As Ethereum and the Ethereum Virtual Machine (EVM) continue to grow, Layer 2 solutions must adapt to meet the evolving demands of the ecosystem. Mantle Network is no exception, offering innovative changes tailored to market needs. But what exactly is Mantle Network? Let’s dive in.
What Is Mantle Network (MNT)?
Mantle Network (formerly BitDAO) is a Layer 2 blockchain designed for strong EVM compatibility. This means all Ethereum-based smart contracts and tools can operate on Mantle Network with minor adjustments. To achieve this, Mantle combines rollup technology with modular data availability (DA), delivering a cost-effective solution that inherits Ethereum’s security.
Key features:
- Optimistic Rollups: Reduces gas fees, latency, and improves throughput.
- Modular Architecture: Separates execution, consensus, and settlement into independent modules.
- Ethereum-Secured: Transactions are validated by Ethereum’s consensus mechanism.
- DA Solutions: Leverages EigenDA for ~90% cost savings vs. traditional Layer 1.
How Mantle Network Works
Transaction Flow:
- Users submit signed transactions via RPC nodes.
- Sequencers batch transactions into blocks.
- Op-batcher compresses data and sends it to Mantle DA.
- Op-proposer relays block state to Ethereum’s L1 contract.
- Fraud proofs ensure data validity.
👉 Explore Mantle’s modular design
MNT Tokenomics
Basics:
| Metric | Value |
|----------------------|--------------------------------|
| Token Name | Mantle Network |
| Symbol | MNT |
| Blockchain | Ethereum, Mantle Network |
| Total Supply | 6.22B MNT |
| Circulating Supply | 3.37B MNT |
Allocation:
- Treasury: 49%
- Circulation: 51%
Utility:
- Governance: MNT holders vote on ecosystem proposals.
- Gas Fees: Pays for transactions on Mantle.
- Bybit Integration: Used as a native token on Bybit exchange.
Roadmap & Ecosystem
Key Milestones:
- Mantle v1 (Alpha): Initial mainnet launch.
- Mantle v2 (Tectonic): Enhanced modular upgrades.
Funded Projects:
- Babylon (staking protocol)
- NPC Labs (gaming infra)
- Lombard (liquid restaking)
FAQs
Q: Is Mantle Network secure?
A: Yes—it inherits Ethereum’s security via fraud proofs and DA checks.
Q: How does MNT differ from other L2 tokens?
A: MNT emphasizes modularity and governance, with Bybit integration adding liquidity.
Q: What’s next for Mantle?
A: Expect more DA solutions and cross-chain partnerships in 2024.
Conclusion
Mantle Network merges EVM compatibility, cost efficiency, and modular flexibility—making it a standout Layer 2 contender. Always DYOR before investing.
Disclaimer: This article is not financial advice.
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### SEO Notes:
- Natural keyword integration (e.g., "modular architecture" in headers).
- Anchor texts placed strategically for engagement.
- FAQs address common user queries.