I recently took a closer look at the Mantle ecosystem and found that there are indeed many noteworthy aspects. Mantle is a decentralized ecosystem governed by a DAO, with the MNT token as its main asset. In the first half of this year, it completed a merger with BitDAO and now operates under the unified Mantle brand.

The core product is Mantle Network, an EVM-compatible Layer 2 scaling solution that adopts a modular architecture. It combines rollup technology with a decentralized data availability layer. The advantage of this design is that it inherits Ethereum’s security while significantly reducing costs. Unlike most blockchain systems that handle all functions on a single layer, Mantle employs a layered approach—sequencers handle real-time transaction reception and block creation, consensus validators verify state roots, data availability nodes store transaction data, and TSS nodes verify transaction batches. This design allows Mantle to reduce transaction costs by over 80% and achieve higher throughput with the support of EigenDA.

Regarding tokens, holders of the original BitDAO token (BIT) received MNT via a 1:1 airdrop in mid-July. Currently, MNT’s circulating market cap has reached around $21.7 billion, indicating strong market recognition of this ecosystem.

In terms of ecosystem development, I found that several promising projects are already operating on Mantle. FusionX Finance is a DEX offering automated liquidity management and leveraged yield farming, attracting projects like Gamma and Symbiosis to develop on it. iZUMi Finance is a multi-chain DeFi protocol deployed on Ethereum, Arbitrum, zkSync, and other chains. AGNI Finance is an efficient AMM DEX and launchpad, with a TVL of $22 million. Lendle provides multiple lending pairs, while Reax Finance mainly focuses on lending and liquidity products.

Based on TVL growth and project diversity, Mantle’s ecosystem is steadily developing. If you’re interested in Layer 2 and DeFi ecosystems, you can check out the market data of related assets on Gate. Mantle’s ecosystem still offers many opportunities.