What is Mantle?
Mantle Network is an Ethereum layer-2 optimistic rollup that emerged from the BitDAO ecosystem rebranding and treasury reallocation in 2023. It uses a modular architecture that separates transaction execution, data availability, and finality into distinct layers, and it employs EigenDA (from EigenLayer) for off-chain data availability rather than posting all calldata to Ethereum mainnet. MNT is the network's native gas and governance token.
Mantle's technical differentiation lies in its data availability strategy: by using EigenDA instead of posting data directly to Ethereum, Mantle significantly reduces the per-transaction cost of data availability — one of the largest components of L2 gas fees. This makes it particularly attractive for high-frequency applications like perpetual DEXs and gaming protocols. The project launched with substantial treasury backing from the BitDAO treasury (one of the largest DAO treasuries at the time of conversion to Mantle), which funded ecosystem grants and liquidity mining programs to bootstrap adoption.
The risks are meaningful. Optimistic rollups carry an inherent 7-day withdrawal challenge period, meaning assets bridged to Mantle cannot return to Ethereum instantly without using third-party liquidity providers who charge a fee. EigenDA, while reducing costs, introduces a dependency on EigenLayer's restaking security model, which is itself a relatively novel and unaudited-at-scale mechanism. The governance structure, inherited from the BitDAO/BIT token migration, concentrated significant voting power among early treasury holders, raising questions about decentralization that are common to DAO-governed L2s.
Reviewed by the 2Bitcoins Editorial Team · Updated . Not financial advice.
Mantle FAQ
Why does Mantle use EigenDA instead of posting data to Ethereum?+
Posting all transaction calldata to Ethereum mainnet is expensive, and data availability costs represent a large fraction of L2 fees. EigenDA is a decentralized data availability layer built on EigenLayer that stores data off-chain with cryptographic availability proofs, dramatically reducing this cost while maintaining verifiability. The trade-off is introducing an additional trust dependency outside Ethereum itself.
What was BitDAO and how does it relate to Mantle?+
BitDAO was a decentralized autonomous organization with a large treasury funded by Bybit, one of the largest crypto derivatives exchanges. In 2023, BitDAO rebranded to Mantle, consolidated its BIT governance token into the MNT token, and directed its treasury toward building and bootstrapping the Mantle L2 ecosystem. The BIT-to-MNT conversion gave existing BIT holders a proportional stake in the new network.
What is the withdrawal delay on Mantle and how can users avoid it?+
Like all optimistic rollups, Mantle imposes a 7-day challenge window before withdrawals to Ethereum are finalized — this period exists so fraud proofs can be submitted if an invalid state transition is detected. Users who need faster withdrawals can use third-party bridge liquidity providers, which offer near-instant exits in exchange for a small fee.
Mantle key numbers
Where to buy Mantle
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Mantle Markets
| # | Exchange | Pair | Price | Volume (24h) | Trust |
|---|---|---|---|---|---|
| 1 | MNT/USDT | $0.551493 | $13.64M | — | |
| 2 | MNT/USDT | $0.551450 | $4.09M | — | |
| 3 | MNT/USDT | $0.551867 | $634.11K | — | |
| 4 | MNT/USDT | $0.551477 | $258.24K | — | |
| 5 | MNT/USDT | $0.551577 | $1.02M | — | |
| 6 | MANTLE/USD | $0.551900 | $334.60K | — | |
| 7 | MNT/USDT | $0.551877 | $211.00K | — | |
| 8 | MNT/USD | $0.551400 | $78.44K | — | |
| 9 | MNT/USDT | $0.551767 | $233.11K | — | |
| 10 | MNT/USDT | $0.552103 | $76.88K | — | |
| 11 | MNT/USDT | $0.551777 | $938.82K | — | |
| 12 | MNT/USDT | $0.551477 | $36.95K | — | |
| 13 | MNT/USDT | $0.552245 | $155.25K | — | |
| 14 | MNT/USDT | $0.551768 | $907.94K | — | |
| 15 | 0X3C3A81E81DC49A522A592E7622A7E711C06BF354/0X4C9EDD5852CD905F086C759E8383E09BFF1E68B3 | $0.549530 | $351.93K | — | |
| 16 | MNT/USDT | $0.551278 | $620.18K | — | |
| 17 | MNT/USDT | $0.551667 | $201.90K | — | |
| 18 | MNT/USDT | $0.551757 | $151.05K | — | |
| 19 | MNT/USDT | $0.551553 | $58.41K | — | |
| 20 | MNT/USDT | $0.552200 | $349.99K | — |