What is MNT?

Question

What is MNT?

Accepted Answer

## TLDR

Mantle is an Ethereum Layer 2 network designed to make onchain finance more scalable and connect decentralized finance with tokenized real world assets.

1. It processes transactions off Ethereum mainnet to help reduce congestion and fees while settling through Ethereum.
2. MNT is Mantle’s ecosystem token, used for network fees and governance.

## Deep Dive

### 1. Purpose and technology

A **Layer 2** is a network built on top of a base blockchain. Mantle is designed to handle transactions more efficiently than Ethereum mainnet, while relying on Ethereum for settlement and security. Its modular design separates parts of the transaction process, including execution and data availability. ([Mantle research](https://www.fameex.com/en-US/research/projects/mantle-research))

Mantle’s broader aim is to support decentralized finance and tokenized assets—digital representations of assets such as securities or funds—onchain. ([CoinMarketCap](https://coinmarketcap.com/currencies/mantle))

### 2. MNT token

MNT is Mantle’s native token. It is used to pay network fees and lets holders participate in ecosystem governance, where proposals and decisions are made. ([CoinMarketCap](https://coinmarketcap.com/currencies/mantle))

## Conclusion

Mantle is an Ethereum scaling network focused on onchain financial services, with MNT serving as its fee and governance token. How effectively can Mantle make tokenized assets and DeFi work together onchain?

What is Mantle (MNT)?

Deep Dive

1. Purpose and technology

2. MNT token

Conclusion

Explore Similar Coins

Gram (prev. Toncoin)

Aptos

Optimism

Arbitrum

Ethena

Starknet