Mantle is one of the OG team in crypto, and they are entering a new phase with some bold initiatives. Below are the major achievements of Mantle in the past.
Phase 1: Launched a BitDAO, raising $230 million for its crypto investment fund from Founders Fund.
Phase 2: Grew to become one of the largest treasuries through fee sharing with Bybit, receiving 0.025% of trading fees.
Phase 3: Developed its own chain, Mantle, with Mantle now boasting $1.884B in bridged TVL and $708.36M worth of stablecoins.
And the next phase of Mantle is being unfolded. Now, MNT is integrating with Bybit, and Mantle is posed be the destination chain for these CEX users to onchain. The aim is to not just to make traders to buy MNT token, but to make it as a functional asset that users can use, hold, and earn.
Buy → On-ramp & trading liquidity: Users can purchase MNT directly on Bybit via spot markets, “One-Click Buy” or conversion services, facilitating easy access to MNT. Bybit also lists MNT across trading pairs and integrates it in fiat/crypto rails (e.g. via Bybit Card / Bybit Pay) to allow spending or conversion with 0% fee in some campaigns.
Use → Utility on Onchain: MNT is usable within the Mantle ecosystem (e.g. interacting with dApps, governance, staking) and can be also used in Bybit’s broader products. Also, transacting MNT on Bybit qualifies users to earn additional rewards in campaigns.
Hold → Incentives for long-term retention: Simply holding MNT (or eligible Mantle-derived tokens) in a Bybit account can generate rewards passively in events or campaigns. For institutional clients, pledging or holding larger MNT amounts unlocks premium features: higher leverage, longer fixed-rate loan terms, and enhanced trading capabilities.
Earn → Yield, rewards & airdrops: Bybit / Mantle jointly run incentive programs, airdrops, staking campaigns, and reward events that distribute MNT or other tokens to active participants. For example, during the “EcoGalaxy: Mantle Surge” campaign, users earn rewards by trading, holding, or engaging in on-chain activities. This allows to earn extra MNT for interacting with the ecosystem.
Mantle started as a DAO as BitDAO, and built out its chain with Mantle L2. Now it's having MNT integrated with Bybit and also making its ecosystem flourish with new initiatives.
They are not just getting integrated with Exchanges, but also building out their ecosystem with MI4 index fund, UR Bank (aka. Mantle Banking), etc.
It's probably the most aggressively expanding team at the moment.
Mantle
