What happened to BitDAO?

BitDAO merged with Mantle in 2023. All BIT tokens were converted to MNT at a 1:3 ratio (1 BIT = 3 MNT), consolidating the ecosystem under the Mantle brand.

Can I swap MNT without KYC?

Yes. SyntheticSwap supports MNT swaps with no registration or identity verification.

mETH is Mantle's liquid staking ETH token. Stakers deposit ETH and receive mETH, which earns staking rewards boosted by Mantle treasury yields — historically higher than competitors like stETH.

How large is Mantle's treasury?

Mantle DAO controls one of the largest DAO treasuries in crypto — billions in assets including ETH, stablecoins, and other tokens inherited from the BitDAO era.

Is Mantle EVM-compatible?

Yes. Mantle is fully EVM-compatible, meaning Ethereum dApps and Solidity contracts can deploy on Mantle with no code changes, benefiting from lower gas fees.

Home/Supported Coins/Mantle Network

Mantle Network

Ethereum Layer-2 with Modular Architecture and MNT Gas

Launch Year

2023

Consensus

Optimistic Rollup

Max Supply

6,219,316,794 MNT

Block Time

~2 seconds

MNT

Mantle Network

Price—

24h Change—

Market Cap—

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1000+ supported exchange pairs
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Mantle Network Price Chart

MNT / USD

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About Mantle Network

Mantle Network (MNT) is an Ethereum Layer-2 network using optimistic rollup technology with a modular data availability layer. What sets Mantle apart is that it uses MNT (not ETH) as its native gas token, and it's backed by BitDAO's massive treasury — one of the largest DAO treasuries in crypto. Mantle merged with BitDAO in 2023, converting BIT tokens to MNT. Mantle features EVM compatibility, fast finality, and low transaction costs. The network hosts a growing DeFi ecosystem and Mantle LSP (Liquid Staking Protocol) which issues mETH — the highest-yielding ETH liquid staking token backed by Mantle's treasury.

History

2021

BitDAO founded with backing from Peter Thiel, Bybit, Pantera, and others; accumulates massive treasury.

2022

Mantle Network development begins as BitDAO's Ethereum Layer-2 initiative.

2023

BitDAO merges into Mantle; BIT token converts to MNT. Mantle mainnet launches July 2023.

2023

Mantle LSP launches, offering mETH liquid staking with treasury-boosted yields for ETH stakers.

2024

Mantle ecosystem grows with DeFi protocols, gaming, and strategic treasury investments in RWA.

How to Swap MNT

Exchanging Mantle Network (MNT) on SyntheticSwap is straightforward and requires no registration or identity verification. MNT is an ERC-20 token built on Ethereum, so you can use MetaMask, Coinbase Wallet, Trust Wallet, or any other Ethereum-compatible wallet to send and receive it. Select MNT in the SyntheticSwap interface, choose your destination coin, enter a receiving address, and confirm the rate. Your swap processes automatically — the destination token arrives in your wallet once the Ethereum transaction is confirmed.

How to Store MNT

MNT is stored in MetaMask, Ledger, Trust Wallet, or any Ethereum-compatible wallet. Add the Mantle network to MetaMask to use MNT on Mantle L2. MNT exists on both Ethereum (ERC-20) and natively on the Mantle L2 network.