Mantle
MNTRank #48- Market cap
- $1.84B
- 24h volume
- $22.67M
- 7d change
- +9.3%
- 30d change
- +40.8%
- 24h high / low
- $0.5635 / $0.5419
- Circulating supply
- 3.3B
- Max supply
- 6.22B
- All-time high
- $2.86 (Oct 8, 2025)
Mantle is an on-chain ecosystem combining a Layer 2 network, an Ethereum liquid staking protocol, and institutional financial products, governed by the MNT token.
By the PickACrypto Team · Updated Aug 10, 2026
Our read on Mantle
Ecosystem playdiversified productslarge treasury
Mantle spans smart contract infrastructure, liquid staking, and neobank-style products, giving the token broad utility across a unified platform. The large uncirculated treasury position means governance and staking dynamics are heavily tied to how those remaining tokens are deployed.
- Smart Contract Platform, Layer 2 (L2), Neobank
- Categories
- #53
- Market-cap rank
- 3,302,294,383
- Circulating supply
- 6,219,316,795
- Total / max supply
- 49%
- Treasury allocation
- 51%
- Circulating allocation
The bull case
- Spans multiple high-utility verticals, including an L2 network, mETH Protocol, Function (FBTC), and Mantle Index Four (MI4), rather than relying on a single product.
- Positions itself at the intersection of traditional finance and decentralized finance, targeting both retail users and institutions.
- MNT is embedded across the ecosystem for governance and staking, tying token utility directly to platform activity.
- Max supply is capped, providing a fixed total supply boundary for the token.
The bear case
- With 49% of the total supply held in the treasury, future token movements or deployment decisions could shift circulating supply dynamics significantly.
- Operating as a Layer 2, a liquid staking protocol, and a neobank simultaneously exposes the project to competitive pressure across multiple distinct sectors.
- The broad ecosystem scope requires sustained execution across several unrelated product lines to maintain cohesion.
- Market-cap rank of #53 indicates the project competes against a large field of established smart contract platforms and L2 solutions.
What Mantle is
Mantle is an on-chain ecosystem that spans smart contract infrastructure, decentralized finance, and neobank services. It is built around several core products: Mantle Network, mETH Protocol, Function (FBTC), and Mantle Index Four (MI4). The project aims to bridge traditional finance and decentralized finance into a unified platform.
The MNT token serves as the backbone of the ecosystem. It is used for governance, staking, and driving activity across the platform's various products. Mantle holds a market-cap rank of #53.
How it works
Mantle Network functions as a Layer 2 scaling solution for smart contracts. Alongside the L2, the mETH Protocol handles Ethereum liquid staking, while Function (FBTC) and Mantle Index Four (MI4) extend the platform's reach into institutional and indexed financial products.
The MNT token unites these components. Holders use the token to participate in governance decisions and staking mechanisms, aligning incentives across the L2, staking, and neobank verticals.
Tokenomics
MNT has a circulating supply of 3,302,294,383 tokens against a total and maximum supply of 6,219,316,795. The supply is hard-capped, meaning no additional tokens will be created beyond the maximum.
According to project documentation, 51% of the token allocation is in circulation, while 49% resides in the Mantle Treasury. This means nearly half of the total supply remains under treasury control, tying future circulating supply dynamics to treasury deployment decisions.
Approximate allocation
- 49%Mantle Treasury
- 51%Circulating
Competitive edge
Mantle differentiates itself by operating across multiple verticals rather than focusing solely on Layer 2 scaling. The combination of an L2 network, a liquid staking protocol in mETH, and institutional products like FBTC and MI4 creates a broad financial services platform.
The project aims to redefine how users spend, save, and invest in the Web 3.0 era by bridging traditional finance and decentralized finance.
This multi-product approach positions Mantle to capture value across different segments of the crypto economy, though it also requires execution across disparate product categories.
Frequently asked questions
- What products make up the Mantle ecosystem?
- The ecosystem includes Mantle Network, mETH Protocol, Function (FBTC), and Mantle Index Four (MI4), covering L2 scaling, liquid staking, and institutional finance.
- What is the MNT token used for?
- MNT powers the Mantle ecosystem and is used for governance, staking, and driving innovation across the platform's decentralized economy.
- How is the MNT token supply structured?
- MNT has a circulating supply of 3,302,294,383 and a max supply of 6,219,316,795, with 51% circulating and 49% held in the Mantle Treasury.
Sources
The durable facts on this page are drawn from the sources below; live market figures update from our own database. See our methodology.
Technical indicators
Computed daily by our pipeline from accumulated price history.
- RSI (14d)
- 75.21
- 50-day SMA
- $0.4638
- 200-day SMA
- —
- Volatility (30d, annualised)
- 94.07%
- 90d support
- $0.392
- 90d resistance
- $0.7136
- Correlation vs BTC
- 0.76
- Correlation vs ETH
- 0.78
Mantle price prediction
Our deterministic model publishes forecast ranges for Mantle across five horizons, each recorded immutably and scored on the Accuracy Ledger when it matures.
This is research and analysis, not financial advice. Crypto is volatile and you can lose what you put in. Figures are sourced above or drawn live from our own database. Always do your own research.
Market data synced from CoinGecko into our own database. This page's figures were captured Thu, 03 Sep 2026 05:00:00 GMT. Every figure is injected from that record; see the methodology. Nothing on this page is financial advice. Read the disclaimer.