What is Mantle?
Mantle is a Layer 2 network for Ethereum that accelerates and reduces transaction costs. MNT is its native token, used for paying fees and governance. The project grew from a large decentralized community and inherited one of the largest treasuries in the crypto industry.
How it works
The network is built on a modular principle: transaction execution is separated from data storage, which is handled by a specialized layer, reducing costs. Transactions are batched and confirmed on Ethereum, inheriting its security. The ecosystem also develops yield products — liquid ETH staking and tokenized yield instruments.
Pros and cons
- Pros: low fees backed by Ethereum security, powerful treasury for development, own suite of yield products.
- Cons: fierce competition among Layer 2 networks, dependence on Ethereum ecosystem, volatility.