Hey there, crypto fans! π So, you know how sometimes a token just decides to go all in on the price gains? π€£ Yeah, that’s exactly what’s happening with the Mantle Network’s native token, MNT. π
Right now, MNT is trading at a whopping $1.22, and it’s up 7.14% in the last 24 hours. I mean, who doesn’t love a good price rally? π€© And if you were lucky enough to catch the intraday high of $1.3, well, you’re basically a crypto genius. π€
But wait, there’s more! MNT’s market cap has jumped to nearly $4.1 billion, which has catapulted it to the 35th largest cryptocurrency by market cap. I mean, that’s like, a big deal, right? π€
MNT Records 32% Surge in 4 Days
So, it turns out that MNT’s price rally started on January 20, and it’s been a wild ride ever since. The token has seen a 32% increase in 4 days, and its gains over the past year have topped 104%! π€― That’s like, a lot of money, folks! πΈ
And get this – MNT’s daily trading volume has surged by 41.7% to $249 million, according to data from CoinMarketCap. That’s like, a lot of people buying and selling this token! π
Now, I know what you’re thinking – what’s behind this price surge? π€ Well, it turns out that the Mantle Network team is working on six key products this year, including a liquid staking product, a wrapped BTC product, and even a blockchain-based banking platform! π€― That’s like, a lot of cool stuff, folks! π
And if that’s not enough, the team is also planning to add three new pillars to support the ecosystem’s growth, including a crypto fund, a blockchain-based banking platform, and even a platform for creating Artificial Intelligence (AI) agents! π€ That’s like, the future, folks! π
But wait, there’s more! The pivot to AI agents is important because related chains like Virtuals Protocol are gaining traction today. I mean, who doesn’t love a good AI agent, right? π€
Other Mantle Network Metrics Go Parabolic
So, apart from the price surge in MNT, daily active and new addresses on the Mantle Network are also increasing. Like, a 50% rise in active addresses, and a 16% increase in new addresses created. That’s like, a lot of people using this network! π
And get this – CoinGlass data shows that there has been an increase in the volume of MNT withdrawals from exchanges since the beginning of 2025. That’s like, people turning to self-custody, folks! π€―
Meanwhile, this latest development marks a month after Mantle Network began creating the liquidity chain for institutional-grade settlement and value transfer in the crypto ecosystem. That’s like, a big deal, right? π€
Its offerings provide the crucial next-generation technical infrastructure to support and amplify the secure growth of high-value asset settlements. As of December 2024, it processed 175 million on-chain transactions and deployed 1.4 million smart contracts. The protocol also connected 10 million unique wallet addresses and maintained 4.9 million monthly active users. That’s like, a lot of cool stuff, folks! π
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2025-01-24 17:52