About Mantle (MNT)
Mantle (MNT) is a decentralised finance platform dedicated to scaling Ethereum. The Layer 2 protocol is built atop Ethereum and intends to improve transaction speeds and congestion through Optimistic rollup technology. This means that processes like transactions, data access and confirmation are performed off-chain. Thanks to this modular system, Mantle can support transaction throughput 20 times greater than Ethereum’s, while also boasting an 80% reduction in fees, according to its developers. Mantle’s project is closely associated with the crypto exchange Bybit, who worked on a project called BitDAO prior to a rebranding.
There are currently more than 100 decentralised applications (dApps) available within the Mantle ecosystem. The protocol also uses EigenLayer’s data availability solution to ensure the efficient and secure storage of on-chain information.
MNT is the native token of the Mantle Network, and serves several purposes vital to the ecosystem. MNT can be used to pay for transaction fees on the network and to participate in the project’s governance.
