Mantle 

MNT Price

What is the Mantle (MNT) token?

Mantle (MNT) is an Ethereum Layer-2 network and on-chain ecosystem that grew out of BitDAO, one of the largest DAO treasuries in crypto. The BIT community approved the rebrand through proposal BIP-21 in May 2023, and the BIT-to-MNT migration followed via MIP-22 in June 2023. Mantle Network mainnet launched in July 2023. The parent entity positions the ecosystem around institutional real-world-asset infrastructure and on-chain capital markets, alongside products such as the mETH Protocol liquid staking suite.

How does Mantle Network work?

Mantle Network runs as a modular rollup on Ethereum: execution, data availability, proofs and settlement are separated. The original architecture was an optimistic rollup built on the OP Stack. Per official documentation, Mantle is transitioning settlement to ZK validity proofs using Succinct's SP1, with EigenDA serving as the external data-availability layer. More than 200 dApps operate on the network. MNT pays gas for every transaction on the chain.

What is the MNT token used for?

MNT serves four roles. The token pays gas on Mantle Network, functions as the governance asset under a hybrid off-chain and on-chain model, and acts as a base pair and collateral asset in Mantle's DeFi applications. On Bybit, MNT is used in Earn products, card funding, and Launchpool and Megadrop campaigns. DropsTab classifies MNT under Layer-2, Neobank, Web 3.0 and CEX categories.

How does Mantle staking work?

MNT has no native staking that secures the network: Mantle Network's security comes from the rollup design rather than staked MNT. The mETH Protocol liquid staking suite operates on ETH - users liquid-stake ETH into mETH or restake into cmETH - not on MNT. MNT-denominated yield is available only through venue-level products such as Bybit Earn and Launchpool campaigns.

Is MNT a coin or a token?

MNT is a token rather than a native Layer-1 coin, and DropsTab classifies it under Layer-2. The token exists as contract 0x78c1b0c915c4faa5fffa6cabf0219da63d7f4cb8 on the Mantle chain, verifiable on the Mantle block explorer, with a separate Ethereum contract at 0x3c3a81e81dc49a522a592e7622a7e711c06bf354 listed on Etherscan.

What is MNT's total supply?

Per DropsTab data, MNT's maximum supply is capped at 6,219,316,795 tokens. At the July 2023 launch, 51% of that supply entered circulation unlocked and 49% went to the Mantle Treasury. Treasury tokens can be spent only after governance approvals. The supply carries no inflation schedule: additional circulating supply comes only from treasury deployment approved by MNT holders.

Does MNT have a vesting schedule that creates unlock sell pressure?

MNT has no dated, contract-based unlock calendar of the kind vesting trackers normally list. The project ran no traditional investor or allocation vesting at launch. Emission risk for holders is therefore governance-driven: large treasury deployments for grants, incentives or ecosystem purchases can add circulating supply at any time, subject to MNT-holder approval.

Who backed Mantle?

Bybit is Mantle's anchor backer. The exchange contributed over $3 billion in tokens to the Mantle Treasury cumulatively, building on the BitDAO treasury Mantle inherited in 2021. Per DropsTab data, Mantle's only recorded funding round is a Public Sale on Bybit dated July 11, 2023, the Bybit ByStarter Genesis Sale, with 2,500,000 MNT listed for sale. The July 6-11, 2023 Genesis Offering required a whitelisting subscription (hold 100+ BIT and 100+ USDT with KYC). No VC rounds for the MNT token are recorded on DropsTab.

What airdrops and campaigns did Mantle run?

DropsTab lists six Mantle campaigns, all completed. Methamorphosis Season 1 ran from July 1 to October 9, 2024: mETH holders earned Powder points convertible to COOK, mETH Protocol's governance token. Season 2 ran October 30, 2024 to February 16, 2025 and required restaking mETH into cmETH. Earlier quest campaigns included a PoP Planet prize pool of 20,000 MNT in August 2024 and a Layer3 AI Fest pool of 50,000 MNT in August-September 2024.

Where can MNT be traded?

MNT trades on more than 20 centralized and decentralized venues per DropsTab data. Spot liquidity concentrates on Bybit, which also runs MNT perpetual futures alongside Kraken Futures, MEXC, Gate.io, Bitunix and Hyperliquid. Regulated venues include Coinbase (MANTLE/USD), Kraken, Bitstamp by Robinhood and Upbit. On-chain, MNT trades against WETH, USDC and USDT in Uniswap v3 and v4 pools. Bybit's combined role as anchor backer, treasury contributor and dominant venue makes single-exchange dependency a structural liquidity consideration for MNT.