What is Mantle?
Mantle (MNT) is a Layer-1 blockchain network currently ranked 34th by market capitalization across all crypto assets we track. As a Layer-1 network, MNT provides settlement, consensus, and computation for a wider ecosystem of applications. The token plays a dual role: paying for transaction fees, and acting as the economic incentive securing the network.
Market position
At the current price of $0.6832, Mantle carries a market capitalization of $2.22B. Daily trading volume across exchanges sits at roughly $37.81M. That works out to a 24-hour turnover of about 1.70% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.
Price action across timeframes
Over the past 24 hours, Mantle has moved ++8.76%; over the past week, Mantle has moved ++1.28%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Cycle position
Mantle is currently trading far below its all-time high (all-time high of $2.86, -76.1% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $0.4801, current pricing represents a +42% recovery.
Supply & dilution
The circulating supply stands at 6,219,316,768 MNT. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.
Volatility profile
Recent price action puts Mantle in the Extreme-volatility bucket. The asset is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely.
How to evaluate Mantle
A balanced read on MNT typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is MNT performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.
Project description
Mantle (MNT) is a decentralized layer-2 scaling solution built on Ethereum, designed to enhance transaction speeds and reduce gas fees for users and developers. It aims to provide a seamless experience for decentralized applications and blockchain interactions. Source: CoinPaprika.com