Crypto News

Mantle Ecosystem Sees Massive Growth As $COOK And $MNT Surge

The Mantle ecosystem is on a rapid growth trajectory, with its governance token, $COOK, climbing 113% in value over the past week, and $MNT also gaining 50% within the same period.

These surges highlight the increasing demand for tokens within the Mantle ecosystem, especially as a whale recently purchased 2.46 million $COOK with 30 $mETH ($98,000).

Since its mainnet launch on July 17, 2023, Mantle has established itself as a powerhouse in the Ethereum Layer 2 (L2) space, boasting over $1.8 billion in Total Value Locked (TVL), which places it as the 4th largest ETH L2 network. The Mantle ecosystem includes numerous noteworthy accomplishments:

– TVL Highlights: @mETHProtocol contributes over $1.5 billion in TVL, while @IgnitionFBTC adds another $650 million.

– User Rewards: In 2024, over $10 million in rewards, including $EIGEN and $COOK, were distributed to users.

– EcoFund Investments: Mantle’s EcoFund has poured more than $38 million into 51 prominent projects, such as @veda_labs and @CatizenAI.

– Innovative Architecture: As the first modular ETH L2, Mantle employs @eigenlayer for data availability, setting a new standard for scalability.

– Treasury Strength: Mantle boasts one of the largest on-chain treasuries, valued at over $3 billion, mostly in ETH and USD.

– Broad Protocol Support: Over 225 protocols have deployed on Mantle’s mainnet, establishing a thriving dApp ecosystem.

– Unique Integrations: Mantle was the first EVM chain to run an accelerator with @ton_blockchain, and it also pioneered integrations with Pendle Finance’s reward station, @OndoFinance’s $USDY, and @withAUSD’s $AUSD.

– Liquidity Dominance: Mantle dominates liquidity for @ethena_labs’ $USDe.

These milestones solidify Mantle’s position in the market and underscore its potential for continued growth as a leading Ethereum L2 ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: Feylite/Shutterstock.com

Leave a Comment

Your email address will not be published. Required fields are marked *

*