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What is Mantle?

MNT

Mantle is a layer-2 network that settles on Ethereum.

The tokenMNT pays gas fees on Mantle and is the governance token of its DAO.

Supply and what is still to come

How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.

Circulating supply
6.219 billion MNT
Total supply
6.219 billion MNTin existence, locked or not
Maximum supply
None fixedno fixed maximum
Issued or unlocked
52.5%outside the project's own wallets, of the tokens not burned
Held in the project's disclosed wallets
47.5%2.956 billion MNT
Burned
1.068 MNTsent to addresses that can never spend

A year in the market

Measured on the daily closes of our own US dollar price index.

Return, past year
−66.8%daily closes
Volatility, past year
67%annualised, daily log returns
Deepest fall from a peak, past year
−70.6%daily closes
Below its all-time high
−83.5%high of $2.69 on 8 Oct 2025
Correlation with bitcoin
0.65daily returns, past year; 1 is lockstep
Beta to bitcoin
0.99its usual move for a 1% move in bitcoin

Points to check

What our data shows that a holder should know. Each point is a measurement, not a rating.

  1. Held by the project

    47.5% of the total supply sits in wallets the project discloses as its own.

  2. Price swings

    Its daily moves were 1.5x as large as bitcoin's over the past year (volatility 67% against 44%).

  3. Distance from the high

    It trades 83% below its all-time high daily close of $2.69 (8 Oct 2025).

  4. Few spot venues

    Only 3 of the 11 exchanges we read list it for spot trading against the dollar or a dollar stablecoin.

Questions

What is Mantle?

Mantle is a layer-2 network that settles on Ethereum.

What is MNT used for?

MNT pays gas fees on Mantle and is the governance token of its DAO.

Is Mantle's supply capped?

No fixed maximum (no fixed maximum); the total supply today is 6.219 billion MNT.

Where is Mantle traded?

On 4 of the 11 exchanges we read: 3 list spot pairs against the dollar or a dollar stablecoin and 4 list perpetual futures. The token finder lists every pair.

Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update 9 Nov 2026, 01:00 UTC.