What is Mantle (MNT)?

It's a 'Layer-2 (L2)' network built to handle transactions on top of Ethereum faster and more cheaply. It gathers transactions off to the side and processes them in a batch (a rollup), then writes only the result back to Ethereum, borrowing Ethereum's security.

How are MNT and BIT related?

BIT is MNT's ancestor. The BIT token used by BitDAO, Mantle's root, was converted 1:1 into MNT in 2023. It's the same lineage, just evolved under a new name. The slogan was 'One brand, One token'.

Does Mantle have a supply cap like Bitcoin?

Yes, total supply is fixed at a cap of about 6.22 billion. But unlike Bitcoin, no new coins are minted through mining. Because it was converted over from BIT, there's no team/investor vesting and no ongoing emission; any additional issuance happens only by governance decision.

What is MNT used for?

You use it to pay transaction fees (gas) on the Mantle network, to vote in governance, and to stake. (For information only, not a recommendation to use any specific exchange or to invest.)

No.045

📒 Codex · Ethereum L2

Mantle MNT

A modular carrier that hauls transaction loads fast, with Ethereum strapped to its back

🎭 Born from a DAO, renamed once already, and now swapping its shell again. The carrier that keeps upgrading itself.

📜 Smart Contract🌱 PoS🌉 Bridge

ALTROOKIE CODEX

💬 “Give me your transactions and I'll run them off to the side, fast and cheap. Ethereum keeps everyone honest; I just do the heavy lifting. Right now I'm in the middle of an upgrade, so excuse the dust. 🧱”

💬 TL;DR

Mantle is a Layer-2 (L2) sitting on top of Ethereum to make transactions faster and cheaper.
It used to be the BIT token. In 2023 that token was swapped 1:1 into MNT.
Supply is capped at about 6.22 billion, and there's no mining or steady inflation.

📖 The Story

Mantle came out of a giant online treasury called BitDAO, set up in 2021 by people connected to the Bybit exchange. The idea was simple. Ethereum was crowded and expensive, so why not build a side road that does the work cheaply and lets Ethereum keep the receipts? In 2022 that side road got a name: Mantle.

The turning point came in 2023. The community voted to drop the BitDAO label and run everything under one banner with one token, so the old BIT token became MNT at a 1:1 rate. The mainnet went live that July. If you ever see someone call MNT a "new" coin, that's only half true. It's the same token wearing a different name.

One detail worth knowing if you read about Mantle elsewhere. On 22 January 2026 the team announced it was rebuilding around a ZK (zero-knowledge) rollup, where the math itself proves a batch of transactions is valid. That's a meaningful upgrade from how it started, but it's also still in progress, so treat anything you read about "the new Mantle" as a work in motion rather than a finished thing.

📊 Stats

⚡Speed & cost Cheap, fast L2 vs Ethereum

🛡️Security source Borrowed from Ethereum

🧩Modularity Execution / data kept separate

🏦Treasury weight ~46.6% held by the treasury

🪨Track record Mainnet only since 2023

🧩 How it works

Mantle uses a method called a rollup. It gathers a bunch of transactions off to the side, away from Ethereum, processes them fast, and then writes only the result onto Ethereum. The heavy lifting rides on Mantle's back, while the safety guarantee is borrowed from Ethereum. That's why it's fast and the fees are cheap. On top of that, Mantle keeps the work (execution) and the data storage separate, a modular design that makes it even lighter.

🧾 Transactions are gathered off to the side, 🧱 Mantle processes them fast, and only the result is written to ⟠ Ethereum to borrow its security.

🌗 Light & Shadow

🌕 Light

Transactions are faster and cheaper than on Ethereum, while the actual security is borrowed from Ethereum
Supply is capped at about 6.22 billion with no steady inflation (it came from BIT, so there's no team/investor vesting and no mining emission)
A deep treasury and active governance mean it can fund and ship its own upgrades (such as the announced move from optimistic to ZK rollup)

🌑 Shadow

The treasury holds roughly 46.6% of all MNT (about 2.9 billion), so a big chunk of the supply sits in one place
The Ethereum L2 space is crowded with rivals, and Mantle has to keep proving it's worth using
It's young (mainnet only since 2023), the ZK migration is still underway, and the price can move sharply day to day

🧬 Evolution Lineage

Mantle is the direct descendant of the BIT token BitDAO once used, converted 1:1 (its ancestor = BIT). It's not a coin hard fork, but an evolution that changed names along the same lineage. Technically it started in Ethereum's "optimistic rollup" family and is evolving on its own toward a "ZK rollup."

🪙 BitDAO · BIT 🧱 Mantle · MNT 🔮 Evolving into a ZK rollup

Mantle is an L2 that rides on top of Ethereum and borrows its security, so it's bound to Ethereum like family.

🧭 Meet other friends

⟠ Ethereum 🔶 BNB ◎ Solana

See the whole codex →

❓ FAQ

What is Mantle (MNT)?: It's a "Layer-2 (L2)" network built to handle transactions on top of Ethereum faster and more cheaply. It gathers transactions off to the side and processes them in a batch (a rollup), then writes only the result back to Ethereum, borrowing Ethereum's security.
How are MNT and BIT related?: BIT is MNT's ancestor. The BIT token used by BitDAO, Mantle's root, was converted 1:1 into MNT in 2023. It's the same lineage, just evolved under a new name. The slogan was "One brand, One token."
Does it have a supply cap like Bitcoin?: Yes, total supply is fixed at a cap of about 6.22 billion. But unlike Bitcoin, no new coins are minted through mining. Because it was converted over from BIT, there's no team/investor vesting and no ongoing emission; any additional issuance happens only by governance decision.
What is MNT used for?: You use it to pay transaction fees (gas) on the Mantle network, to vote in governance, and to stake. (For information only, not a recommendation to use any specific exchange or to invest.)

⚠️ Not investment advice. All figures are for information only (MOCK · 2026-06-04).