Mantle Network is a pioneering Ethereum layer-2 scaling solution using optimistic rollups (ORU) and driven by BitDAO as the first DAO-led L2 network. The project now holds the second-largest DAO treasury, comprising various assets apart its own tokens
Being on testnet for the last 6 months, Mantle has recently launches its mainnet alpha, showcasing the modularity, which separates data availability, consensus, settlement, and execution layers, resulting in enhanced scalability and adaptability
While based on the Optimism codebase, Mantle Network is garnering significant anticipation for its potential future release of the Mantle zkEVM network which holds promises for the network's future growth.
The network's tokenomics is equally intriguing. The MNT token was originally $BIT, rebranded after BIP-21 & BIP-22 for unified branding and optimized token design. It serves as the utility and governance token, with intriguing tokenomics collecting gas fees in $MNT, converted to $ETH for Ethereum L1. Each $MNT token carries a 1:1 ratio to its weight in DAO governance, ensuring equitable voting. Show Less
