Mantle

Mantle is a Layer 2 scaling network built on top of Ethereum, designed to make transactions faster and cheaper than using the Ethereum base layer directly. It targets both individual users and institutions who want to interact with decentralized finance applications without paying high fees or waiting through slow confirmation times. The broader Mantle ecosystem also includes products such as a liquid staking protocol and a tokenized fund, positioning itself as a bridge between traditional financial services and on-chain finance.

Mantle operates as an Ethereum Layer 2, meaning transactions are processed off the main Ethereum chain and then settled back to it, inheriting Ethereum's security while reducing costs. The data does not include a specified consensus algorithm for the network itself. The MNT token functions within this ecosystem as the medium for governance participation and staking, giving holders a role in decisions about the protocol's direction.

The network collects fees from users who submit transactions; in the most recent full day recorded, fees totaled $258, and over the trailing 30 days fees came to $10,918, though that 30-day figure represents a 51.5% decline from the prior period. Over the trailing 12 months, total fees reached $221,808. The protocol retains 100% of those fees as revenue — the take rate for the trailing 30 days is recorded at 100%, meaning no portion of fees was distributed to a supply side such as liquidity providers or external validators during that period. The 30-day average daily volume relative to total value locked stands at a ratio of 0.35, reflecting modest transactional activity against the $96,765,955.65 currently locked in the protocol.