Mantle (MNT) Price Hits All-Time High Following Bybit Partnership
In the last 24 hours, MNT price increased by 16%, reaching an all-time high of $1.65 on September 11. This surge followed a partnership with Bybit, contributing to monthly gains of 60% and placing MNT in the top 30 cryptocurrencies by market cap. Daily trading volumes rose by 38% to over $700 million.
Bybit Partnership Details
- Bybit introduced new trading pairs and yield programs under the “MNT x Bybit 2.0” initiative.
- MNT spot pairs were listed against assets including SOL, ETH, ADA, and SUI.
- The exchange launched a “HODL & Earn” campaign with a prize pool of 60,000 XUSD for users holding MNT.
Open interest for MNT surged 31% to $203 million, while daily futures trading volume increased by 117% to $268 million, indicating growing trader participation.
On-Chain Activity
- MNT’s social dominance reached a 30-day high of 0.345% since September 7.
- Daily active addresses conducting MNT transactions grew over 300% from September 7.
- Mantle leads DeFi treasury rankings with total assets of 5.162 billion, including 4.90 billion in native tokens and $26.43 million in stablecoins.
Other Market Developments
BTC Hyper (HYPER) presale has raised over $15 million, addressing Bitcoin’s transaction inefficiencies with a Layer 2 solution.
Bitcoin Hyper Presale Highlights
- Ticker: HYPER
- Presale Price: $0.012885
- Funds Raised: $15M