Bubble
Mantle MNT
Mantle (MNT) was trading at $0.4236, ranked #46 by market cap at $1.40B, with 24h volume of $30.00M.
Data snapshot: 2026-07-22 18:00 UTC.
Mantle is an Ethereum Layer-2 scaling network, originally incubated by BitDAO, that combines rollup technology with its own token to lower transaction costs while inheriting Ethereum's security. It also maintains a treasury-funded ecosystem fund to support projects building on the network. Mantle is a rollup with an unusually large treasury, inherited from its origins in an established DAO, and it has used that balance sheet actively — funding ecosystem projects and issuing its own liquid staking and yield products rather than only providing block space. It separates data availability from execution, using a dedicated layer for data rather than posting everything to Ethereum, which lowers costs. On this map MNT is a Layer 2 token whose value has been discussed as much in terms of treasury backing as of network fees, which is not typical for the group.
What makes Mantle unusual among rollups?
It controls a very large treasury inherited from its DAO origins and deploys it into ecosystem funding and its own financial products, rather than relying on block-space revenue alone.
How does Mantle keep fees low?
It uses a separate data-availability layer instead of posting all transaction data to Ethereum, which is the largest cost component for most rollups.
What is MNT used for?
It pays network fees and is used in governance of the treasury and protocol.
Is a large treasury a valuation floor?
Not automatically. Treasury assets are controlled by governance, and how much of that value accrues to token holders depends on decisions that have not been made in advance.
Market cap decides how big a bubble is drawn, so rank is what places MNT on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #46 | Mantle (MNT) | $1.40B |
| #67 | Polygon Ecosystem Token (POL) | $763.49M |
| #94 | Arbitrum (ARB) | $538.37M |
| #289 | Plume (PLUME) | $89.37M |
| #384 | Linea (LINEA) | $61.13M |