Mantle Network (MNT) Price Gains 32% in Four Days Amid Ecosystem Expansion
The native token of Mantle Network, MNT, has experienced significant price gains following the announcement of several upcoming developments. Key points include:
- MNT is currently priced at $1.22, up 7.14% in 24 hours and reaching an intraday high of $1.30 with a 17% increase.
- The market cap of MNT is approximately $4.1 billion, making it the 35th largest cryptocurrency.
- In four days, MNT's price surged by 32%, with annual gains exceeding 104%.
- Daily trading volume increased by 41.7%, surpassing $249 million.
- Developers plan to launch six key products this year, including a crypto fund (Enhanced Index Fund), a banking platform (Mantle Banking), and AI-focused initiatives (MantleX).
- Active addresses on Mantle Network rose by 50%, while new address creation increased by 16% over the past week.
- MNT withdrawals from exchanges have also surged, indicating strong demand for self-custody options.
- The network processed 175 million on-chain transactions, deployed 1.4 million smart contracts, and connected 10 million unique wallet addresses as of December 2024.
This development follows Mantle Network's initiatives to enhance capital efficiency in the crypto ecosystem through ZK validity roll-up technology.