KEYTAKEAWAYS
- Mantle Network leverages Optimistic Rollup and modular architecture to enhance scalability and reduce gas fees by up to 80%.
- Its native token, MNT, powers transactions, enables governance, and supports staking for network security.
- Backed by BitDAO, Mantle provides a developer-friendly, EVM-compatible platform aiming to compete in the growing L2 ecosystem.
CONTENT
Mantle Network is an Ethereum Layer 2 scaling solution offering fast, low-cost transactions, EVM compatibility, and a powerful token economy through its native asset, MNT.
WHAT IS MANTLE NETWORK?
Mantle Network is a next-generation Ethereum Layer 2 (L2) scaling solution, with its mainnet officially launched on July 17, 2023. Built on Optimistic Rollup technology, Mantle Network is designed to address Ethereum’s scalability issues by reducing transaction costs and alleviating network congestion.
By offloading intensive computation and data processing off-chain, Mantle Network significantly enhances network performance without compromising decentralization or security. According to official data, transaction fees on Mantle Network are up to 80% lower than Ethereum’s, and the network can handle over 500 transactions per second — more than 20 times Ethereum’s throughput.
In theory, users benefit from all the advantages of Ethereum’s infrastructure and ecosystem, without its major drawbacks such as high gas fees and slow transaction speeds.
Additionally, Mantle Network is fully compatible with the Ethereum Virtual Machine (EVM), meaning developers can seamlessly deploy existing Ethereum smart contracts and DApps on Mantle without rewriting code. This compatibility expands the network’s utility and makes it highly attractive to developers looking for scalable, cost-efficient solutions.
>>> More to read: What is the Ethereum Virtual Machine (EVM)?
HOW MANTLE NETWORK WORKS
Mantle Network is powered by three key components that together ensure high performance, security, and cost efficiency:
📌 Optimistic Rollup + MPC Nodes
Mantle Network uses Optimistic Rollup to bundle thousands of transactions off-chain and later submit them to Ethereum (Layer 1). This approach boosts speed and reduces fees.
To address the usual 7-day fraud-proof delay, Mantle introduces MPC (Multi-Party Computation) nodes, which independently verify transaction data and sign off on valid state changes. The more nodes that confirm, the stronger the trust in the data.
Secure asset transfers between L2 and L1 are handled by smart contracts on both layers—no third party needed.
📌 Modular Architecture
Unlike traditional blockchains where each node does everything, Mantle Network separates responsibilities:
- Execution happens on Mantle
- Consensus & Settlement happen on Ethereum
This modular design improves scalability and reduces network load.
📌 Data Availability via EigenDA
Mantle’s DA nodes, powered by EigenLayer’s EigenDA, store transaction records and ensure both L1 and L2 validators can access them.
During fraud-proof windows, validators can retrieve data directly. These nodes also publish data validity proofs to Ethereum.
This system helps cut costs and strengthens security through a modular, efficient design.
Mantle Network blends cutting-edge tech with Ethereum’s security to deliver a developer-friendly, scalable Layer 2 experience.
>>> More to read: What is a Layer in Blockchain?
WHAT IS MNT?
MNT is the native cryptocurrency of Mantle Network, represented by the ticker symbol $MNT. Minted on June 20, 2023, as an ERC-20 token on Ethereum, MNT plays both a functional and governance role within the Mantle ecosystem.
✅ Utility
As the core currency of Mantle Network, $MNT is used to pay for gas fees on the network. Every transaction executed on Mantle’s mainnet requires $MNT to power it.
✅ Governance
Beyond utility, $MNT also acts as a governance token. Each $MNT grants equal voting power, allowing holders to participate in the decision-making process through DAO proposals and votes. This role was inherited from $BIT, the token of BitDAO, which has now transitioned under the Mantle ecosystem.
Following the launch of Mantle Network, $BIT holders were given the option to migrate their tokens to $MNT at a 1:1 ratio. For those holding $BIT on centralized exchanges, conversions are typically automatic. On-chain holders can refer to official guides for manual conversion.
✅ Staking & Value Transfer
$MNT can also be staked by network nodes, serving as collateral to help secure and stabilize the network. Additionally, it can be used for transferring value or speculative trading in the broader crypto market.
📌 MNT Tokenomics
The distribution of $MNT is governed by the Mantle DAO and is allocated across various categories including:
- User incentives
- Tech partner rewards
- Core contributors and advisors
- Acquisitions and token swaps
At launch, 65.6% of $MNT supply was held by the Mantle Treasury, while 34.4% was in circulation.
In June 2023, the community passed a proposal to optimize $MNT’s fully diluted supply. The key decision was not to convert $3 billion worth of $BIT held by the treasury into $MNT, effectively reducing the total diluted supply by that amount.
Currently, Mantle Treasury holds 47.4% of MNT, 52% is in circulation, and the remaining 0.6% is reserved for Mantle’s core budget.
>>> More to read: What is a Layer in Blockchain?
MANTLE NETWORK SUMMARY
As an Ethereum Layer 2 solution, Mantle Network stands out with its impressive speed and cost-effective transaction fees, offering users a refreshing alternative to mainstream options.
Backed by the resources and community strength of BitDAO, Mantle Network provides developers and users with a flexible, secure, and scalable platform for decentralized applications. However, whether it can gain significant traction and compete with other major L2 networks remains to be seen.
