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A Quick Guide to Mantle Network
Sandra Leow
Key Takeaways
6 min read
  • Mantle has a TVL of $42.27M since the chain went live about ~3 weeks ago.
  • Mantle Network has reached 4919 unique addresses that bridged from Ethereum to their network (as of August 8).
  • The total value bridged (TVL) is at $56M.

Mantle Network is live on Mainnet. Currently, Mantle Network has reached 4919 unique addresses that bridged from Ethereum to their network (as of August 8). The total transactions in the network are still relatively low, ranging from 50-200 daily - which is expected considering the network is still in the early stages. The total value bridged (TVL) is at $56M.

With MIP-22’s proposal on Mantle’s token conversion design, the BIT token will be converted 1:1 to the new MNT token that will be used for gas payments on the Mantle L2 network. The token migration has already happened successfully, with a total of 69m MNT migrated thus far (46% total that is migrated from the pool). It will be interesting to continue monitoring the MNT pool and whether the tokens migrated will increase over time.

General Statistics

Mantle Network Entity Top Token Holdings

  • The largest token holding is MNT with a balance of 147m MNT (~$82m), followed by BIT, USDC, USDT, ETH, LUSD, PENDLE, UWBTC, and wstETH.

Top Counterparties

  • BitDAO is the largest counterparty of Mantle Network, followed by Bybit, Jump Capital, Spartan Group, Mirana Ventures, Digits DAO, CoinEX, etc.


The official Mantle Network bridge is live. Users will need to convert some ETH to MNT, as MNT is used as the official token for gas fees on the L2 to initiate transactions.

There are also other cross-chain bridges that now support Mantle Network, namely, LayerZero, Router Protocol, Wormhole, and Entangle.


  • Agni Finance

    • Agni Finance is a high-capital efficiency, AMM-based DEX and launchpad built to support the Mantle Network ecosystem.
    • Twitter: https://twitter.com/Agnidex
  • FusionX

    • FusionX builds the native DeFi ecosystem of Mantle Network which powers its concentrated liquidity AMM which is highly efficient, isolated perpetual Dex and LSD-based products coming up shortly.
    • FusionX’s permission-less nature allows products built on top of our core architecture, such as Automated Liquidity Management, Yield Aggregators, Structured Products and many more.
    • Twitter: https://twitter.com/fusionx_finance
  • Galador
    • Galador is a liquidity infrastructure on Mantle that aims to deliver fast execution and advanced trading. It is built natively on Mantle.
  • Pulsar Exchange

    • Pulsar Exchange is a TWAMM protocol on Arbitrum and Mantle Network.
    • CPAMM-based TWAMM strategy helps institutional traders invest in cryptocurrencies for the long-term.
    • Twitter: https://twitter.com/PulsarSwap
  • Ammos Finance

    • Ammos Finance is a DEX built natively on Mantle Network with optimised liquidity provision, limit orders, managed liquidity provision (MLP) and account abstraction.
    • Ammos aims to be a marketplace for managed liquidity positions.
    • Twitter: https://twitter.com/Ammosfinance


  • Mantle Inu
    • Mantle Inu is the first memecoin on Mantle Network.
    • It was also announced that Mantle Inu might potentially be teasing a product launch.
    • Currently, the token is at $2.2M marketcap.
    • Twitter: https://twitter.com/MantleInuCoin

Wallet Infrastructure

  • Rabby Wallet

  • Coin98

    • Coin98 users can easily create a Mantle Wallet to transfer and manage $MNT. You will soon be able to traverse #crypto assets from L1 to L2 via the Mantle bridge and explore all DApps on this ecosystem.

Lending & Borrowing

  • Lendle

  • Sudoku Finance

    • Sudoku Finance is a native lending and borrowing market on Mantle Network, based on Compound Finance with Sonne finance reward distribution, with a unique bribe-reward tokenomics supporting crust finance ve(3,3) flywheel.
    • Twitter: https://twitter.com/SudokuFinance


  • Reax Finance
    • Reax Finance is a derivatives exchange native to Mantle Network, with the core offering of synthetic assets infrastructure for DeFi.
    • Reax is live on Mantle Mainnet.
    • Reax also offers lending services. Currently, the platform has supplied over $190k USDC and borrowed over $53.8k.
    • Twitter: https://twitter.com/ReaxFinance
  • Good Entry Labs

Solidly Forks

  • Crust Finance

    • Crust Finance is the leading AMM protocol on Mantle Network, offering volatile and stable swaps with low slippage and has ve(3,3) NFT involved.
    • Crust is also launching their CRST token soon. Users can lock their CRST tokens into the protocol to receive veCRST token, similar to any Solidly models. With veCRST, users can vote on which liquidity pools will get CRST token emissions, and receive fees and bribes that the liquidity pool generates.
    • Crust just announced a partnership with Liquity Protocol. Liquity is a decentralized money-market protocol that allows users to draw interest-free loans against ETH as collateral. Loans are paid out in LUSD stablecoin. Crust Finance will be integrating LUSD (LQTY in future) pairs and find synergies to grow the Mantle Network ecosystem.
    • Twitter: https://twitter.com/CrustFinance
  • Magma Finance

    • Magma is an AMM-protocol that aims to provide deep liquidity with the most efficient swap rates on Mantle Network.
    • Twitter: https://twitter.com/magma_fi
  • Stratum Exchange

    • Stratum Exchange is a native liquidity layer on Mantle Network.
    • Stratum is quite similar to Camelot and GMD in the sense that it delivers locked tokens to protocol participants.
    • Users can choose to lock to decay and have the tokens unlock over 12 months, or continuously relock to preserve their voting power and earning on Stratum.
    • Twitter: https://twitter.com/stratumexchange
  • veZARD

    • veZARD was fully KYC-ed by the Mantle team and has received a grant from Mantle Network to become the main liquidity layer on their ecosystem.
    • veZARD could be the GMD of Mantle ecosystem. Although the ZARD token is not out yet, they announced that there will be a Private & Public token sale down the line.
    • Twitter: https://twitter.com/ve_ZARD


  • NFTs2Me
    • NFTs2Me is an NFT toolkit for creators. Users can create, deploy and manage their NFT collections with a special subdomain for free.
    • NFTs2Me recently deployed on Mantle Network.
    • Twitter: https://twitter.com/nfts2me


  • XDAO
    • XDAO is a multichain dApp that allows anyone to create their own DAO without needing to write a line of code.
    • XDAO supports over 30+ chains, and is now integrating with Mantle Network.
    • This expansion to Mantle Network will hopefully enable more creation of DAOs in this ecosystem.
    • Twitter: https://twitter.com/xdaoapp


  • YFX (Yield Farming Index)
    • YFX is a decentralized crypto hedge fund that aims to generate high returns on investment by leveraging sophisticated trading strategies and advanced risk management techniques.
    • YFX just announced their partnership with Bug Finance, in which YFX will receive a veBUG airdrop and become stakeholders of Bug Finance.
    • YFX’s main product will be single-stake vaults of $YFX token that streamline part of the protocol's revenue to stakers.
    • Twitter: https://twitter.com/YieldfarmingI
  • Jump DeFi (Launchpad)
    • Jump DeFi is a NEAR token launchpad that also expanded to Mantle Network. Projects can kickstart their token launch here with the ability to distribute tokens and raise capital directly on this platform.
    • Twitter: https://twitter.com/JumpDeFi
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