Mantle Network Price

Mantle Network is a Layer-2 scaling solution for Ethereum and enjoys EVM compatibility. It employs Optimistic rollups to bundle and execute transactions off-chain while settling them on the Ethereum main chain. This technology allows Mantle to process transactions more cheaply and quickly than Ethereum's mainnet while still leveraging the security of Ethereum's well-established network.

The Mantle Network aims to provide a scalable, efficient, and secure framework for applications and transactions on the Ethereum network, addressing some limitations like high costs and slower transaction speeds associated with the main Ethereum blockchain.

The Mantle Network utilizes a modular design, which separates transaction execution, data availability, and transaction finality. This modular approach aids in improving user experience without compromising on security and decentralization. It also includes the integration of EigenLayer, a protocol that enhances data availability and allows staked ETH to be utilized elsewhere.

The Mantle token MNT serves as both the product and governance token within the ecosystem, underscoring its role in the network's operational and governance aspects​.

Here’s an overview of how the Mantle Network works:

Ethereum Layer-2 Scaling Solution

Mantle Network operates atop the Ethereum blockchain, providing a secondary layer where transactions can be processed more efficiently than on Ethereum's mainnet (Layer 1). This setup allows for faster and more cost-effective transactions while still leveraging the security and decentralization of the Ethereum network​.

EVM Compatibility

Being compatible with the Ethereum Virtual Machine (EVM) means Mantle Network can seamlessly interact with the Ethereum ecosystem. This compatibility is essential for the network's ability to support a wide range of decentralized applications (dApps) and smart contracts that are designed for Ethereum​.

Optimistic Rollups

One of the core technologies Mantle Network employs is Optimistic rollups. This method involves bundling numerous transactions together, processing them off-chain (outside of the Ethereum mainnet), and settling the final state of these transactions on-chain. This approach significantly speeds up transaction processing and reduces costs compared to processing each transaction individually on the Ethereum mainnet.

Mantle Network’s Modular Architecture

Mantle Network utilizes a modular architecture, which effectively breaks down blockchain operations into separate components, such as transaction execution, data availability, and transaction finality. This modularity helps in improving the network's efficiency and user experience. It also integrates EigenLayer, enhancing data availability and allowing more versatile use of staked ETH​.

Support for On-Chain Settlements

Despite the off-chain processing of transactions, all transactions on Mantle Network ultimately settle on the Ethereum mainnet. This ensures that the security and robustness of the Ethereum blockchain underpin Mantle's operations while providing scalability through off-chain processing​.

Mantle Network is a high-performance Ethereum Layer-2 protocol developed by BitDAO, which is one of the largest decentralized autonomous organizations (DAOs). The network aims to facilitate the mass adoption of decentralized and token-governed technologies by combining a separate decentralized data availability layer with Ethereum roll-ups.

The founders of Mantle Network are anonymous. However, BitDAO, the organization behind Mantle, was launched by the co-founders of the centralized exchange Bybit, Daniel Yan and Ben Zhou, in June 2021​.

Mantle Network's testnet went live on January 10, 2023. After a six-month testnet period, during which the network demonstrated its stability and performance, the Mantle Network Mainnet Alpha was launched on July 17, 2023.

The roadmap for Mantle Network includes different network components and actions on both Layer 2 and Layer 1 for its initial mainnet version and potential implementations considered for future mainnet upgrades.

During its testnet phase, Mantle Network processed over 14 million transactions, deployed more than 140,000 smart contracts, and engaged a significant number of developers and unique wallet addresses. The network is integrated with the Mantle DA data availability solution powered by EigenDA technology.

Mantle focuses on a developer-first mindset and has hosted numerous hackathons, resulting in hundreds of project submissions. Additionally, the Mantle Grants Program and the $200M Mantle Ecosystem Fund are in place to support ecosystem development.

MNT, the native token of the Mantle Network ecosystem, has the following use cases:

Governance Token of Mantle Network

Mantle Network uses the MNT token as a governance token, allowing token holders to participate in decision-making processes. This could include voting on proposals related to the development and direction of the network, protocol changes, or other significant decisions impacting the network.

Pay Gas Fees

$MNT is used to pay gas fees on the Layer-2 Mantle Network. The transaction costs on Mantle Network are lower than those on other L2 networks that use ETH as their gas token.

Utility Token of Mantle Network

$MNT tokens can serve as collateral assets for nodes on the Mantle Network. This can incentivize participation in the network and improve its security and stability.

Trade MNT Token on KuCoin

Trade Mantle Network crypto on the KuCoin Spot Market against other cryptos to make the most of changing market conditions and volatility. Buy or sell MNT or hold it long-term if you believe in the future potential of the Mantle Network. Remember to DYOR before investing in any token in the crypto market.