The team will regularly report progress and results to promote Mantle's new phase of globalization, institutionalization, and large-scale application.
On August 14, 2025, the globally leading cryptocurrency exchange Bybit held its first joint live broadcast with the Ethereum Layer2 public chain Mantle on X, announcing the Mantle 2.0 strategic vision to the global and Chinese-speaking communities, and disclosing the comprehensive cooperation plan between Bybit and Mantle in terms of ecology, technology, and market.
Bybit and Mantle Comprehensive Synergy Upgrade
At the beginning of the live broadcast, Bybit Co-CEO and co-founder Ben announced that Bybit Co-CEO Helen and Bybit Spot head & Byreal founder Emily officially joined Mantle as senior advisors and core contributors.
Ben reviewed the journey of Bybit initiating and incubating Mantle (formerly BitDAO) three years ago — at that time, it already had one of the largest DAO treasuries in the world, which now exceeds $1 billion in funding and maintains high activity and stable growth in the Layer2 space.
He emphasized that the global regulatory environment is improving, with Europe's MiCA framework and the U.S. stablecoin legislation indicating that traditional finance is beginning to embrace Web3. Bybit has fully complied, and the next focus is to drive large-scale user entry into Web3, while Mantle's mission is to "connect Web2 and Web3," aligning both parties' goals closely.
Mantle 2.0 Vision: Institutional-Level Liquidity Infrastructure
Emily publicly unveiled Mantle 2.0's brand and strategic positioning for the first time:
Core Identity: Mantle will continue as a "Liquidity Chain," enhancing flexibility and scalability through a modular architecture to maximize on-chain capital efficiency, embracing the trend of "tokenization of everything and asset on-chain";
Strategic Positioning: Mantle is not an ordinary Layer2 but an institutional-level infrastructure layer aimed at the next wave of large-scale Web3 adoption, with the goal of becoming the core hub for RWA on-chain;
Development Direction: While maintaining EVM ecological advantages, strengthen interoperability with non-EVM ecosystems (such as Solana) to form a cross-ecological layout.
Helen added in her speech that Mantle will leverage its high-speed and stable infrastructure advantages to attract cross-chain projects and exchange collaborations, forming deep synergy with Bybit to bring more ecological partners onto the Mantle chain.
Short-Term Priorities
Rui, the investment director of Hashkey Capital, raised the question of "the new official's three fires." Helen provided three clear priority tasks:
Maximize Bybit platform resources to empower Mantle — including fee discounts, more trading pairs, loans, VIP benefits, etc., to give MNT platform-level application value;
Build Mantle into an efficient and stable infrastructure — to seize RWA tokenization opportunities and distribute quality assets through Bybit;
Cross-chain application facilities — driven by Emily, to expand Mantle's interoperability with other ecosystems, attracting more users and assets.
Emily added that regarding the community's most concerned question of "how to make MNT holders profit," Mantle will strategically introduce high-quality assets, combining Bybit's liquidity and market expectations to create profit opportunities. She emphasized that the Mantle chain itself is a product that requires clear target users and matching application scenarios, rather than being "for everyone."
Synergistic Implementation: Full-Stack Integration from Trading to Payment
The MNT token and Mantle application scenarios will be fully integrated into the Bybit ecosystem:
Trading Scenarios: More MNT trading pairs and MNT options products will be launched; more new structured products such as Smart Leverage, Double Win, and OTC trading will be introduced.
Fees and Benefits: Plans to include MNT in fee discounts and VIP level upgrades.
Consumption and Payment: MNT can be used for direct payment for tickets to events like the CCCC conference; at the same time, MNT will also be integrated into Bybit Card, Bybit Pay, and other payment products.
Institutional and Retail: Provide more MNT-based loans, borrowing, and financial products for institutional and retail users.
Helen emphasized that all these empowerment measures are being promoted within a compliant framework, with short-term implementations including OTC trading support and worry-free leverage.
RWA Strategy: Institutional-Level Asset On-Chain Channel
RWA will be the core strategic direction for Mantle in the coming months. Joshua, the product head of Mantle Network, emphasized that the cooperation between Mantle and Bybit goes far beyond "chain × exchange," focusing on one of the largest growth tracks in Web3 — RWA. The total addressable market for RWA far exceeds other crypto subfields. After integrating with Bybit's infrastructure, Mantle can provide a secure, compliant, and scalable "track" for institutional-level asset on-chain, bringing new liquidity, products, and participants into the on-chain world. The team aims to become a leading ZK secure chain in this year's roadmap to strengthen institutional-level security and strong certainty settlement capabilities, providing underlying trust for RWA and institutional scenarios.
He pointed out that Mantle's existing DeFi, NFT, GameFi, and other DApps can directly benefit from this RWA strategy, combining real-world assets with on-chain products; at the same time, this infrastructure also provides space for new developers to build innovative use cases.
Helen and Emily also stated that Mantle will actively introduce TradFi assets, tokenize them on-chain, and complete distribution through Bybit as a centralized entry point, forming a closed loop from asset on-chain — liquidity and products — to user reach. This will bring higher quality asset choices and liquidity sources to DeFi and CeFi users.
MNT: Empowerment, Governance, and Supply Mechanism
In response to community concerns about the token, the team addressed each issue:
Platform Attributes: MNT is not a Bybit platform token, but Bybit will empower it across multiple products and scenarios.
Supply Mechanism: Whether to burn MNT will be decided through DAO proposals and community voting; a large number of tokens were already burned when BitDAO migrated to Mantle, and the team is also researching long-term supply reduction mechanisms. Regarding the recent community discussions about the OKB burn event, Helen responded that Mantle is different from OK, with a broader ecological scope and more external cooperation opportunities.
Incentive Quality: The inflation model will be adjusted, and the quality of incentive projects will be improved to ensure MNT collaborates with high-quality projects, avoiding bundling with low-quality projects.
Holder Rights: Off-chain participation in activities like Launchpool, Megadrop, Launchpad, etc., and on-chain participation in treasury management through DAO governance, enjoying more utility in DeFi scenarios.
Differentiated Competition and Developer Opportunities
During the Q&A session, Rui compared Base's strategy of leveraging Coinbase's traffic, and Helen and Emily pointed out that Mantle's competitive barrier lies in the treasury owned by the DAO, solid technology, high liquidity from exchanges, and a real user base, as well as multi-license compliance advantages. Mantle will gradually break through in its areas of expertise and efficiently synergize these advantageous resources to attract more quality projects to deploy on the Mantle chain.
At the same time, to enhance attraction and support for developers, the Mantle EcoFund and Grants program will continue to operate, focusing on supporting entrepreneurial teams in the RWA direction, leveraging Bybit's global user base to bring startup traffic and liquidity support to developers.
Team Goals and Future Outlook
The team will set KPIs around three major directions:
Public Chain Level: TVL, number of active addresses, on-chain transaction volume, new users;
CEX Integration: Progress of listings and integrations with multiple exchanges;
Ecological Expansion: Growth of on-chain DeFi projects and cross-ecological influence.
At the end of the live broadcast, Ben summarized: "The cooperation between Mantle and Bybit is a deep synergy across the entire chain, forming a closed loop from asset introduction, product landing to global user expansion." The team will regularly report progress and results to promote Mantle's new phase of globalization, institutionalization, and large-scale application. Here, we also call on the community and developers to actively participate in the construction of the Mantle × Bybit infrastructure, seizing the long-term growth opportunities brought by RWA and cross-ecological collaboration.
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