{"id":7008,"date":"2025-05-22T15:00:54","date_gmt":"2025-05-22T14:00:54","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=7008"},"modified":"2025-05-22T15:00:56","modified_gmt":"2025-05-22T14:00:56","slug":"mantle-mnt-guide","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/learn\/crypto\/mantle\/","title":{"rendered":"Mantle (MNT) in 2026 : Full Guide, Use Cases & How It Works"},"content":{"rendered":"\n
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What is Mantle (MNT) ?<\/strong><\/h2>\n\n\n\n

Mantle (MNT)<\/strong> is a Layer 2 (L2) blockchain ecosystem for Ethereum<\/a>, designed to offer high performance and low latency while maintaining the security of the Ethereum network<\/strong>. It is the result of the rebranding of BitDAO<\/strong>, one of the largest decentralized autonomous organizations (DAOs) by treasury size. This transition, formalized in July 2023<\/strong>, saw the BIT<\/strong> token converted to the MNT<\/strong> token at a 1:1 ratio.<\/p>\n\n\n

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Mantle Network<\/strong> positions itself as a modular scaling solution for Ethereum, using an optimistic roll-up approach with a separate data availability architecture, initially via Mantle DA (powered by EigenLayer’s EigenDA technology).<\/p>\n\n\n\n

The goal of Mantle<\/strong> is to make Ethereum more accessible and higher-performing for developers and users by reducing transaction costs and increasing throughput. The MNT<\/strong> token is at the heart of this ecosystem, serving both as a governance token for the Mantle<\/strong> ecosystem (inheriting the governance role of the former BitDAO<\/strong> treasury) and as a utility token within Mantle Network<\/strong> (for example, for gas fee payments).<\/p>\n\n\n\n

The Mantle<\/strong> treasury, formerly that of BitDAO<\/strong>, continues to play a crucial role in funding and developing the Mantle<\/strong> ecosystem and broader Web3<\/strong> projects.<\/p>\n\n\n\n

The History of BitDAO and Its Transition to Mantle<\/strong><\/h3>\n\n\n\n

The history of Mantle (MNT)<\/strong> is intrinsically linked to that of BitDAO<\/strong>, the entity that preceded it. BitDAO<\/strong> was officially launched in 2021<\/strong>, quickly positioning itself as a substantial decentralized autonomous organization (DAO) thanks to its significant treasury.<\/p>\n\n\n

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The project attracted attention with an initial funding round of $230 million<\/strong>, led by Pantera Capital<\/strong> and supported by renowned investors such as Peter Thiel<\/strong> and Alan Howard<\/strong>, as well as entities like Polygon<\/strong>, Jump Capital<\/strong>, and especially Bybit<\/strong>, which became a major strategic partner. Shortly after, the public launch of the BIT<\/strong> governance token via MISO (SushiSwap’s launchpad) raised an additional $365 million<\/strong>, consolidating the treasury and expanding the BitDAO<\/strong> community.<\/p>\n\n\n\n

During its existence, BitDAO<\/strong> focused on funding projects and initiatives aimed at accelerating innovation in the Web3<\/strong> ecosystem, allocating considerable funds to projects such as EduDAO<\/strong>, Game7<\/strong>, and zkDAO<\/strong>. Governance was ensured by BIT<\/strong> token holders. However, to better align the brand with its technological ambitions and the creation of a unified ecosystem around its own Layer 2 network, the BitDAO<\/strong> community voted in favor of a major rebranding.<\/p>\n\n\n\n

This transition was formalized in July 2023<\/strong>, marking the transformation of BitDAO<\/strong> into Mantle<\/strong>. The process involved converting all BIT<\/strong> tokens to MNT<\/strong> tokens at a 1:1 ratio. Bybit’s<\/strong> announcement dated June 22, 2023<\/strong> detailed the platform’s support for this conversion, with a snapshot of BIT<\/strong> holdings taking place on July 17, 2023<\/strong>, followed by an automatic conversion to MNT<\/strong>.<\/p>\n\n\n

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This rebranding was not just a name change but a strategic evolution aimed at unifying governance, treasury, and the main product (Mantle Network) under a single coherent brand, Mantle<\/strong>, to foster increased growth and adoption.<\/p>\n\n\n\n

Who Created Mantle (MNT) ?<\/strong><\/h3>\n\n\n\n

Like its predecessor BitDAO<\/strong>, Mantle (MNT)<\/strong> does not have a single “creator” in the traditional sense of a centralized company. As a decentralized ecosystem, its direction and governance are collectively ensured by MNT<\/strong> token holders through Mantle Governance<\/strong>. However, the initial impetus for BitDAO<\/strong>, which laid the foundations for what is now Mantle<\/strong>, came from a consortium of influential players in the world of finance and blockchain technology.<\/p>\n\n\n\n

Among the main initiators and supporters of the BitDAO<\/strong> phase were Pantera Capital<\/strong>, a leading investment firm in digital assets. Personalities such as Peter Thiel<\/strong> (co-founder of PayPal) and Alan Howard<\/strong> also provided their support. Specialized entities such as Polygon<\/strong> and Jump Capital<\/strong> also played a decisive role, but particularly strategic support came from Bybit<\/strong>. One of the largest cryptocurrency exchange platforms<\/a>, which had committed to making a significant contribution to the treasury.<\/p>\n\n\n\n

The transition to Mantle<\/strong> was a community decision, voted on by BIT<\/strong> token holders, underlining the decentralized nature of its strategic direction. The Mantle<\/strong> ecosystem continues to be shaped by its community and the partners who contribute to its development and growth.<\/p>\n\n\n\n

What is Mantle (MNT) Used For ?<\/strong><\/h2>\n\n\n\n

The Mantle (MNT)<\/strong> token, at the heart of the Mantle<\/strong> ecosystem, fulfills several crucial functions, inheriting and extending the utilities of the former BIT<\/strong> token while deeply integrating with Mantle Network<\/strong>.<\/p>\n\n\n\n

Its primary function is as a governance token<\/strong>. MNT<\/strong> holders have the power to actively participate in strategic decisions regarding the Mantle<\/strong> ecosystem, including the allocation of treasury funds, network upgrades, and future directions for various products and initiatives.<\/p>\n\n\n

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Beyond governance, MNT<\/strong> is an essential utility token<\/strong> within Mantle Network<\/strong>, the Layer 2 solution. It is used to pay for gas fees<\/strong> (transactions) on the network. This direct use as “fuel” incentivizes its holding and use by users and developers who interact with decentralized applications (dApps<\/strong>) deployed on Mantle Network<\/strong>.<\/p>\n\n\n\n

Additionally, the MNT<\/strong> token plays a role in securing and operating<\/strong> certain components of the ecosystem. For example, it could be used in staking or delegation mechanisms for network validators or sequencers, thus contributing to its robustness and decentralization.<\/p>\n\n\n\n

The Mantle<\/strong> ecosystem aims to foster the growth of innovative projects in Web3<\/strong>, and the MNT<\/strong> token, along with the treasury it governs, are key instruments for funding and supporting these developments, whether in DeFi<\/strong>, gaming<\/strong>, NFTs<\/a><\/strong>, or other emerging sectors.<\/p>\n\n\n\n

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Discover $MNT on Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

Which Blockchain is MNT Token On ?<\/strong><\/h2>\n\n\n\n

The Mantle (MNT)<\/strong> token exists primarily as an ERC-20 token on the Ethereum blockchain<\/a><\/strong>. This ensures continuity for former BIT<\/strong> token holders and allows MNT<\/strong> to benefit from the vast compatibility of the Ethereum ecosystem, including wallets, decentralized exchanges (DEXs<\/em><\/strong>), and decentralized finance (DeFi) applications.<\/p>\n\n\n

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Secondly, and this is a key evolution with the rebranding, the MNT<\/strong> token is also the native token of Mantle Network<\/strong>, the Layer 2 (L2) solution developed by the ecosystem. On Mantle Network<\/strong>, MNT<\/strong> is used to pay for transaction fees (gas), participate in network security, and potentially for other L2-specific functionalities.<\/p>\n\n\n\n

Following the conversion of BIT<\/strong> tokens (ERC-20) to MNT<\/strong> tokens (ERC-20), users have been able to bridge their ERC-20 MNT<\/strong> tokens to Mantle Network<\/strong> to use them natively on the Layer 2.<\/p>\n\n\n

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This dual presence allows MNT<\/strong> to serve both treasury governance on Ethereum and utility operations on its own high-performance L2.<\/p>\n\n\n\n

The Rebranding of BitDAO (BIT) to Mantle (MNT) : Details and Implications<\/strong><\/h2>\n\n\n\n

The transformation of BitDAO (BIT)<\/strong> into Mantle (MNT)<\/strong>, formalized in July 2023<\/strong>, represents a major strategic evolution for the ecosystem. This decision, approved by the community of BIT<\/strong> token holders, aimed to unify the brand, governance, treasury, and main product.<\/p>\n\n\n

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\"bitdao<\/figure>\n<\/div>\n\n\n

The implications of this rebranding are multiple. For users and token holders, it meant a clarification of the ecosystem’s value proposition, now centered on Mantle Network<\/strong> and its capabilities as an L2. For the ecosystem itself, it allowed for the concentration of development and marketing efforts under a single banner, Mantle<\/strong>, with the MNT<\/strong> token serving both as a governance token for the entire ecosystem (including management of the treasury inherited from BitDAO<\/strong>) and as a utility token for operations on Mantle Network<\/strong> (payment of gas fees, participation in network security).<\/p>\n\n\n\n

This unification aims to create a more robust ecosystem that’s easier to understand and more attractive to developers, users, and potential investors in Web3<\/strong>.<\/p>\n\n\n\n

Advantages and Disadvantages of Mantle (MNT)<\/strong><\/h2>\n\n\n\n

The Mantle (MNT)<\/strong> ecosystem, heir to BitDAO<\/strong>, presents a set of advantages while facing certain challenges inherent to the cryptocurrency space<\/a> and Layer 2 solutions.<\/p>\n\n\n\n

The Advantages of Mantle (MNT) :<\/strong><\/h3>\n\n\n\n
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  1. Substantial Treasury :<\/strong> Mantle inherits BitDAO’s treasury, one of the largest in the DAO world, amounting to several billion dollars. This financial capacity allows it to fund the development of its ecosystem, invest in promising Web3 projects, and support community initiatives. Governance, now ensured by MNT holders, builds on BitDAO’s experience.<\/li>\n<\/ol>\n\n\n
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    1. High-Performance Layer 2 :<\/strong> Mantle Network is designed as a modular L2 for Ethereum, aiming to offer fast, cost-effective, and secure transactions. Its architecture, which includes a separate data availability layer (MantleDA with EigenLayer), seeks to solve the trilemma of scalability, security, and decentralization, making Ethereum more accessible.<\/li>\n\n\n\n
    2. Unified Ecosystem :<\/strong> The rebranding to Mantle has allowed for the consolidation of the brand and the alignment of treasury, governance, and the main technological product under a single identity. This promotes better recognition, clearer communication, and increased synergies within the ecosystem.<\/li>\n\n\n\n
    3. Support from Key Players :<\/strong> Mantle continues to benefit from the support of important strategic partners, such as Bybit, and an engaged community inherited from BitDAO. This support is crucial for growth, adoption, and the liquidity of the MNT token.<\/li>\n<\/ol>\n\n\n
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      1. Innovation and Flexibility :<\/strong> Mantle Network’s modular approach and the decentralized nature of its governance allow for continuous adaptation to technological developments and market needs, fostering long-term innovation.<\/li>\n<\/ol>\n\n\n\n

        The Disadvantages of Mantle (MNT) :<\/strong><\/h3>\n\n\n\n
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        1. Intense L2 Competition :<\/strong> The sector of scaling solutions for Ethereum is extremely competitive, with many established players (such as Arbitrum, Optimism) and new entrants. Mantle Network must prove its technological superiority and attract a critical mass of developers and users to stand out.<\/li>\n\n\n\n
        2. Complexity of Decentralized Governance :<\/strong> While governance by MNT holders is a fundamental principle, managing a DAO of this size with such a significant treasury can be complex, with potentially slow decision-making processes and challenges in reaching effective consensus.<\/li>\n\n\n\n
        3. Dependence on the Crypto Market :<\/strong> The value of Mantle’s treasury and the MNT token is strongly correlated with the overall performance of the cryptocurrency market. Market fluctuations can significantly impact its investment capacity and user confidence.<\/li>\n\n\n\n
        4. Risks Related to Treasury Investments :<\/strong> Mantle’s treasury invests in Web3 projects that are often young and high-risk. While the potential return is high, the risk of underperformance or failure of certain investments is real.<\/li>\n\n\n\n
        5. Regulatory Uncertainties :<\/strong> The entire ecosystem of cryptocurrencies, DAOs, and L2s is evolving in a regulatory environment that is still forming. Unfavorable changes could impact the operations or perception of Mantle.<\/li>\n<\/ol>\n\n\n\n

          MNT Price and Predictions<\/strong><\/h2>\n\n\n\n

          The Mantle (MNT)<\/strong> token, having succeeded BIT<\/strong> in July 2023<\/strong>, has seen its price evolve based on cryptocurrency market<\/a> dynamics and developments specific to the ecosystem. As of early May 2025<\/strong>, the price of MNT<\/strong> stands around $0.75 – $0.80<\/strong>, after a 45% decline since January 2025.<\/p>\n\n\n

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          MNTUSDT Tradingview daily<\/figcaption><\/figure>\n<\/div>\n\n\n

          Regarding price predictions for MNT<\/strong>, it is essential to remember the highly speculative nature of the cryptocurrency market. Forecasts should be considered with caution. Several factors could positively influence the price of MNT<\/strong> :<\/p>\n\n\n\n