What is Mantle (MNT)? EVM-Compatible Scaling for Ethereum

Introduction

Mantle Network (MNT) is a next-generation Layer-2 solution for Ethereum, leveraging Optimistic Rollups and modular architecture to deliver faster, cheaper, and scalable transactions. The $MNT token powers this ecosystem, enabling governance, staking, and fee payments. Backed by the $200M Mantle EcoFund, Mantle is gaining traction as a high-performance platform for developers and investors. This Phemex Academy guide explores Mantle Network, the $MNT token's role, and its market status.

Summary Box (Quick Facts)

• Token Name: Mantle

• Ticker: MNT

• Type: Utility and governance token

• Chain: Mantle Network (Ethereum L2)

• Contract Address: 0x3c3a81e81dc49a522a592e7622a7e711c06bf354

• Total Supply: 6,210,000,000 MNT

• Circulating Supply: 3,250,000,000 MNT

• Current Market Cap: $5,190,000,000

• Fully Diluted Valuation (FDV): $9,930,000,000

What Is MNT?

Mantle Network is an EVM-compatible Layer-2 scaling solution for Ethereum, designed to provide low-cost and efficient transactions. It utilizes a modular architecture to separate execution, consensus, settlement, and data availability, enabling compatibility with Ethereum tools while reducing fees. The $MNT token is used for governance, staking, and network fees. Mantle inherits Ethereum's security, making it suitable for DeFi and dApps. Beginners can stake $MNT for rewards, while developers deploy Ethereum contracts with minimal changes. 

What is the Mantle Network?

Mantle Network is built as a rollup, utilizing Ethereum validators for security. It features modular data availability with EigenDA technology, achieving over 90% cost savings compared to Ethereum L1. This setup reduces latency and increases throughput, supporting mass-adopted dApps.

Mission

Mantle aims to offer users a cost-effective and user-friendly experience, developers a flexible environment, and a comprehensive infrastructure for next-generation dApps.

Why MNT Stands Out

$MNT stands out for its role in a high-performance L2, offering governance and staking rewards. Its modular design and Ethereum security make it a leader in scaling solutions, backed by the $200M Mantle EcoFund for ecosystem growth.

How Many MNT Tokens Are There?

• Total Supply: 6,210,000,000 MNT

• Circulating Supply: 3,250,000,000 MNT

• Market Cap: $5,240,000,000

• FDV: $10,020,000,000

• Price: $1.61

• All-Time High: $1.67 (-3.22%)

• All-Time Low: $0.3136 (+414.04%)

What Does MNT Do?

$MNT serves as the utility token for Mantle Network, with functions including:

• Governance: Token holders vote on network parameters and proposals.

• Staking: Stake $MNT to secure the network and earn rewards.

• Fee Payments: Used for transaction fees and data availability costs.

These utilities make $MNT essential for network operations and user participation.

Mantle Network vs. Arbitrum (ARB)

What Sets $MNT Apart

$MNT’s modular architecture and EigenDA provide cost savings and efficiency, distinguishing it from Arbitrum’s fraud-proof focus.

The Technology Behind Mantle Network

Mantle Network uses a modular design, with an EVM-compatible execution layer, Ethereum for consensus/settlement, and EigenDA for data availability, achieving 90% cost savings.

Core Features

• Modular Architecture: Separates execution, consensus, and storage for efficiency.

• Optimistic Rollup: Reduces fees while inheriting Ethereum security.

• Data Availability: EigenDA offers low-cost DA.

Team & Origins

Mantle Network originated from BitDAO's migration to $MNT, focusing on Ethereum scaling. Team details are not public, but it's supported by partnerships like EigenLayer, Polychain, Dragonfly, Mirana Ventures, and Bybit.

Key News & Events

• 2022: Mantle Network founded as Ethereum L2.

• 2025: Migrated from BitDAO, expanding the $200M EcoFund for Web3 projects.

Is $MNT a Good Investment?

$MNT’s investment potential depends on factors like:

• Market Context: Ethereum scaling demand, with Mantle’s modular DA addressing costs.

• Technical Progress: EVM compatibility and EigenDA integration offer innovation.

• Adoption: 3.25B circulating supply and $666M volume indicate interest.

• Risks: Volatility and competition from other L2s.

• Considerations: Recent migration from BitDAO adds liquidity. The 6.21B supply could affect value.

Research thoroughly, as outcomes depend on market conditions.

FAQ Section

1. What is the Mantle Network? An EVM-compatible L2 scaling solution for Ethereum.

2. What is $MNT? A utility token for governance, staking, and fees.

3. How does Mantle differ from Ethereum? Mantle offers lower fees and modular DA while inheriting Ethereum security.

Conclusion

Mantle Network ($MNT) is an EVM-compatible L2 solution for Ethereum, offering low-cost transactions through modular architecture. With $MNT for governance and staking, it supports DeFi growth. While promising, the large supply warrants caution. Stay informed as Mantle evolves. 

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