Mantle

Mantle is a layer-two network that processes transactions in batches outside the Ethereum mainnet and posts the results to Ethereum. The project took its current form in 2023 when the BitDAO community merged under the Mantle brand; in this process, BIT tokens were converted into MNT. MNT is the gas token of Mantle Network and the governance token of the ecosystem.

Mantle has a modular architecture: transaction execution, data availability and settlement components are handled by separate solutions. Because the network is EVM-compatible, Ethereum applications can be ported with minor changes. Users pay transaction fees on the network in MNT, while token holders can submit and vote on proposals about treasury use and protocol changes through Mantle governance. The ecosystem also includes Mantle-branded financial products such as the liquid staking product mETH.

The value of MNT may change with factors such as transaction volume and the amount of locked assets on the network, the size of the treasury and how it is used, token unlocks and competition with other layer-two networks. The Mantle page on Lzzo.com uses DefiLlama's US dollar reference price; the historical price chart is also generated from the same provider's historical data.