards Station to receive airdrops of ecosystem project tokens and governance voting rights.
Q4: What is Mantle's governance model?
A4: Mantle DAO conducts off-chain voting through Snapshot, with each MNT representing 1 vote for proposals on protocol upgrades and treasury expenditures.
Q5: When will Mantle achieve fast withdrawals?
A5: The plan is to deploy SP1 ZK proof on the mainnet in the second half of 2025, reducing withdrawal times to about 1 hour.
Q6: Where can I find more information about Mantle (MNT)?
– Official Website: mantle.xyz
– Developer Documentation: docs.mantle.xyz
– Rewards Station: rewards.mantle.xyz
– Governance Forum: forum.mantle.xyz
Conclusion
Mantle (MNT) stands out among Ethereum Layer-2 solutions with its modular architecture, strong treasury support, and active community governance. The MNT token, as a multifunctional token for transaction fees, governance, and ecosystem incentives, not only drives network growth but also aligns the interests of all parties. Currently, Mantle has achieved over $1 billion in TVL, with more than 250 active dApps in the ecosystem, and has established strategic partnerships with industry leaders like EigenLayer, Succinct, and Chainlink. In the future, with the launch of ZK rapid withdrawals, Sequencer decentralization, and Mantle Banking features, Mantle will further enhance scalability, security, and user experience. In this "liquidity chain" revolution, both MNT holders and developers have great potential, making it worth looking forward to.
About XT.COM
Founded in 2018, XT.COM currently has over 7.8 million registered users and more than 1 million monthly active users, with user traffic in the ecosystem exceeding 40 million. We are a comprehensive trading platform supporting over 800 quality cryptocurrencies and more than 1,000 trading pairs. XT.COM cryptocurrency trading platform supports a rich variety of trading options, including spot trading, margin trading, and futures trading. XT.COM also has a secure and reliable NFT trading platform. We are committed to providing users with the safest, most efficient, and most professional digital asset investment services.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
