TL;DR
- Idea: Mantle is a modular Ethereum Layer-2 optimistic rollup with EigenDA-powered data availability, designed as a liquidity chain for institutional and DeFi use cases
- Catalyst: Recent EigenDA integration, upcoming ZK validity rollup upgrade via Succinct SP1, robust EcoFund backing and growing dApp ecosystem
- Risks: Centralized sequencer, dependence on EigenLayer restaking, high competition among L2s, regulatory and macroeconomic uncertainties
- Score: 7.00/ 10
Coin
- Name/ Ticker: Mantle (MNT)
- Segment: Layer-2
- Status: live
- Price: $1.310000
Key Metrics
- Market Cap: $4 434 944 735
- FDV: $8 190 000 000
- Circulating Supply: 3 365 794 383
- Total Supply: 6 219 316 795
Sources
Technology
- USP: First modular L2 with EigenDA data availability integration, delivering decentralized, censorship-resistant scalability
- Core Technology: Optimistic Rollup architecture on OP Stack with modular execution, consensus and EigenDA-powered DA, upgrading to a ZK validity rollup via Succinct SP1 in 2025
Roadmap
- 2023-07-17: Mainnet Alpha launch
- 2025-03-20: EigenDA Integration
- 2025-03-31: Succinct SP1 Testnet Launch
- 2025-12-31: ZK Validity Rollup Mainnet Launch
Team & Investors
Team
- Chief Alchemist β Jordi Alexander: Co-founded Mantle Network; led BitDAO to MNT token migration and strategic initiatives
- Head of Ecosystem β Arjun Krishan Kalsy: Co-founded Mantle Network; manages ecosystem growth, Mantle Journey and EcoFund programs
- Group Head of Strategy β Tim Chen: Former Partner at MSA Novo; led international product and expansion at Mobike across 20 countries
- Group Head of Banking β Yaxi Zhu: Co-Founder of Bybit and Founding Partner at Mirana Ventures; spearheading Mantle Banking development
- Head of Product β Joshua Cheong: Head of Product at Mantle Network; driving product integrations including EigenDA and SP1
Investors
- Pantera Capital β Private Sale β’ 2021-06-16
- Dragonfly Capital β Private Sale β’ 2021-06-16
- Fenbushi Capital β Private Sale β’ 2021-06-16
- Founders Fund β Private Sale β’ 2021-06-16
- Jump Capital β Private Sale β’ 2021-06-16
- The Spartan Group β Private Sale β’ 2021-06-16
- Alan Howard β Private Sale β’ 2021-06-16
- Kain Warwick β Private Sale β’ 2021-06-16
- Cambium Grove Capital β Private Sale β’ 2021-06-16
- Peter Thiel β Private Sale β’ 2021-06-16
Total funding: $623.27M
Tokenomics
- Utility: Governance, gas fees, staking rewards and collateral for network operations and ecosystem incentives
- Vesting: 3-month cliff followed by linear vesting over 12 months
- Next Unlock: 2025-06-30 (6.30% of circulating)
Pros & Cons
Strengths
- Modular architecture enabling seamless upgrades
- EigenDA-powered decentralized data availability
- Strong institutional backing from BitDAO treasury and major investors
- High TVL and diverse dApp ecosystem
- Planned ZK rollup upgrade for faster finality
- Robust developer tooling and SDK support
- Dedicated EcoFund catalyzing growth
Weaknesses
- Centralized sequencer controlled by core team
- Reliance on EigenLayer restaking introduces external protocol risk
- High FDV to TVL ratio may pressure valuation
- Intense competition among Ethereum L2 solutions
- Regulatory uncertainty in multiple jurisdictions
- Complexity for non-technical users
- Upgrades dependent on external partnerships
Market Signals (7d)
- TVL trend: decreasing
- CEX volume trend: increasing
- Active addresses trend: decreasing
Price Scenarios (target: 2026-02-17)
- Bear: $0.660000 β Assumes 50% downside based on historical 6-month low trend under bearish market conditions
- Base: $1.310000 β Projects stable price at current levels, reflecting balanced supply-demand and organic growth
- Bull: $2.620000 β Forecasts 100% upside driven by ZK rollout success, TVL growth and institutional adoption
How to Buy & Store
CEX
- Coinbase
- Bybit
- MEXC
- OKX
- KuCoin
DEX
- Uniswap (Mantle)
- SushiSwap (Mantle)
- Merchant Moe
- AGNI Finance
- Bungee
Storage
- MetaMask
- Ledger
- Trezor
- Coinbase Wallet
- Bitget Wallet
Verdict
Mantle offers a compelling value proposition as a modular L2 with advanced data availability, strong treasury support, and upcoming ZK upgrades, making it a promising investment with moderate risk.
Official Links
Source: Coin Research (internal)
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