Why did the price of MNT go up?
Mantle (MNT) increased by 4.13% in the last 24 hours, outperforming the overall crypto market, which dropped by 1.8%. This rise is linked to positive momentum from recent upgrades, new exchange partnerships, and key technical price movements.
- ZK Rollup Mainnet Upgrade (Positive Impact)
- Bybit Partnership & Exchange Incentives (Positive Impact)
- Technical Breakout Above Key Levels (Mixed Impact)
Deep Dive
1. ZK Rollup Mainnet Upgrade (Positive Impact)
Overview: On September 17, Mantle completed its upgrade to a ZK Rollup using OP Succinct technology. This change cut withdrawal times from 7 days down to just 1 hour and made Mantle the largest ZK Rollup by total value locked (TVL), exceeding $2 billion.
What this means:
- Faster and more efficient transactions attract developers and institutional investors, increasing the network’s usefulness.
- Strengthens Mantle’s reputation as a scalable Layer 2 solution for Ethereum (Sharpe Labs).
What to watch: Growth in adoption, including increases in TVL and transaction activity on Mantle’s upgraded network.
2. Bybit Partnership & Exchange Incentives (Positive Impact)
Overview: On September 11, Bybit expanded its support for MNT by adding 21 new spot trading pairs, offering fixed-term savings accounts with up to 5% annual interest, and VIP benefits. Daily trading volume of MNT on Bybit jumped to 37% of the platform’s $717 million total volume.
What this means:
- More liquidity and exposure for MNT, making it function similarly to how Binance Coin (BNB) works on Binance.
- Increased retail interest fueled by a $60,000 XUSD prize pool for MNT holders (Coinspeaker).
What to watch: Whether trading volumes remain high after the promotional campaigns end on September 30.
3. Technical Breakout Above Key Levels (Mixed Impact)
Overview: MNT’s price broke above a key resistance level at $1.63, currently trading around $1.66 and testing the 23.6% Fibonacci retracement level at $1.71. The 30-day simple moving average (SMA) at $1.44 provides support.
What this means:
- Positive momentum is supported by a 12.98% increase in trading volume over 24 hours and a strong 107% price gain over the past 60 days.
- However, a bearish signal appears as the MACD histogram turned negative (-0.0118), indicating a possible short-term price pullback.
Key level to watch: Closing above $1.71 could open the way to a target price of $2.12 (127.2% Fibonacci extension).
Conclusion
Mantle’s recent price increase is driven by a combination of important network upgrades, increased liquidity from exchange partnerships, and strong technical signals. The ZK Rollup upgrade and Bybit’s incentives provide solid support, but traders should watch if buying pressure can push past the $1.71 resistance level.
Key questions: Will Mantle continue to grow its TVL after the upgrade? Can Bybit’s promotions create lasting demand for MNT?
What could affect the price of MNT?
Mantle’s price is influenced by a mix of positive factors and potential risks related to exchange partnerships, technology improvements, and market conditions.
- Bybit Partnership (Positive) – Expands Mantle’s use in trading, staking, and special offers.
- ZK Rollup Upgrade (Positive) – Speeds up withdrawals and attracts institutional users through new technology.
- Token Supply Changes (Mixed) – Token burns reduce supply, but upcoming unlocks could increase it.
In-Depth Look
1. Exchange-Driven Demand (Positive Impact)
Overview:
Mantle has teamed up with Bybit, the third-largest crypto exchange by trading volume. This partnership lets users use Mantle’s token (MNT) for collateral, get fee discounts, and earn rewards in programs like HODL & Earn. Currently, over 37% of Mantle’s $700 million daily trading volume happens on Bybit. The exchange plans to add more than 20 new trading pairs and derivatives involving MNT.
What this means:
This partnership creates demand for MNT from traders and stakers, who can earn over 6% annual returns by staking. Similar tokens linked to big exchanges, like BNB, have seen long-term price growth thanks to their practical uses. However, relying heavily on one exchange can be risky if incentives or trading volume drop.
2. ZK Rollup Upgrade (Positive Impact)
Overview:
On September 17, 2025, Mantle upgraded to a ZK Validity Rollup technology, which reduces withdrawal times from 7 days to just 1 hour using Succinct’s prover network. This makes Mantle the largest ZK rollup by total value locked (TVL) at over $2 billion, improving speed and scalability for institutional investors.
What this means:
Faster transaction finality can attract decentralized finance (DeFi) apps and real-world asset (RWA) projects that need quick processing. This increases demand for MNT, which is used to pay transaction fees and as staking collateral. Mantle’s low transaction cost of $0.002 is cheaper than competitors like Polygon and Arbitrum, giving it an edge.
3. Tokenomics & Supply Risks (Mixed Impact)
Overview:
Mantle’s circulating supply is 3.25 billion MNT, which is 48% less than its maximum supply of 6.22 billion. The community-approved MIP-23 permanently removed 3 billion tokens from circulation. However, 1.8 billion MNT tokens set aside for ecosystem incentives could enter the market through 2026.
What this means:
In the short term, the limited supply supports the price. But as more tokens are unlocked from reserves worth $4.3 billion, there is a risk of price dilution. Keep an eye on governance proposals that might extend token vesting periods or shift emissions toward staking rewards to reduce selling pressure.
Conclusion
Mantle’s price outlook depends on balancing growing demand from exchange partnerships with the risks of token unlocks and competition from other Layer 2 solutions. The ZK rollup upgrade and Bybit’s large daily trading volume offer a solid chance for Mantle to reach $2 or more if network activity stays strong. However, if TVL growth slows after token unlocks or the overall crypto market weakens, prices could fall back to support levels around $1.20 to $1.40.
Key question: Will Mantle’s daily active users—already up 300% in September—keep increasing as its banking app user rate and real-world asset integrations launch in late 2025?
What are people saying about MNT?
The Mantle (MNT) community is buzzing with excitement about new partnerships and technology upgrades, but some caution remains. Here’s what’s trending:
- Bybit’s “Mantle 2.0” plan is driving more demand on the exchange
- LayerZero integration opens the door for Mantle to work across multiple blockchains
- Debate over whether the recent price surge is sustainable or overbought
Deep Dive
1. @0xBwayne: Bybit integration boosts MNT’s use — bullish
“$30B+ daily volume hardwired into Mantle via Bybit… BNB vibes!”
– @0xBwayne (12.4K followers · 34K impressions · 2025-08-22 18:06 UTC)
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What this means: Bybit, a major crypto exchange with over $30 billion in daily trading volume, is adding Mantle (MNT) to its trading pairs, over-the-counter (OTC) services, and staking options. This could create steady demand for MNT, similar to how Binance Coin (BNB) grew through exchange use. Even if just 1% of Bybit’s volume uses MNT, that could mean $300 million in monthly buying pressure.
2. @cuongtran2024: LayerZero integration unlocks Mantle’s cross-chain potential — bullish
“MNT becomes native multichain asset… gas fees drop 80%”
– @cuongtran2024 (8.2K followers · 22K impressions · 2025-08-30 17:15 UTC)
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What this means: Mantle is integrating with LayerZero’s technology, allowing MNT to work seamlessly across different blockchains. This “omnichain” capability means users can move assets between Ethereum and Mantle’s HyperEVM network more easily and with much lower fees—up to 80% cheaper. This could help Mantle grow by making it more useful and accessible.
3. @coin68: Price hits all-time high but may be overbought — mixed
“MNT up 60% monthly… but RSI hits 74.98”
– @coin68 (89K followers · 210K impressions · 2025-09-11 08:17 UTC)
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What this means: Mantle’s price recently reached a new high of $1.65, showing strong momentum. However, the Relative Strength Index (RSI), a common indicator of whether an asset is overbought or oversold, is near 75—usually a sign the price might cool off soon. Traders are watching if Mantle’s $388 million Strategic ETH Reserve and Bybit’s new trading pairs can keep the price stable despite potential profit-taking.
Conclusion
The overall outlook on Mantle (MNT) is optimistic but cautious. Exchange partnerships like Bybit’s and new cross-chain technology suggest growing demand and stronger use cases. However, the recent 60% price jump means MNT could face short-term pullbacks. Keep an eye on the $1.50 support level and upcoming data on total value locked (TVL) after the LayerZero rollout. Continued growth in the ecosystem will be key to supporting current valuations.
What is the latest news about MNT?
Mantle (MNT) is gaining momentum thanks to new exchange partnerships and technology upgrades, though traders are cautious about signs that it might be overbought. Here’s the latest update:
- ZK Rollup Upgrade Launches (September 17, 2025) – Mantle becomes the largest ZK rollup by total value locked (TVL), surpassing $2 billion, after integrating the OP Stack.
- Bybit Expands MNT Use (August 29, 2025) – Over 20 new trading pairs and options are introduced, along with a $60,000 rewards campaign.
- Record High Price (September 11, 2025) – MNT hits $1.65, driven by a 300% increase in active users and new listings on centralized exchanges (CEX).
Deep Dive
1. ZK Rollup Upgrade Launches (September 17, 2025)
What happened: Mantle upgraded to a ZK validity rollup using Succinct’s prover network. This change cuts withdrawal times from 7 days down to just 1 hour. It’s the first OP Stack-based blockchain to use zero-knowledge proofs, which helps speed up transactions while staying compatible with Ethereum’s system (EVM).
Why it matters: This upgrade is a big positive for MNT because it solves a major problem—slow withdrawals—that limited decentralized finance (DeFi) activity on Mantle. With over $2 billion locked in the network after the upgrade, demand for MNT tokens (used for transaction fees and governance) could increase. However, despite a 168x speed improvement, the total locked value hasn’t jumped yet, indicating investors may be waiting to see how things develop. (@billylwy22)
2. Bybit Expands MNT Use (August 29, 2025)
What happened: Mantle partnered with Bybit, a major crypto exchange, to integrate MNT into new features like Smart Leverage, Double Win derivatives, and over-the-counter (OTC) trading. MNT can now be used as collateral and offers fee discounts for VIP traders, similar to how other exchange tokens work.
Why it matters: This close partnership with Bybit is generally positive but comes with some risks. Bybit handles over $30 billion in daily trading volume, and 73% of MNT’s recent trading volume is on Bybit, which could lead to centralization concerns. The 36% annual percentage rate (APR) yield campaigns have encouraged short-term buying but might also increase speculative trading. (@andr_crypto)
3. Record High Price (September 11, 2025)
What happened: MNT’s price jumped 16% to reach $1.65, helped by Coinbase International listing perpetual futures and data from Santiment showing whales (large holders) increasing their activity by 10 times the usual amount.
Why it matters: While the all-time high (ATH) is a positive sign, it’s also fragile. The Relative Strength Index (RSI) hit 75, indicating the token might be overbought. However, funding rates stayed neutral, avoiding the excessive leverage seen in previous price peaks. Watch the $1.55 support level closely—if it breaks, traders might take profits, pushing the price down toward $1.40. (Coinspeaker)
Conclusion
Mantle’s recent price gains reflect its role as both a technology-focused Layer 2 blockchain and a token closely tied to exchange activity. However, heavy reliance on Bybit’s liquidity could pose risks if that relationship changes. With the Altcoin Season Index at 70 out of 100, MNT’s future momentum may depend on Bitcoin’s dominance—if Bitcoin’s share of the market rises above 58%, altcoins like Mantle could face pressure. Also, keep an eye on Ethereum’s performance, since Mantle’s mETH protocol holds $388 million in staked ETH; weakness in Ethereum could negatively impact MNT.
What is expected in the development of MNT?
Mantle is moving forward with key developments:
- Mantle Banking Global Launch (Q4 2025) – Introducing physical cards and worldwide access for easy crypto-to-fiat transactions.
- MI4 Fund Full Integration (2026) – Enabling trading of a $400 million tokenized crypto fund across decentralized finance (DeFi) platforms.
- Bybit Spot Pair Expansion (Q4 2025) – Listing Mantle’s $MNT token on over 20 trading pairs and adding options trading on Bybit.
Deep Dive
1. Mantle Banking Global Launch (Q4 2025)
Overview: Mantle Banking is a new type of digital bank that combines traditional money (fiat) and cryptocurrencies in one account. After testing, it will launch globally with features like virtual and physical debit cards, automatic investment of your funds to earn interest, and credit lines backed by crypto assets such as mETH or FBTC. The app uses Mantle Network’s advanced technology called ZK-rollup to keep fees low and transactions fast.
What this means: This is a positive step for $MNT because it makes using crypto easier for everyday people by connecting traditional finance (TradFi) with decentralized finance (DeFi). However, there could be challenges with regulations in places like the U.S. and Europe.
2. MI4 Fund Full Integration (2026)
Overview: The Mantle Index Four (MI4) is a $400 million crypto fund made up of Bitcoin (50%), Ethereum (26.5%), Solana (8.5%), and stablecoins (15%). In 2026, this fund will be fully integrated with DeFi platforms, allowing users to trade and earn yield through strategies like staking mETH.
What this means: This could attract more institutional investors and increase the total value locked (TVL) in Mantle’s ecosystem. However, because it includes volatile assets like Solana, returns might fluctuate during market downturns.
3. Bybit Spot Pair Expansion (Q4 2025)
Overview: Bybit, a major crypto exchange, plans to increase the number of $MNT trading pairs from 4 to over 20 and introduce options trading for $MNT. This expansion follows previous integrations of $MNT into Bybit’s Earn program, over-the-counter (OTC) trading, and collateral services. (Source: @andr_crypto)
What this means: This is good news for $MNT liquidity and price discovery, but it may also lead to increased price swings when new trading pairs launch.
Conclusion
Mantle’s roadmap focuses on blending the ease of traditional banking with the innovation of decentralized finance through new banking products, institutional fund integration, and exchange partnerships. While the technical foundation like ZK-rollup upgrades is in place, challenges remain in attracting users and ensuring smooth operation across different blockchain networks. The question is whether Mantle’s $4 billion treasury will be enough to realize its ambitious vision of becoming a leading "banking chain," especially against competitors like Coinbase’s Base.
What updates are there in the MNT code base?
Mantle’s software recently got major upgrades, focusing on integrating ZK rollups and improving overall performance.
- ZK Validity Rollup Mainnet (Sept 17, 2025) – Switched to ZK-powered withdrawals, cutting withdrawal times from 7 days down to just 1 hour.
- Data Availability (DA) Layer Overhaul (Aug 25, 2025) – Improved EigenDA integration for lower transaction fees and stronger security.
- Performance Improvements (Aug 25, 2025) – Made node operations and transaction processing faster and more efficient.
Deep Dive
1. ZK Validity Rollup Mainnet (Sept 17, 2025)
What happened: Mantle moved from an optimistic rollup to a zero-knowledge (ZK) validity rollup using OP Stack and Succinct Labs’ prover network.
This means transactions are verified off the Ethereum blockchain using zero-knowledge proofs before being finalized on Ethereum. As a result, withdrawal times dropped dramatically from 7 days to just 1 hour. The cost to prove transactions is only $0.002 each, which is about 80% cheaper than similar solutions.
Why it matters:
Faster withdrawals mean users and institutions can access their funds much quicker, improving liquidity. This upgrade makes Mantle a hybrid rollup, combining Ethereum’s security with near-instant withdrawal speeds. (Source)
2. DA Layer Overhaul (Aug 25, 2025)
What happened: Mantle released version 0.4.3, which improved how data is handled using EigenDA and added stronger security measures.
Developers reduced delays in submitting data by separating how Layer 1 and Layer 2 data are processed. They also introduced penalties for data availability node operators who mishandle data and fixed 18 security issues, including vulnerabilities related to key management.
Why it matters:
This update is mostly positive. While node operators now face stricter rules, users benefit from about 15% lower transaction fees thanks to more efficient data handling. (Source)
3. Performance Improvements (Aug 25, 2025)
What happened: The same update improved how gas fees are calculated and sped up node synchronization.
The gas oracle now updates fee estimates every 12 seconds instead of every 30 seconds, allowing it to react faster to changes on Ethereum. Verifier nodes also sync their data 40% faster thanks to better batch processing.
Why it matters:
Developers get a more predictable fee environment and faster node setup. Traders benefit from tighter price spreads because Layer 2 fees better reflect real-time Ethereum costs.
Conclusion
Mantle is evolving toward a modular, zero-knowledge-focused future that improves scalability (with EigenDA) and user experience (with fast withdrawals). Backed by a $4.3 billion treasury, Mantle is positioning itself for institutional use cases like real-world assets (RWA) and regulated decentralized finance (DeFi).
Could Mantle’s hybrid rollup model become the new standard for balancing security and speed in Layer 2 solutions?