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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| MNT | +63.6% | N/A | N/A | +136% |
| S&P | +13.19% | +87.83% | +13.42% | +49% |
Mantle Network (formerly BitDAO) is an EVM-compatible Layer-2 scalability solution built on top of Ethereum. It utilizes a modular architecture that combines an optimistic rollup protocol with an innovative data availability solution. Mantle inherits security from Ethereum while offering cost-effective data availability. The native token, $MNT, serves as the governance and utility token within the ecosystem. It grants voting rights for DAO decisions and is used for gas fees on the Mantle Network. Additionally, $MNT can act as collateral for network nodes, incentivizing participation and contributing to network security. The token is ERC-20 compliant, and its functionalities are subject to modifications through the Mantle Governance process.
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