Why did the price of MNT go up?
Mantle (MNT) increased by 6.97% in the past 24 hours, outperforming the overall crypto market, which rose by 2.36%. This growth is driven by Bybit’s new derivatives offerings, positive technical signals, and excitement from a global hackathon event.
- Bybit Derivatives Integration (Positive Impact)
- Technical Rebound from Support Level (Mixed Impact)
- Hackathon and Ecosystem Growth (Positive Impact)
Deep Dive
1. Bybit Derivatives Integration (Positive Impact)
Overview: On October 20–21, 2025, Bybit added Mantle (MNT) futures and options to its USDT-margined derivatives trading. MNT is a key token for Bybit users, providing benefits like trading fee discounts and special perks.
Why it matters: When a token is added to major derivatives markets, it usually attracts more trading activity and interest from larger investors. Bybit handles over $30 billion in daily trading volume, so including MNT could increase demand for the token, similar to how Binance Coin (BNB) grew after being integrated into Binance’s platform.
What to watch: Keep an eye on how much MNT is traded on Bybit and the level of open interest (the number of active contracts) to gauge ongoing demand.
2. Technical Rebound from Support Level (Mixed Impact)
Overview: MNT’s price bounced back from a key support level around $1.74, which is the 50-day exponential moving average (EMA). The Relative Strength Index (RSI), a tool that measures momentum, is neutral at 46–48. The Stochastic RSI, which can indicate short-term price changes, moved up from oversold levels, suggesting some buying interest.
Why it matters: Traders often buy when prices are oversold, but other indicators like the MACD (Moving Average Convergence Divergence) are still negative, showing some downward pressure remains. If MNT’s price closes above $1.80 (near the 23.6% Fibonacci retracement level at $1.83), it could confirm a stronger upward trend.
3. Hackathon and Ecosystem Growth (Positive Impact)
Overview: Mantle is hosting a global hackathon from October 2025 through February 2026, with a $150,000 prize pool. The event encourages developers to create practical blockchain solutions.
Why it matters: Hackathons help attract talented developers and encourage innovation on the Mantle platform. Previous hackathons have led to significant increases in total value locked (TVL) on the network—for example, a $244 million rise in Q3 2025—showing growing use and interest in the ecosystem.
Conclusion
Mantle’s recent price increase is supported by strategic partnerships like Bybit’s derivatives launch, positive technical signals, and active ecosystem development through events like the hackathon. However, broader market challenges remain, such as Bitcoin’s dominance at 59.3%, a low altcoin season index of 24, and a high percentage (69%) of MNT tokens being staked, which may reduce price volatility.
Key point to watch: Will MNT maintain its price above $1.80 and aim for the $2.00 resistance level, or will traders take profits and cause a pullback amid uncertain market conditions?
What could affect the price of MNT?
Mantle’s price is balancing between positive effects from exchange partnerships and challenges from broader economic issues.
- Bybit integration – More ways to use Mantle on the exchange and rewards for holders are boosting demand (positive).
- Hackathon momentum – A $150K developer competition could help grow the Mantle ecosystem (positive).
- Macro risks – Trade tensions between the U.S. and China are putting pressure on crypto markets (negative).
Deep Dive
1. Bybit Partnership & Exchange Utility (Positive Impact)
Overview: Bybit, a major crypto exchange, is expanding Mantle’s use across over 20 spot trading pairs, options, and offering fee discounts to Mantle holders. They’ve also introduced new derivatives and set up a $250K rewards pool to encourage trading and liquidity (Bybit announcement).
What this means: Because Bybit handles over $30 billion in daily trading volume, Mantle could see increased demand similar to how Binance Coin (BNB) grew with Binance exchange. However, relying heavily on one exchange means Mantle’s price could be volatile if these incentives decrease.
2. Ecosystem Growth via Hackathons (Positive Impact)
Overview: Mantle is running a 5-month hackathon from October 2025 to February 2026, focusing on decentralized finance (DeFi), real-world assets (RWA), and gaming projects. The competition offers $150K in prizes and support for developers to build on Mantle (CoinJournal).
What this means: If new decentralized apps (dApps) launch successfully, network activity and total value locked (TVL) could increase, which often leads to token price gains. For example, previous projects like Pendle’s mETH integration helped Mantle’s TVL reach $2 billion. Still, there’s always a risk that some projects may not succeed.
3. Macro Liquidity Pressures (Negative Impact)
Overview: Rising trade tensions between the U.S. and China, including proposed tariffs as high as 155%, caused Mantle’s price to drop 10% on October 22. The crypto market’s fear/greed index is at 32 (“Fear”), and Bitcoin’s dominance is 59.3%, which tends to reduce liquidity for other coins (The Defiant).
What this means: Mantle showed some strength with a 6.97% gain in 24 hours compared to Bitcoin’s 2.36%, but ongoing market uncertainty could wipe out these gains. Investors should watch upcoming U.S. inflation data for clues on Federal Reserve policy changes.
Conclusion
Mantle’s near-term price depends on whether demand from Bybit’s integration can overcome broader economic challenges. Success in the hackathon could help maintain momentum in the medium term. A price move above $1.74 (50-day EMA) might indicate recovery, while falling below $1.56 (Fibonacci 78.6%) could lead to further declines. Will Mantle’s growing exchange utility be enough to offset tightening crypto market liquidity?
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What are people saying about MNT?
The Mantle (MNT) community is excited about its Layer 2 (L2) growth and partnerships with exchanges, but some concerns about overreach remain. Here’s the latest:
- Integration with Bybit exchange boosts hopes for Mantle to gain utility similar to Binance Coin (BNB)
- Price targets around $2 face worries about centralization
- Increased staking is reducing available supply while large holders accumulate
In-Depth Look
1. Bybit Partnership Sparks Optimism
@raremints_ points out that Mantle’s path looks similar to BNB’s early days, offering fee discounts, VIP perks, and exposure to Bybit’s huge daily trading volume (over $30 billion).
This is positive for Mantle because when a cryptocurrency is integrated into a major exchange’s ecosystem, demand usually rises. For example, BNB’s price jumped 472% after Binance added it to their platform. Since Bybit leads in spot derivatives trading, this could create steady demand for MNT.
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2. Layer 2 Growth Could Push Price Higher
@MrMinNin highlights Mantle as a strong candidate for L2 expansion, noting a surge in large transactions by whales (big investors). He suggests a price target of $2.50 if the total value locked (TVL) in Mantle stays around $2 billion, with $1.40 as a key support level.
This is encouraging if demand for Ethereum scaling solutions continues. However, Mantle’s own TVL is currently $244 million, much lower than the $1.84 billion in bridged Ethereum assets, which means Mantle depends heavily on cross-chain activity—a potential risk.
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3. Staking Growth Brings Supply Tightening but Centralization Concerns
@btcdemonx warns that while 69% of Mantle’s tokens are staked—reducing the amount available for trading—almost half (47.8%) of the tokens are controlled by the Mantle Treasury. This raises fears about centralization and potential governance risks.
This could be a downside because if the treasury or DAO (Decentralized Autonomous Organization) changes token rules unexpectedly, it might trigger selloffs.
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Conclusion
Overall, sentiment around Mantle is cautiously optimistic. The partnership with Bybit and growing L2 adoption are strong positives, but the risks from token concentration and supply control can’t be ignored. Keep an eye on the $1.40 to $1.50 price range—holding this level could support a move toward $2 or higher, while falling below might highlight the risks from the large treasury holdings. For those focused on L2 technology, Mantle’s EigenDA-powered platform remains an attractive option.
What is the latest news about MNT?
Mantle is navigating market ups and downs with smart strategies and a new hackathon launch. Here’s the latest:
- Bybit Adds Mantle Derivatives (October 22, 2025) – MNT futures and options are now available on Bybit, improving trading activity.
- Global Hackathon Launch (October 22, 2025) – A $150,000 prize pool encourages developers to build on Mantle.
- Price Drops Amid U.S.-China Trade Tensions (October 22, 2025) – MNT’s price fell 10% as trade worries shook the market.
In-Depth Look
1. Bybit Adds Mantle Derivatives (October 22, 2025)
What happened: Bybit, a major crypto exchange, introduced futures and options contracts for Mantle (MNT) on October 20–21. These contracts let traders bet on MNT’s price using USDT (a stablecoin). This move puts MNT alongside popular coins like XRP and DOGE. The exchange highlighted Mantle’s growing use in decentralized finance (DeFi) as a reason for this addition. The options are European-style, meaning they can only be exercised at expiration, with daily and weekly expiration dates. This setup appeals to institutional traders looking to manage risk.
Why it matters: Adding derivatives can increase liquidity (how easily you can buy or sell MNT) and attract more experienced traders. But derivatives can also increase price swings. After launch, open interest (the total number of active contracts) dropped by 6.75%, showing traders are cautious at first. (Bitcoin.com)
2. Global Hackathon Launch (October 22, 2025)
What happened: Mantle kicked off a 5-month global hackathon running from October 22 to February 7. Developers compete for $150,000 in prizes across six categories focused on practical blockchain applications. Judges include experts from Trustless State and Notaciccap, with Bybit partnering to support the event.
Why it matters: This hackathon aims to boost innovation and grow the Mantle ecosystem. However, on the first day of the event, MNT’s price dropped 10%, reflecting broader market weakness. The real impact depends on whether winning projects gain traction after the hackathon. (CoinJournal)
3. Price Drops Amid U.S.-China Trade Tensions (October 22, 2025)
What happened: MNT’s price fell 10% within 24 hours (October 21–22) after news that the U.S. planned to impose a 155% tariff on Chinese goods. This sparked a selloff across the crypto market. Liquidations (forced sales) totaled $619 million, with MNT among the hardest-hit Layer-2 tokens.
Why it matters: Although technical indicators suggest MNT might be oversold and due for a bounce, broader economic concerns are weighing heavily. On the positive side, MNT’s monthly active user addresses grew by 56%, showing increasing community engagement. (The Defiant)
Conclusion
Mantle is pushing forward with new tools and developer events, but global trade tensions are causing market uncertainty. While derivatives and hackathons add value, geopolitical risks are creating headwinds. The key question: can developer enthusiasm help Mantle overcome broader market fears?
What is expected in the development of MNT?
Mantle is making steady progress with several key projects on the horizon:
- UR Neobank Global Launch (Q4 2025–Q1 2026) – Expanding the ability to use both cryptocurrencies and traditional money through virtual and physical cards.
- Mantle Index Four (MI4) Full Integration (2026) – A tokenized crypto investment fund combining traditional finance and decentralized finance returns.
- FBTC Cross-Chain Expansion (Ongoing) – Bringing a Bitcoin-based yield-generating token to new blockchain networks like Solana and SUI.
- MantleX AI Tools (Q4 2025) – Using artificial intelligence to improve liquidity and returns in decentralized finance.
In-Depth Look
1. UR Neobank Global Launch (Q4 2025–Q1 2026)
What it is: UR is Mantle’s main crypto banking app that lets users manage both regular money and cryptocurrencies in one account. It supports salary payments in crypto and allows spending worldwide with Mastercard. The beta version came out in mid-2025, with plans to roll out physical cards and support multiple currencies by the end of 2025 (Mantle Team).
Why it matters: This could be a big win for Mantle (MNT) because making it easy to use crypto alongside regular money can attract everyday users, increasing transactions and demand for $MNT to pay transaction fees. However, there are risks like regulatory challenges when dealing with international financial services.
2. Mantle Index Four (MI4) Full Integration (2026)
What it is: MI4 is a $400 million tokenized fund backed by Mantle’s treasury. It tracks major cryptocurrencies like Bitcoin (50%), Ethereum (26.5%), Solana (8.5%), and includes staked assets. In 2026, MI4 will be fully integrated into UR’s automatic investment feature, letting users earn compound returns (Mantle Team).
Why it matters: This is somewhat positive news. MI4 could attract institutional investors, but its success depends on stable markets and Mantle’s ability to offer competitive returns compared to other funds like Bitwise.
3. FBTC Cross-Chain Expansion (Ongoing)
What it is: FBTC is a wrapped version of Bitcoin that generates yield (earnings) natively. After success on Ethereum-compatible blockchains, it’s now expanding to Solana and SUI, which use different technology. This aims to bring Bitcoin-focused liquidity to more platforms (Mantle Q2 2025 Update).
Why it matters: This is promising because it could strengthen Mantle’s position in Bitcoin-related decentralized finance. However, there are technical challenges in connecting different blockchain systems.
4. MantleX AI Tools (Q4 2025)
What it is: MantleX will use AI to gather data and improve strategies for liquidity and yield farming (earning returns by providing assets to DeFi platforms). It aims to reduce losses from price changes during trades (slippage). Partnerships with AI projects are expected by late 2025 (Mantle Team).
Why it matters: This is cautiously optimistic. AI could give Mantle an edge in decentralized finance, but success depends on showing clear benefits to users.
Conclusion
Mantle is focusing on practical uses of crypto with banking services (UR), investment products (MI4), and expanding across blockchains. This positions Mantle as a bridge between traditional finance and decentralized finance. The success of this roadmap depends on how well users adopt UR and how smoothly the technical parts come together.
How will Mantle’s hybrid finance approach affect its competition with Ethereum Layer 1 and other Layer 2 solutions?
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What updates are there in the MNT code base?
Mantle’s latest updates focus on improving scalability, security, and compatibility with Ethereum.
- Rollup & Data Availability Improvements (Aug 25, 2025) – Faster transaction processing and better data handling.
- Mainnet Skadi Fork (Aug 27, 2025) – Full support for Ethereum’s Prague upgrade and faster zero-knowledge proof (ZKP) generation.
- Security Enhancements (Aug 25, 2025) – Fixed critical vulnerabilities and improved key protection.
Deep Dive
1. Rollup & Data Availability Improvements (Aug 25, 2025)
What happened: The v0.4.3 update separated how Layer 1 (Ethereum) and Layer 2 (Mantle) handle processing times and improved integration with EigenDA, a data availability solution. This update adjusts Layer 1 overhead in real-time based on how much the rollup can handle, reducing transaction fees by about 15% during heavy network use. It also improved software development kit (SDK) support for working across multiple blockchains.
Why it matters: Lower fees and faster transactions during busy times make Mantle more attractive for decentralized finance (DeFi) apps that need to process many transactions quickly. (Source)
2. Mainnet Skadi Fork (Aug 27, 2025)
What happened: The v1.3.2 update made Mantle fully compatible with Ethereum’s Prague upgrade, which includes changes to staking rules (EIP-7251). It also introduced a new API called optimism_safeHeadAtL1Block that speeds up zero-knowledge proof generation by about 40%.
Why it matters: While this update doesn’t have an immediate big impact, it keeps Mantle aligned with Ethereum’s roadmap, making it easier for developers to use Ethereum tools on Mantle. The faster ZKP generation lays the groundwork for future privacy features. (Source)
3. Security Enhancements (Aug 25, 2025)
What happened: The v0.4.3 update fixed 19 security issues found by ConsenSys audits, including serious problems with signature verification. It also added passphrase protection for seed generation, which helps secure private keys.
Why it matters: These fixes prevent potential attacks like fake block submissions and improve key management. This is especially important as Mantle grows into markets involving real-world assets (RWA), where security is critical. (Source)
Conclusion
Mantle’s third-quarter 2025 updates show a clear focus on strengthening security for business use while enhancing performance and compatibility with Ethereum’s evolving technology. The Skadi fork makes Mantle one of the first Layer 2 networks to support Ethereum’s post-Prague upgrades, and the EigenDA improvements suggest Mantle is targeting data-heavy applications like gaming.
Key question: Can Mantle’s modular design keep it ahead of more traditional Layer 2 solutions when adopting future Ethereum upgrades like Verkle trees?