Deep Dive
1. Purpose and architecture
Mantle is a Layer 2, a network built on top of Ethereum to process transactions more efficiently while relying on Ethereum for security and settlement. It is designed for decentralized applications, including DeFi services.
Mantle uses a modular architecture, meaning different network tasks are handled by separate components. This is intended to support lower-cost transactions and flexibility as the network develops. BTC Markets
2. MNT’s role
MNT is Mantle’s native token. It is used for network fees and gives holders a role in governance, such as voting on ecosystem decisions. Mantle also describes MNT as supporting staking and ecosystem development. CoinMarketCap
3. Broader ecosystem
Mantle presents itself as more than a scaling network: its ecosystem includes finance-related projects and products, such as mETH Protocol and Mantle Index Four. The broader aim is to connect decentralized finance with other forms of on-chain financial activity. CoinMarketCap
Conclusion
Mantle is an Ethereum-based scaling and finance ecosystem, with MNT serving as its utility and governance token. How well can its network and products make on-chain finance more accessible and efficient?
