KEYTAKEAWAYS
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Mantle (MNT) surged 15% to $1.54 ATH, fueled by Bybit’s institutional services offering leverage, lending, and deep exchange integration.
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Originating from BitDAO, Mantle evolved into a modular Layer 2 with $2.2B TVL, strong treasury assets, and innovative DeFi and RWA products.
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Bybit partnership mirrors Binance’s BNB playbook, with MNT gaining fee utility, board influence, and potential buyback-burn mechanisms boosting demand.
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On September 11 Mantle MNT jumped almost 15 percent in 24 hours It hit 1.54 dollars a new all time high ATH This rise came from good news in the Mantle ecosystem and strong exchange support Bybit will launch MNT based services for institutions on September 20 These include spot leverage up to 8x futures leverage up to 5x lending leverage up to 10x and fixed lending terms of 2 to 4 months Many in the industry expect higher demand from institutions This may strengthen MNTs position in the crypto market
This event shows Mantle is moving from a new Layer 2 network to a full ecosystem platform The price breakout reflects short term excitement It also points to long term value
MANTLE NETWORK EVOLUTION FROM BITDAO TO A LIQUIDITY CHAIN
Mantle Network started from the BitDAO project in 2020 In 2023 it became a modular Layer 2 solution It aims to fix scaling and liquidity issues in Ethereum It uses the idea of a Liquidity Chain It improves data availability and cross chain bridging It offers low cost and efficient DeFi and RWA real world asset infrastructure As of September 2025 Mantles TVL total value locked is over 2.2 billion dollars Monthly active users are about 89500 Stablecoin supply is over 643 million dollars
MNT is the native token It pays gas and supports governance It also plays key roles in the ecosystem For example the mETH protocol Mantles liquid staking has 939 million dollars in TVL Function FBTC locks 1.5 billion dollars The Mantle Index Four MI4 fund launched with 200 million dollars in AUM It is the largest on chain non T bill tokenized fund It gives diversified exposure to BTC ETH SOL and stablecoins
Unlike Arbitrum or Optimism Mantle stresses modular design It uses EigenLayer AVS Actively Validated Services to improve data availability It drives AI and RWA innovation through the MantleX incubator Mantle is not only a trading layer It is an ecosystem hub backed by large funds Its treasury holds over 4 billion dollars one of the largest in Web3 This financial strength is a moat It includes a 200 million dollar EcoFund for developer incentives
STRATEGIC DEPTH OF THE BYBIT PARTNERSHIP IS MNT BYBITS BNB
The Bybit partnership is the main catalyst for the MNT rally It started in early 2024 and became a deep integration Bybit is the third largest exchange by daily perpetual futures volume about 25 billion dollars It has 70 million users This creates structural demand for MNT
Timeline On August 5 2025 Bybit launched MNT features These include Smart Leverage OTC support and Launchpool with 36 percent APY After this the MNT price rose 28 percent in one week It rose 65 percent in 30 days reaching a new high of 1.39 dollars In early September Bybit expanded support It added 5 MNT base pairs and 13 MNT quote pairs Users can pay trading fees with MNT Spot fees get a 25 percent discount Perpetual fees get a 10 percent discount Holding MNT unlocks VIP tiers MNT is also accepted as collateral with 100 percent LTV It supports margin and lending
This model is similar to how Binance used BNB early on Bybit CEO Ben Zhou and the head of spot joined the Mantle board This pushes MNT toward a platform token role A possible buyback and burn plan using Bybit revenue could make MNT deflationary If 20 to 50 percent of Bybit users pay fees in MNT yearly demand could reach 2 to 8 billion dollars The institutional services on September 20 will target large clients They offer higher leverage and longer lending terms This can attract institutional funds It can also strengthen MNT utility in DeFi and RWA
Bybit support already shows results MNT trading volume rose 58 percent in one week to 320 million dollars TVL grew 26.27 percent Community events such as Puzzle Hunt increase user stickiness But there are risks MNT may rely too much on Bybit If the exchange faces regulatory pressure how will MNT stand alone
OUTLOOK MULTIPLE GROWTH ENGINES FOR MNT
MNTs future is not only about Bybit Mantle plans to launch the UR neobank app MNT options and access to special events It will expand bridges and AI research This can attract more developers Firms like Delphi Digital are optimistic They see Mantle as undervalued There may be a 3 to 6 times re rating
If Bybit keeps building MNT may test the 2 dollar level In the long run with the rise of RWA and institutional adoption MNT could lead among Layer 2 networks Investors should watch TVL growth and any buyback plan But they should also be careful about short term pullbacks
