Mantle (MNT) has experienced a significant 35% price increase, reaching $2.14, as network activity intensifies and institutional interest grows. The Layer-2 network reported a 117% rise in active addresses over the past week, contributing to its status as the fourth-largest cross-chain destination with a total value locked (TVL) of $2 billion, following the OP Succinct upgrade.
In a strategic expansion into traditional finance, Mantle has launched a $2 billion stablecoin-backed tokenization platform and a $400 million institutional fund in collaboration with Securitize. These developments have fueled optimism among analysts, with some predicting that MNT could surpass $3.60 if it breaks through key support levels.
Mantle (MNT) Jumps 35% as Network Activity and Institutional Moves Boost Confidence
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.