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MNT — Mantle
An add-on network to Ethereum with a very large treasury of its own, which also offers banking services.
What it is for
- Set out to
- An Ethereum layer 2 with its own data availability layer.
- Today in addition
- Liquid staking mETH, the neobank UR, the index fund MI4.
- Notable
- A large treasury of its own from the BitDAO legacy finances its own products.
- Strength
- Capital base for building its own applications.
- Weakness
- Demand depends largely on the group’s own products.
Contract address
Chain: Ethereum
0x3c3a81e81dc49A522A592e7622A7E711c06bf354
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Score
33of 93
Market capitalization
$1.85Bas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#27075numeric identifier
This asset is not in the sector barometer.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | did not yet exist |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.5631†532.67 satJuly 1, 2025 | $2.48†1,987 satOctober 6, 2025 | in dollars +$1.92 (+340.1%)against Bitcoin +273.0%from $0.5631 on July 1, 2025 to $2.48 on October 6, 2025 | the window ends at the high |
Only partly measured: reliable trading only from October 1, 2024. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2024: in dollars +114.0% (from $0.5821 to $1.25) · against Bitcoin +39.3% |
| 2025: in dollars +97.0% (from $1.26 to $2.48) · against Bitcoin +49.1% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.3920623.95 satJuly 31, 2026 | $0.6363811.12 satSeptember 8, 2026 | in dollars +$0.2443 (+62.3%)against Bitcoin +30.0%from $0.3920 on July 31, 2026 to $0.6363 on September 8, 2026 | in dollars -$0.0919 (-14.4%)against Bitcoin -11.2%from $0.6363 on September 8, 2026 to $0.5444 on September 15, 2026 |
| Year by year |
| 2026: in dollars +38.8% (from $0.4106 to $0.5700) · against Bitcoin +6.4% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
† For twelve assets the highest and the lowest closing price come from a window of 720 days, because the source does not reach further back. This window moves with the retrieval date. Both closes reported can therefore change without the market having moved.
The four questions that are always answered
Net supply and issuance pressure2 of 20
Starting valuation and size leverage6 of 14
Survivability4 of 12
Relative strength against Bitcoin5 of 6
11 of the twelve criteria collected individually, nothing extrapolated. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of September 5, 2026.
For User growth per valuation it says “not determined” – that does not count.
The figures in detail
Price, as stored$0.5592
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceJuly 2023
Age since listingnot researched
Fees relative to valuationnot determined
Supply still lockednot researched
hard supply capnot researched
Carried by Nexocarried
Trading venues of 15 checked9 of 15
The fifteen largest centralized exchanges by the CoinMarketCap ranking were counted, as of September 5, 2026. Decentralized exchanges do not count. Bybit is not included in any figure, because the venue was not reachable through sixteen address forms. Which five venues are the best for each asset has not been collected yet.
Finding
Age counted by its own token, not by its predecessor BitDAO — rule of September 3, 2026. The report counts BitDAO from August 2021 and arrives at eight points for criterion 3 and 38 in total; under version 4 it is four points for 3.1 years and 34 out of 93 as of September 4, 2026; after the recalculation of criterion 10 on September 5, 2026 it is 33 out of 93. In the ranking by the test Mantle thereby moves from 40.9 to 36.6 percent. The clearest governance failure of the second Nexo run: the MantleSecurityMultisig with a threshold of six out of fourteen can upgrade the core contracts without any delay — in the wording of L2BEAT there is no window to exit. Not listed at Coinbase. The best seven-day figure of the run against Bitcoin.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.