Mantle (MNT)

Mantle (MNT) is a fast, low-cost blockchain network operating as a Layer 2 solution on top of Ethereum. Designed to address high fees and congestion on the main Ethereum chain, Mantle functions as an express lane that processes transactions efficiently before reporting results back to the primary blockchain for security. The native token, MNT, serves dual purposes: it is used to pay network fees and allows holders to vote on governance decisions regarding the network's operation. As an Ethereum rollup, Mantle bundles thousands of transactions together, processing them off the busy main chain to reduce costs while maintaining the trust and safety of the underlying Ethereum infrastructure. First appearing in market data in 2023, the cryptocurrency has a maximum supply cap of 6,219,316,794 tokens. This architecture enables users to send money and utilize decentralized applications without incurring the exorbitant costs often associated with direct Ethereum usage, effectively scaling the ecosystem while preserving its decentralized nature.

Key Technical Features

• Architecture: Ethereum Layer 2 Rollup
• Primary Function: Transaction bundling and cost reduction
• Token Utility: Fee payment and governance voting
• Supply Cap: 6,219,316,794 MNT