Mantle
MNT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Mantle (MNT) demonstrates solid fundamentals across development, market integration, and tokenomics. The network showcases strong active development through 2026 milestones, including the Super Portal launch, Chainlink CCIP integration, and over 250 mainnet protocols. MNT benefits from deep commercial distribution via Bybit, institutional backing from prominent venture firms, and zero ongoing investor/team vesting overhang following the MIP-23 burn of unconverted BIT tokens. Governance is active via Snapshot and Discourse forums, though approximately 46.6% to 49% of supply remains concentrated in the DAO treasury. Security audits from OpenZeppelin, MixBytes, and Cyberscope indicate robust code verification; a February 2025 cmETH security incident was contained with funds recovered and no confirmed loss of user funds. Overall, MNT represents a competitive Ethereum Layer-2 asset with established liquidity and treasury support.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Mantle (MNT)
Mantle (MNT) is the native utility and governance token of Mantle Network, an Ethereum Layer-2 optimistic rollup that originated from BitDAO following a merger in 2023. The network provides infrastructure focused on decentralized finance (DeFi), lending, and institutional real-world asset (RWA) integrations. MNT functions as the execution gas token for the network, a governance instrument for voting on Mantle DAO proposals via Snapshot, and a staking asset across native applications such as the Mantle Vault and integrated partner platforms, notably the Bybit centralized exchange.
The tokenomics of MNT feature a fixed maximum supply of approximately 6.2 billion tokens, which was reduced from an initial supply of roughly 9.2 billion through the MIP-23 burn of approximately 3 billion unconverted BIT tokens. The token has no ongoing inflation or remaining team and investor vesting schedules. The network's technical infrastructure includes a modular architecture with a published software development kit (SDK), fraud-proof modules, integrations with over 250 mainnet protocols, and infrastructure upgrades such as the Super Portal and integration with Chainlink CCIP.
Governance and security evaluations highlight specific risks and past ecosystem incidents. Approximately 46.6% to 49% of the total MNT supply is held in the DAO-managed Mantle Treasury, presenting centralization risks if broad governance participation remains low. On the security front, protocol components have undergone audits by OpenZeppelin, MixBytes, and Cyberscope. However, in February 2025, a security incident involving cmETH placed approximately $40 million at risk and caused a temporary MNT price drop of over 10%; the contracts were paused and funds were recovered with the assistance of Hexagate, with no confirmed loss of user funds. Additionally, Mantle DAO passed a governance proposal to burn between 3% and 8% of MNT in connection with an rsETH exploit.