What could affect the price of MNT?
Mantle’s price depends on how well it integrates with exchanges, grows its ecosystem, and how willing investors are to take risks in the market.
- Bybit Utility Expansion – Strong integration with Bybit could drive growth similar to Binance Coin (BNB).
- Token Supply Changes – Lower supply from token burns versus potential increases from unlocking tokens could cause price swings.
- ZK Rollup Adoption – Improved scalability might attract big investors and projects.
Deep Dive
1. Bybit’s MNT Integration (Positive Outlook)
Overview: Bybit, a major crypto exchange, has integrated Mantle’s token (MNT) into its platform, including futures, options, and VIP programs. MNT holders get fee discounts—25% off spot trades and 10% off derivatives. Since Bybit handles over $30 billion in daily trading volume, this integration directly boosts demand for MNT. A joint roadmap plans to add 20+ MNT spot trading pairs and improve collateral options by early 2026.
What this means: If MNT captures just 1% of Bybit’s daily volume, that’s about $300 million in buying pressure. This could support the token’s price, similar to how Binance Coin (BNB) surged over 2,800% between 2019 and 2021 thanks to exchange-driven demand.
2. Token Supply Dynamics (Mixed Impact)
Overview: A recent proposal (MIP-23) burned 3 billion MNT tokens, reducing the total supply to about 6.22 billion. However, 3.05 billion tokens remain in the Mantle Treasury, with future releases controlled by community votes (DAO). The current circulating supply is 3.17 billion but could increase by roughly 50% if many tokens are unlocked quickly.
What this means: The token burns and staking options (like mETH) help create scarcity, which supports price. But if the DAO approves large token unlocks (over 500 million at once), it could lead to selling pressure and price drops. Smaller, steady releases (under 100 million per month) are more likely to keep prices stable.
3. ZK Rollup Momentum (Positive Outlook)
Overview: Mantle’s upgrade in September 2025 introduced a ZK validity rollup, cutting withdrawal times from 7 days to just 1 hour. This faster processing meets the needs of institutional investors. The total value locked (TVL) on Mantle has grown to over $2 billion, making it the largest ZK rollup network (source).
What this means: Faster transaction finality and compatibility with Ethereum make Mantle attractive for projects involving real-world assets (RWA). Its transaction fees are much lower ($0.002) compared to competitors like Starknet and zkSync ($0.02–$0.05), giving Mantle a competitive edge.
Conclusion
Mantle’s price will depend on balancing strong demand from exchange use against potential token unlocks and competition from other Layer-2 solutions. If the price breaks above $2.22 (the 38.2% Fibonacci retracement level), it could signal a bullish trend. But if it falls below $1.56 (78.6% Fib), a 30% price correction is possible. The key question: Will Bybit’s integration drive demand faster than tokens are unlocked? Keep an eye on weekly exchange inflows and DAO treasury decisions.
What are people saying about MNT?
The Mantle (MNT) community is discussing its potential to grow like Binance Coin (BNB) but also raising concerns about token supply risks. Here’s what’s trending:
- Modular Layer 2 (L2) excitement could push the price to $2.50 if on-chain activity keeps growing
- Bybit exchange integration boosts real-world use, drawing bullish comparisons to BNB’s rise
- Staking increase limits token selling but heavy control by the DAO treasury raises centralization worries
In-Depth Look
1. Modular L2 Growth Points to $2.50 — Bullish Signal
@MrMinNin reports a 56% monthly increase in active users and a tenfold jump in large transactions. If the Layer 2 technology story continues, $MNT could rise 40-60% to between $2.20 and $2.50.
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What this means: More users and big investors getting involved suggest confidence in Mantle’s modular tech. Watch the $1.65 price level as a key support to confirm this trend.
2. Bybit Partnership Drives Utility Like BNB — Bullish Signal
@raremints_ highlights that $MNT now offers fee discounts and VIP perks on Bybit, similar to how BNB gained value through exchange utility in 2019.
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What this means: Real use cases on a major exchange with over $30 billion in daily trading volume could increase demand for $MNT and support token burning, which reduces supply.
3. Staking Growth vs. DAO Control — Mixed Outlook
@btcdemonx points out that 69% of $MNT is staked, which lowers selling pressure. However, the Mantle Treasury holds nearly 48% of all tokens, creating a risk of centralized control.
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What this means: While staking helps stabilize price, the large token share held by the DAO treasury could lead to governance or regulatory challenges.
Conclusion
Overall, the outlook for $MNT is cautiously optimistic. Its Layer 2 technology and growing utility are promising, but supply concentration remains a concern. Watch the $1.40 to $1.65 price range for stability. A clear move above $1.85 could confirm the bullish case comparing it to BNB’s growth. Also, keep an eye on Mantle’s upcoming Real-World Asset (RWA) projects launching this week, which could signal wider adoption.
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What is the latest news about MNT?
Mantle is gaining momentum in its ecosystem while managing market ups and downs. Here are the latest updates:
- Bybit Derivatives Expansion (October 22, 2025) – Mantle (MNT) futures and options are now available on Bybit, increasing trading options amid growing interest from institutional investors.
- Global Hackathon Launch (October 22, 2025) – A five-month developer competition kicks off to improve Mantle’s DeFi and Real-World Asset (RWA) tools, with $150,000 in rewards.
- State of Mind Event Preview (October 20, 2025) – An upcoming AMA will cover collaborations with Bybit and plans for RWA development.
Deep Dive
1. Bybit Derivatives Expansion (October 22, 2025)
Overview: On October 20, Bybit added Mantle (MNT) to its lineup of USDT-margined futures and options, following similar launches for XRP and DOGE. This lets traders bet on MNT’s price without owning the token, with options that expire weekly or monthly.
What this means: This is a positive sign for Mantle. Derivatives like futures and options increase market activity and attract experienced traders. Bybit’s large daily trading volume (over $30 billion) could bring more investment into MNT. However, more leverage can also lead to bigger price swings, as seen by a slight drop in open interest after launch. (Bitcoin.com)
2. Global Hackathon Launch (October 22, 2025)
Overview: Mantle started a five-month online hackathon running from October 22 to February 7. The competition has six focus areas, including DeFi, Real-World Assets, and infrastructure development. Judges include representatives from VC firm Trustless State and developer 0xTodd from EigenLayer.
What this means: This event is cautiously optimistic for Mantle. While hackathons don’t always produce ready-to-use apps, the $150,000 prize pool and developer grants could help grow Mantle’s total value locked (TVL), which currently stands at $2 billion bridged plus $244 million native. The key to success will be supporting projects after the hackathon ends. (CoinJournal)
3. State of Mind Event Preview (October 20, 2025)
Overview: Mantle announced a Twitter Spaces event on October 23 featuring Bybit’s product team. The discussion will cover upgrades to MNT’s utility, integration of Real-World Assets, and progress on the UR fintech app.
What this means: This is good news for community sentiment. Coordinated updates with Bybit, Mantle’s main exchange partner, show stronger product alignment. However, MNT’s price dropped 10% after the announcement, reflecting broader weakness in the Layer 2 sector. This suggests that positive news needs to be backed by real adoption to maintain momentum. (Mantle)
Conclusion
Mantle’s recent developments highlight strategic partnerships with centralized exchanges and ongoing ecosystem growth. Still, challenges remain as Bitcoin’s dominance at 59% limits altcoin gains. With new derivatives, hackathon-driven projects, and Real-World Asset initiatives, Mantle’s success will depend on turning these efforts into lasting growth in total value locked.
What is expected in the development of MNT?
Mantle’s roadmap is all about connecting traditional finance (TradFi) with decentralized finance (DeFi) by offering professional-grade products. Here are the key upcoming milestones:
- UR Global Expansion (Q4 2025–Q1 2026) – Launching UR, a crypto-focused neobank, worldwide with both physical and virtual cards.
- Non-EVM Chain Deployments (Q4 2025) – Bringing Mantle’s yield-generating assets FBTC and mETH to new blockchain networks like Solana and SUI.
- Bybit Options Trading (2025) – Introducing options trading for Mantle’s token (MNT) alongside over 20 spot trading pairs on Bybit.
- MantleX AI Tooling (2026) – Using artificial intelligence to improve liquidity management and investment strategies.
- MI4 Integration (2026) – Adding the tokenized Mantle Index Four (MI4) fund into UR for automatic investment allocations.
Deep Dive
1. UR Global Expansion (Q4 2025–Q1 2026)
Overview:
UR is Mantle’s crypto-first digital bank that started beta testing in mid-2025. It will soon launch globally, offering users both physical and virtual debit cards. UR combines traditional currency (fiat) and cryptocurrencies in one account, allowing users to receive paychecks, automatically invest in the MI4 fund, and access credit lines backed by crypto assets like mETH and FBTC.
What this means:
This is positive news for MNT because UR makes it easier for everyday people to use crypto, which could increase activity on the Mantle network and boost demand for MNT as a utility token used to pay transaction fees. However, regulatory challenges in different countries could slow down or limit this expansion.
2. Non-EVM Chain Deployments (Q4 2025)
Overview:
Mantle plans to expand its yield-bearing token FBTC beyond Ethereum-compatible blockchains (EVM chains) to other popular networks like Solana and SUI. This builds on its current presence on EVM chains such as Berachain and Sonic.
What this means:
This move is somewhat positive because expanding to multiple blockchains can increase the total value locked (TVL) in FBTC, which currently stands at around $1.2 billion. However, spreading resources across different blockchains might reduce focus on Mantle’s core Ethereum-compatible ecosystem. The success of this strategy depends on how popular DeFi becomes on Solana and SUI.
3. Bybit Options Trading (2025)
Overview:
Mantle is partnering with Bybit, a major cryptocurrency exchange with over $30 billion in daily trading volume, to launch options trading for MNT. This will complement the existing 20+ spot trading pairs for MNT on Bybit. You can see more details in their joint roadmap.
What this means:
This is a positive development because options trading can increase liquidity and help stabilize MNT’s price. However, options and other derivatives often involve leverage, which can lead to bigger price swings during market downturns.
4. MantleX AI Tooling (2026)
Overview:
MantleX will introduce AI-powered tools designed to optimize liquidity and yield strategies. This includes partnerships for better data and developer tools to build AI-driven decentralized applications (dApps).
What this means:
While still speculative, this could be a big win if done right. AI-driven finance tools might attract institutional investors looking for smarter ways to manage assets. The main challenges will be ensuring high-quality data and hiring skilled AI developers.
5. MI4 Integration (2026)
Overview:
The Mantle Index Four (MI4) is a $400 million tokenized fund that provides exposure to major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). MI4 will be integrated into UR, allowing users to automatically allocate funds into this diversified portfolio. This blends traditional fund management with DeFi yield opportunities.
What this means:
This is positive for MNT’s utility because MI4’s on-chain features could increase demand for MNT as collateral within the ecosystem. However, since MI4 is tied to crypto markets, MNT’s performance will also be influenced by overall market trends.
Conclusion
Mantle is focusing heavily on attracting institutional users by expanding UR globally, supporting multiple blockchains, and offering structured investment products like MI4. These efforts could strengthen MNT’s position as a bridge between traditional finance and DeFi. However, the success of these initiatives depends on how well users adopt them and how regulatory environments evolve. Will Mantle’s compliance-first approach help it lead the race in real-world asset (RWA) integration?
What updates are there in the MNT code base?
Mantle’s recent updates focus on zero-knowledge (ZK) technology, cross-chain compatibility, and building infrastructure suitable for large institutions.
- ZK Rollup Upgrade (September 17, 2025) – Mantle switched to Optimism’s OP Stack combined with Succinct’s ZK proofs.
- LayerZero Integration (August 30, 2025) – Users can now move Mantle tokens (MNT) seamlessly between Ethereum and HyperEVM using Omnichain Fungible Tokens.
- Succinct Prover Network Launch (August 6, 2025) – Improved network speed and lowered costs by using a specialized zero-knowledge proof system.
Deep Dive
1. ZK Rollup Upgrade (September 17, 2025)
What happened: Mantle moved to a new technology called a ZK rollup, using Optimism’s OP Stack and Succinct’s zero-knowledge proofs. This makes Mantle the largest ZK rollup by total value locked (TVL), surpassing $2 billion. The upgrade changes how transactions are verified—from a slower, optimistic method to a faster, zero-knowledge method.
Why it matters: Zero-knowledge proofs allow transactions to be processed more quickly and cheaply, while still keeping the same high security as Ethereum. This makes Mantle a strong platform for decentralized finance (DeFi) and real-world asset (RWA) projects that need fast and secure processing. (Source)
2. LayerZero Integration (August 30, 2025)
What happened: Mantle added support for LayerZero’s Omnichain Fungible Token (OFT) standard. This lets users transfer MNT tokens directly between Ethereum and HyperEVM without needing to convert or “wrap” the tokens.
Why it matters: This simplifies moving tokens across different blockchains, which can reduce fees and slippage (price changes during transfer). While this is a positive step, its impact depends on how widely HyperEVM is adopted. It could attract more users to Mantle’s ecosystem. (Source)
3. Succinct Prover Network Launch (August 6, 2025)
What happened: Mantle partnered with Succinct to create a dedicated network for generating zero-knowledge proofs faster and more efficiently.
Why it matters: Faster proof generation means the network runs more smoothly and costs less to use. This makes Mantle more competitive with other platforms like zkSync and is especially appealing to institutional users who need predictable transaction costs. (Source)
Conclusion
Mantle’s updates focus on making the platform faster and more scalable (ZK rollup), easier to use across different blockchains (LayerZero), and ready for large-scale, institutional use (Succinct prover). These improvements support Mantle’s goal of becoming a “Liquidity Chain” that attracts real-world asset projects. It will be interesting to see if developer activity and total value locked grow as these upgrades take hold.
Why did the price of MNT go up?
Mantle (MNT) increased by 6.54% in the last 24 hours, outperforming the overall crypto market, which rose by 1.03%. This growth was driven by three main factors: Bybit expanding its derivatives offerings, excitement around a new hackathon event, and a recovery after a recent selloff in the sector.
- Bybit Derivatives Expansion – MNT options and futures trading launched, attracting traders using leverage.
- Hackathon Momentum – A $150,000 prize hackathon started on October 22, boosting developer interest.
- Layer-2 Sector Recovery – MNT bounced back after dropping 10% earlier in the week.
Deep Dive
1. Bybit Derivatives Expansion (Positive Impact)
Overview:
On October 21–22, 2025, Bybit introduced MNT options and futures trading, adding Mantle to its USDT-margined derivatives products. This follows earlier additions of MNT to Bybit’s OTC trading, savings accounts, and collateral options in the fourth quarter.
What this means:
- Traders can now use derivatives to hedge or speculate on MNT with leverage, which increases trading activity and liquidity.
- Bybit handles over $30 billion in daily derivatives volume (The Defiant), which helps drive demand for MNT, similar to how Binance Coin (BNB) grew through exchange listings.
- Open interest in MNT options jumped 31% in October (Coinspeaker).
What to watch:
Options contracts expiring near $1.80–$2.00 could lead to increased price swings.
2. Hackathon-Driven Speculation (Mixed Impact)
Overview:
Mantle launched a five-month global hackathon on October 22, offering a $150,000 prize pool. The event focuses on projects in decentralized finance (DeFi), gaming, and real-world assets (RWA).
What this means:
- In the short term, such events often encourage speculative buying as investors anticipate growth in the Mantle ecosystem.
- However, if developer participation is low (submissions are due by January 15, 2026), market sentiment could turn negative.
- A similar hackathon collaboration with Bybit in September 2025 led to a 16% price increase for MNT (CoinJournal).
3. Sector Rotation & Technical Rebound (Neutral)
Overview:
MNT recovered from a 9.22% drop on October 22, which was part of a broader selloff in Layer-2 tokens triggered by U.S.-China trade tensions.
What this means:
- Buyers stepped in around $1.64, which corresponds to a key technical level known as the 61.8% Fibonacci retracement.
- Technical indicators are mixed: the MACD histogram is still negative (-0.042), suggesting weak momentum, but the RSI at 46 indicates there’s potential for upward movement.
Conclusion
Mantle’s recent price increase is mainly due to increased liquidity from Bybit’s derivatives offerings and speculative interest from the hackathon event. However, weak momentum signals and a market environment that favors Bitcoin over altcoins (BTC dominance: 59%) may limit further gains.
Key points to watch:
Will MNT stay above $1.75 (its 200-day moving average) and push toward $1.83 (a resistance level based on Fibonacci retracement)? Keep an eye on Bybit’s MNT derivatives trading volume and hackathon participation updates this week.