Mantle (MNT)

Mantle is the first modular layer-2 blockchain, combining hyperscale performance with security from Ethereum. Mantle powers whatever builders can dream.

Whitepaper

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Interest lvl

Medium

Updated: Jul 01, 2023

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User Rating

Medium

3/5 • 1 votes

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Ticker

MNT

Token standard

ERC-20

Registration year2022

Office addressUnited States, mainland China, Singapore, Quebec (Canada), Ontario (Canada), North Korea, Cuba, Iran, Uzbekistan, Russian-controlled regions of Ukraine (currently including the Crimea, Donetsk, and Luhansk regions), Syria, or any other jurisdictions in which we may determine from time to time to terminate the services at our sole discretion (the “Excluded Jurisdictions”).

Launchpads

ByBit

What is Mantle

Mantle is a Layer 2 (L2) blockchain that’s built on top of Ethereum. It is a scaling solution for Ethereum that is being incubated and developed by the BitDAO community. There were various different proposals and questions about potentially creating a BitDAO chain earlier in the year.

To understand this in context, BitDAO is a decentralized autonomous organization (DAO) that has a multi-billion dollar treasury — it is the largest treasury in the world when measured by hard assets, and the second largest when measured by all assets. This DAO is creating a number of different initiatives and it has been funding a number of different projects to accelerate web3 and the Ethereum ecosystem. And through that time, there’s been a lot of demand and questions for how we can create a strategic thread to bring these different projects together — to create cross-pollination between communities and projects that have been building in the BitDAO ecosystem and to truly continue to innovate.

Mantle is an L2 network. It uses $BIT as both its governance token and gas token, where $BIT is swapped for ETH for settlement back to Ethereum. So it derives security from Ethereum. It has a number of innovations that surpass the current L2 landscape and allows us to achieve lower gas fees, faster transaction times, and to create a common thread for the data ecosystem and better incentives. We’re accelerating the development of L2s.