Mantle (MNT) Complete Guide: Everything You Need to Know About Next-Generation Layer 2 Blockchain
Hello! Have you ever wondered about Mantle (MNT), which has been gaining a lot of attention in the cryptocurrency market recently?
Today, we will explain in detail everything from Mantle's core technology to investment strategies so that even beginners can easily understand.
Let's dig into everything about Mantle, which has been growing rapidly since 2024!
What is Mantle (MNT)? Innovative Layer 2 Solution
Mantle (MNT) is not just a cryptocurrency. It is a next-generation Layer 2 blockchain platform developed to solve Ethereum's scalability issues.
To solve the slow transaction speed and high fee issues of existing blockchains, Mantle adopted an innovative modular structure. This allows for fast and low-cost processing of thousands of transactions per second.
In particular, Mantle is a project developed by BitDAO, the world's largest DAO (decentralized autonomous organization), and has achieved rapid growth since its launch based on solid capital and technological prowess.
🔬 Technical Features: Mantle combines Optimistic Rollup technology and modular architecture to provide higher performance and security than existing layer 2 solutions.
Mantle's exciting development process
Mantle's history began with the establishment of BitDAO in 2021. Initially, it was a project known only to a small number of institutional investors, but it has shown explosive growth since the mainnet launch in 2023.
In particular, the Mantle Network, which was officially launched in July 2023, surprised the industry by exceeding $500 million in TVL (Total Value Locked) in just its first month of launch. This is more than what traditional Layer 2 projects have achieved in years, in just a few months.
Currently, more than 100 DeFi protocols and dApps around the world are providing services on the Mantle Network, with hundreds of thousands of transactions taking place every day.
📈 Growth Metrics: As of 2024, the Mantle Network will have over 500,000 daily active users, with monthly transaction volume exceeding $10 billion.
How Mantle Works
What sets Mantle apart from other blockchains is its modular structure. Unlike existing blockchains that process all functions in a single layer, Mantle separates each function into specialized modules and processes them.
Execution Layer: This is the part that quickly processes smart contracts and transactions, and is fully compatible with EVM (Ethereum Virtual Machine). dApps developed on Ethereum can be used as is on Mantle.
Consensus Layer: It verifies the validity of transactions and is responsible for network security. It enables faster processing while leveraging the security of the Ethereum mainnet.
Data Availability Layer: This layer ensures that transaction data is safely stored and can be verified at any time.
Thanks to this modular structure, Mantle can process more than 5,000 transactions per second, and transaction costs are reduced by more than 95% compared to Ethereum.
⚡ Performance Comparison: Ethereum 15 TPS vs Mantle 5,000+ TPS, Ethereum average fee $20 vs Mantle average fee $0.01
Mantle's various practical applications
Mantle is Beyond simple investment assets, it is being used in various ways in real life. Let's take a closer look at its specific areas of use:
DeFi ecosystem: You can use various financial services such as lending, deposits, and liquidity provision at low costs. In particular, AMM (automatic market maker)-based DEXs are actively operating, so you can participate in token swaps or liquidity mining.
NFT marketplace: It has solved the problem of small NFT transactions being difficult due to high transaction costs. Now, even NFTs worth a few dollars can be traded without burden.
Game ecosystem: Blockchain-based games are actively utilizing the Mantle Network. Fast and cheap transactions are possible in in-game item transactions, P2E (Play-to-Earn) systems, etc.
Payment System: Many online shopping malls and services around the world have started accepting Mantle as a means of payment. It is showing great advantages, especially in cross-border remittances.
Enterprise Solutions: Mantle is also attracting attention in the field of enterprise blockchain solutions, such as supply chain management, data verification, and smart contract automation.
A Complete Guide to Reliable Mantle Exchanges
I will introduce exchanges where you can trade Mantle safely and conveniently. Compare the features and pros and cons of each exchange carefully.
Global large exchanges:
• Binance: The world's largest exchange, offering high liquidity and a variety of trading pairs. It also offers a wealth of additional services, including futures trading and staking.
• Huobi: A strong exchange in the Asian region that often hosts Mantle-related events.
• KuCoin: Popular for its relatively low fees and user-friendly interface.
Domestic exchanges:
• Upbit: It is convenient because it is the largest exchange in Korea and allows direct KRW trading.
• Bithumb: It is trusted for its long-term operating experience and stable service.
Checkpoints when choosing an exchange:
• Security level (2FA, cold wallet storage ratio, etc.)
• Transaction fees and deposit/withdrawal fees
• Customer service quality and response speed
• Trading volume and liquidity level
💹 Check the real-time price: Compare prices across multiple exchanges and check the price difference (premium) before trading!
Active Mantle Community and Ecosystem
One of Mantle's greatest strengths is its active and healthy community. Developers, investors, and users from all over the world come together to contribute to the development of the project.
Official Community Channels:
• Discord: Main community for real-time chat and technical discussions
• Telegram: Useful for quick information sharing and announcements
• Twitter: Get the latest updates and partnership news the fastest
• Medium: Regularly updated with technical in-depth content and roadmap-related articles
Korean Community: There are also Mantle-related KakaoTalk rooms and Naver Cafes in Korea, so you can exchange information without language barriers. In particular, guides and Q&A for beginners are actively conducted.
Developer Ecosystem: Mantle operates various support programs for developers. We support innovative dApp development through hackathons, grant programs, and technical workshops.
🎯 Community Participation Tips: Follow our official channels to never miss an airdrop or testnet opportunity. Early adopters often receive various benefits!
Guide to Choosing a Wallet for Safe Mantle Storage
Safely storing and managing your Mantle is as important as investing. Here's how to choose the right wallet for your usage and storage size.
Software Wallets (Hot Wallets):
• MetaMask: The most widely used Ethereum wallet, easy to set up with the Mantle network. Supports both browsers and mobile apps.
• Trust Wallet: A mobile wallet developed by Binance, featuring an intuitive UI and support for a variety of tokens.
Hardware Wallet (Cold Wallet):
• Ledger Nano: An industry-standard hardware wallet that provides the highest level of security. A must-have for storing over $100!
• Trezor: An open-source hardware wallet that provides both transparency and security.
Multi-sig wallet: If you need bulk storage or shared management, use a multi-sig wallet like Safe (formerly Gnosis Safe). A transaction is executed only when a certain number of private keys agree, maximizing security.
🔐 Security Checklist:
✅ Safely back up your seed phrase offline
✅ Never share your private key or seed phrase online
✅ Regularly update your wallet and perform security checks
✅ Beware of phishing sites (use only official URLs)
Key things to know before investing in Mantle
If you are considering investing in Mantle, please be sure to familiarize yourself with the following and approach it carefully.
Understand market volatility: Since Mantle is a relatively new project, it can be more volatile than Bitcoin or Ethereum. Invest only with an amount that you won't be emotionally swayed by, as price fluctuations of 30-50% per day are quite possible.
Technical Risk Assessment: Layer 2 technology is still in development. You should be aware of technical flaws, hacking risks, and issues that may arise during the mainnet upgrade process.
Competitive Landscape Analysis: There is fierce competition with other Layer 2 solutions such as Arbitrum, Optimism, and Polygon. Compare and analyze the pros and cons of each project and understand Mantle's differentiating points.
Understand Tokenomics: Understand the supply, distribution structure, lockup schedule, etc. of Mantle tokens. Especially when large quantities are released, there may be price pressure.
Regulatory Environment Monitoring: Continuously monitor the impact of changes in cryptocurrency regulatory policies in each country on the price of Mantle. In particular, policy changes in Korea, the United States, and China are important variables.
⚠️ 5 Investment Principles:
1️⃣ Never invest in living expenses
2️⃣ Manage risk by diversifying investments
3️⃣ Avoid emotional trading
4️⃣ Maintain a long-term perspective
5️⃣ Continuous learning and information updates
Mantle's future prospects and development potential
Mantle's future is considered very bright. Let's take a look at the reasons and specific prospects.
Technical Roadmap: Mantle plans to introduce zk-rollup technology in the second half of 2024. This will allow for transaction processing 10 times faster than the current rate and lower fees.
Partnership Expansion: We have already signed partnerships with global cloud companies such as Google Cloud and Microsoft Azure, and we aim to attract more corporate customers in 2024.
Ecosystem Growth: Currently, more than 100 dApps are in service on Mantle, and we plan to expand to more than 500 by the end of 2024. Explosive growth is expected, especially in the DeFi and gaming sectors.
Entering the institutional market: Several traditional financial institutions are reviewing the use of the Mantle network and are also participating in CBDC (Central Bank Digital Currency) demonstration projects.
Mantle investment practical strategy
Finally, I will share a practical strategy for Mantle investment.
Installation purchase strategy: Rather than investing a large amount at once, purchasing it in installments over a certain period of time can reduce risk. This is especially effective for cryptocurrencies with high volatility.
Staking utilization: If you have Mantle, you can earn additional profits through staking. You can receive staking rewards of 5-15% per year, so please take advantage of it.
Ecosystem Participation: Rather than simply holding, actively participate in the Mantle ecosystem. You can receive additional benefits through testnet participation, governance voting, and community activities.
📊 Investment Checklist:
• Regularly monitor the development of the Mantle ecosystem
• Check technical superiority over competing projects
• Track token unlock schedule and supply changes
• Analysis of the macroeconomic situation and cryptocurrency market trends
Conclusion
How was your in-depth look at Mantle (MNT) today? I think you've fully felt its potential as a next-generation blockchain infrastructure beyond a simple investment target.
Mantle is certainly an attractive project, but remember that all investments come with risks. We hope you'll develop your own investment strategy through sufficient study and careful judgment.
Why not join Mantle on its journey to grow with the future of blockchain technology? However