In-depth interpretation of Mantle and its native tokens MNT

In the rapidly evolving Ethereum expansion solution, Mantle (MNT) stands out with its modular design, integrating innovative data availability, bridging and zero-knowledge technology into the network, aiming to become the first choice for "liquidity chain" for DeFi, NFT and next-generation dApps. MNT tokens are the core of handling fees, governance, pledge rewards and ecological incentives, driving the sustainable development of the entire ecosystem. This article will take you into the deeper understanding of the mechanisms, applications and future prospects of Mantle and MNT. In the rapidly evolving Ethereum expansion solution, Mantle (MNT) stands out with its modular design, integrating innovative data availability, bridging and zero-knowledge technology into the network, aiming to become the first choice for "liquidity chain" for DeFi, NFT and next-generation dApps. MNT tokens are the core of handling fees, governance, pledge rewards and ecological incentives, driving the sustainable development of the entire ecosystem. This article will take you into the deeper understanding of the mechanisms, applications and future prospects of Mantle and MNT.

MNT Token Overview

Mantle's native token, MNT, was launched in July 2023, replacing BitDAO's BIT token. As of May 9, 2025, the main market data are as follows:

MNT currently ranks among the top market capitalization of all L2 tokens and is actively trading on major exchanges such as MNT/USDT .

Mantle (MNT) Token Economics

MNT's token economic design emphasizes the fixed total volume and maintains a balanced distribution between circulation and ecological vault:

• – Total supply : 6.219 B MNT
• – Flow volume : approximately 3.36 B MNT (≈51%)
• – Vault Reserve : approximately 49% (≈3.17 B MNT), managed by Mantle DAO

Mantle Vault and Ecological Fund

• – Mantle Vault (≈$4 B value) is used to fund ecological relief, liquidity mining, R&D and cooperative incentives, with a dedicated $200 M EcoFund (EcoFund) .
• – MNT There is no continuous inflation, and the total supply is fixed; in the future, if the community decides, potential deflation machines can be realized through fee destruction and other means.

Core applications of MNT

1. Fee tokens: All transactions on Mantle L2 (including contract calls and asset transfers) pay the fee in MNT tokens. The more network is used, the stronger the demand for MNT.

2. Governance tokens: MNT holders can vote on proposals such as protocol upgrades, vault spending, etc. through Mantle DAO (off-chain voting based on Snapshot). 1 token is equivalent to 1 vote.

3. Pledge and Rewards: When locking MNT at Rewards Station , you can obtain "MNT Power" and participate in a variety of ecological reward pools, such as receiving project tokens such as $EIGEN, $ENA, $UXLINK and other project tokens.

4. Ecological incentives: MNT is also used in liquidity mining, contract mortgages and joint incentive programs with cooperative projects to promote the prosperity and development of various dApps and agreements within the ecosystem.

Mantle Eco-dApp and Core Applications

As of May 2025, Mantle Network has gathered 250 dApps, covering DeFi, NFT, gaming and emerging AI‑DeFi fields:

Decentralized Exchange (DEX)

Many EVMs compatible with DEXs provide low handling fees and in-depth liquidity trading services.

Lending and Financing

Contains cross-margin platforms such as Omega Protocol, as well as the Clearpool market for institutions.

Income aggregator

Merchant Moe, Treehouse Finance and other protocols provide users with strategy-optimized revenue farming and asset portfolio analysis tools.

Stablecoin Ecology

Natively support Agora's AUSD, Ondo's USDY, and the upcoming Mantle Wrapped BTC (FBTC), to achieve cross-chain liquidity interoperability.

NFT Market

Mantle has its own NFT platform, and users can cast and trade digital collections at low cost.

Mobile pledge

The Mantle LSD protocol issues mETH, and users can participate in DeFi applications while obtaining ETH staking income.

AI Enhanced DApp

• – Funny Money : An autonomous AI transaction agent deployed in the Mantle liquid pool.
• – INIT Agent / INFINIT Terminal : A natural language-based interface that helps users manage DeFi positions and automatically execute policies.

The development of Mantle ecosystem also benefits from multiple hackathons (such as APAC Hackathon), community incentives (Yapper rankings), and cross-chain activity Ecogalaxy: Mantle Surge, which cooperates with Bybit.

How to participate and obtain MNT tokens

Centralized Exchange (CEX)

Transactions on mainstream platforms such as Binance and Coinbase and other MNT/USDT pairs

Official Bridge

Transfer ETH or ERC‑20 assets from Ethereum L1 to Mantle L2 through the bridge interface and exchange them for MNT.

Rewards Station Pledge

• – Locked MNT Get “MNT Power”, which can be used to participate in ecological airdrops and reward pools.
• – Assign MNT Power to different reward pools and receive project tokens such as $EIGEN, $ENA, $UXLINK.

Liquidity mining

Provide liquidity on Mantle's DEX or earning aggregators to obtain MNT and other protocol token rewards.

DAO Proposals and Votes

Pledge or entrust MNT to participate in governance and vote on ecological grants and upgrade proposals.

Mantle's competitive landscape

Mantle competes with Ethereum Layer-2 solutions such as Optimism, Arbitrum, zkSync Era, and Base. Its unique modular design—separating the execution layer, data availability layer and settlement layer—with EigenDA data availability and the upcoming SP1 ZK proof to achieve a one-hour withdrawal, making it stand out among similar projects.

Key Advantages:

• – Modular architecture: Execution, data availability and settlement are layered, flexible upgradeable, with a throughput rate of up to about 15 MB/s.
• – Ethereum Security: Optimistic Rollup effectiveness anchors Ethereum L1, inheriting top-level network security.
• – Data Availability: The first L2 with EigenLayer EigenDA, significantly reducing costs and lowering review risks.
• – Cross-chain interoperability: bidirectional bridging, Bungee integration and chain abstraction (ChA) roadmap to achieve seamless cross-chain user experience.

Competitive Challenge: Mantle still needs to face the extremely fast withdrawal advantages provided by ZK native Rollup (such as zkSync Era), as well as a huge ecosystem such as Base that deeply integrates with Coinbase.

Risks and precautions

• – Optimistic withdrawal delay: The standard exit time is about 7 days – unless the mainnet enables ZK proof, it cannot be accelerated.
• – Centralization of block makers : Currently, Mantle is only responsible for block generation by a single Sequencer, and the decentralized solution is still being planned and promoted.
• – Market volatility: MNT prices are susceptible to overall crypto market trends; despite a monthly increase of 14.8%, there has been a pullback of about 4% recently.
• – Governance Risk : The huge treasury controlled by DAOs can lead to slow decision-making processes or community disagreements.
• – Smart contract risk: There may still be common DeFi security vulnerabilities in dApps within the ecosystem. It is recommended that audit and users operate with caution and conduct risk assessment.

Mantle (MNT) Future Outlook

With EigenDA officially launched, SP1 ZK certification entering the testing stage, and the number of dApps and user activity continue to grow, Mantle is expected to achieve strong development in the second half of 2025. Key roadmaps include:

• – ZK final mainnet deployment: launching the SP1 system to achieve a nearly instant cross-chain withdrawal experience.
• – Sequencer Decentralization: Explore permissionless or multi-sequencer models to improve network censorship resistance and reliability.
• – Mantle Banking: Launches CeFi–DeFi hybrid financial products (fiat currency channels, payment cards, compliant lending, etc.).
• – Layer-3 Support: Release application-oriented Rollup SDK, quickly build exclusive Layer-3 based on the Mantle modular framework.
• – Ecological expansion: Continue to hold hackathons and various ecological funding projects, and deepen cross-chain cooperation with TON, Boba and other such as.

MNT has fixed supply and strong vaults. Cooperating with community governance will lay a solid foundation for long-term incentives and technological innovation.

FAQ

Q1: What is the current price of MNT?

A1: As of May 9, 2025, the MNT price was approximately $0.75, and the 24-hour trading volume was approximately $213 M.

Q2: How to conduct MNT/USDT transactions?

A2: MNT/USDT is the main liquidity trading pair, which is commonly found in most centralized exchanges;

Q3: Can I get rewards by pledging MNT?

A3: Yes, lock MNT to Mantle Rewards Station to obtain the airdrop of ecological project tokens and governance voting rights.

Q4: What is Mantle's governance model?

A4: Mantle DAO conducts off-chain voting through Snapshot, each MNT represents 1 vote, used for proposal voting such as agreement upgrades and vault spending.

Q5: When can Mantle achieve quick withdrawal?

A5: The SP1 ZK certificate is planned to be deployed on the main network in the second half of 2025, and the withdrawal time will be shortened to about 1 hour.

Q6: Where can I get more Mantle (MNT) information?

• – Official website: mantle.xyz
• – Development Documentation: docs.mantle.xyz
• – Rewards Station: rewards.mantle.xyz
• – Governance Forum: forum.mantle.xyz

Conclusion

Mantle (MNT) stands out in the Ethereum Layer-2 solution with its modular architecture, strong vault support and active community governance. As a multifunctional token for handling fees, governance and ecological incentives, MNT tokens not only promotes network growth, but also makes the interests of all parties highly consistent. At this stage, Mantle has achieved more than $1 B TVL, with more than 250 active dApps in the ecosystem, and has established strategic cooperation with a series of industry leaders such as EigenLayer, Succinct, and Chainlink. In the future, with ZK's rapid withdrawal, Sequencer decentralization and Mantle Banking, Mantle will further improve scalability, security and user experience. In this "liquidity chain" revolution, MNT holders and developers have great potential and deserve common expectations.

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