Mantle MNT
Cryptocurrency · Layer 2 · Not Mineable · launched in 2023
№48of 40 032
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- Price —
- $1.7 billion
- Capitalization
- $22.2 million
- Volume over 24 hours
- 0.06%
- Dominance
About the coin
- Circulating supply
- 3.3 billion MNT
- Total supply
- 6.22 billion MNT
- Maximum supply
- 6.22 billion MNT
- Fully diluted capitalization
- $3.2 billion
- 24h high
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- 24h low
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Mantle (MNT) is a high-tech modular Layer 2 blockchain designed to scale the Ethereum network. The project's key architectural feature is the separation of transaction execution, finality, and data availability processes into distinct specialized layers. Mantle became the first L2 network to integrate the advanced EigenDA solution, which significantly reduced data storage costs and enabled ultra-low gas fees for users. The native MNT token emerged from a strategic merger of the BitDAO and Mantle ecosystems. It is used for paying transaction fees, staking, and decentralized governance through Mantle DAO.
Additional information
FAQ
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Mantle Network is a decentralized Layer 2 blockchain built on top of Ethereum. The project aims to make interactions with decentralized applications fast, scalable, and affordable, while fully preserving the security and reliability of the underlying Ethereum network.
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Unlike classical monolithic blockchains where a single network handles all tasks, Mantle separates three key processes: transaction execution, data availability, and settlement. Through integration with the EigenDA layer, data storage occurs outside the main blockchain, relieving network load and reducing gas fees to fractions of a cent.
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The project originated within the largest decentralized organization BitDAO. In 2023, the community voted to merge the BitDAO brand and Mantle Network technology under the unified name Mantle. As part of this process, the old BIT token was successfully converted to the new unified MNT token at a 1:1 ratio, inheriting one of the largest cryptocurrency treasury bases on the market.
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The MNT token is a multifunctional native asset. It serves three main roles: acts as a settlement unit (gas) for paying network fees on transfers, is used in staking to ensure transaction security, and gives holders voting rights in Mantle DAO for grant distribution and network development governance.
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Mantle develops its own liquid staking protocol, with mETH (Mantle Staked ETH) as its flagship product. Users can lock their Ethereum and receive mETH in return, which accumulates staking rewards while remaining a liquid asset available for trading, DeFi collateral, and integration with real-world assets (RWA).
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .