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).
The price of $COOK, the governance token of the Mantle(@0xMantle) ecosystem project @mETHProtocol, has risen 113% in the past week.
The price of $MNT has also risen 50% in the past week.
A whale spent 30 $mETH($98K) to buy 2.46M $COOK today.
Address:… pic.twitter.com/Kx6tsb1vtJ
— Lookonchain (@lookonchain) November 10, 2024
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.
Mantle went mainnet on July 17, 2023. Today it has over $1.8B TVL, marking it the 4th largest ETH L2.
Here are some of my favourite key highlights:
✅ $1.5B+ TVL on @mETHProtocol
✅ $650M+ TVL on @IgnitionFBTC
✅ $10M+ worth of $EIGEN, $COOK and more in rewards disbursed to…— Speicherx (@speicherx) November 9, 2024
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.
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