The Mantle Network, a rising layer-2 blockchain built on Ethereum, has recently shown significant growth across several key metrics, marking a notable moment for the broader DeFi ecosystem.
According to the onchain data platform Lookonchain, Mantle’s ecosystem stablecoin, MACP, has surged by 22.85% in the past week alone. The total value now sits at $653.51 million, indicating a steady influx of capital into the network. This coincides with a 25% rise in the value of $MNT, Mantle’s native governance token, over the same period.
Surge in Users and Trading Volume
Activity on the Mantle chain has expanded quickly. Over the past month, the number of daily active addresses reportedly jumped from around 7,000 to 120,000, marking a 1,600% increase. This suggests a surge in onchain use, likely driven by rising interest in Mantle-based applications.
Trading volumes have also followed this trend. In recent weeks, Mantle saw a 450% increase in token trading activity. On Aug. 6, $MNT’s 24-hour trading volume crossed the $500 million mark, more than double its average volume from July.
One factor contributing to Mantle’s recent momentum is its involvement with the Strategic ETH Reserve (SER).
The network’s treasury has set aside over 101,000 ETH, valued at around $388 million, strengthening its financial foundation. This move aligns Mantle closely with Ethereum, with $MNT’s price trends now moving in tandem with ETH’s climb from $3,000 to $4,000 since mid-July.
Additionally, Mantle’s mETH protocol, a staking platform designed to maximize returns through restaking ETH, has attracted institutional investors. For example, Republic Technologies converted a large share of their ETH holdings into mETH during the second quarter of 2025.
Product Launch Boosts Token Performance
Mantle’s latest product release, UR Global, went live on July 30.
The application is designed to connect traditional finance (TradFi) systems with decentralized tools, providing users with a more accessible entry point into DeFi. Though still in its early phase, UR Global could play a role in broadening the network’s user base and increasing onchain activity.
Following the launch and a broader wave of momentum, $MNT has climbed to $0.88, marking its highest price since March 2025. The token is up over 30% since early August but remains well below its 2024 all-time high of $1.50.
