On September 11, 2025, Mantle (MNT) token reached a new all-time high, increasing by 15% due to new institutional services from Bybit.
Mantle (MNT) Price Surge
On September 11, the Mantle (MNT) token rose nearly 15% in 24 hours, reaching $1.54. This increase was spurred by positive news from the Mantle ecosystem and support from Bybit. The exchange plans to launch MNT-based services for institutional clients, offering up to 8x spot leverage and fixed lending terms. Higher demand from institutions is expected, potentially strengthening MNT's position in the cryptocurrency market.
Evolution of Mantle from BitDAO to Ecosystem
The Mantle Network began as the BitDAO project in 2020 and became a modular Layer 2 solution by 2023. It aims to address scaling and liquidity issues in Ethereum, utilizing the Liquidity Chain concept to improve data availability and cross-chain interactions. As of September 2025, Mantle's total value locked exceeds $2.2 billion. The MNT token serves key roles in the ecosystem, including paying gas fees and supporting governance.
Strategic Partnership with Bybit
The partnership with Bybit has been a significant catalyst for the MNT rally. Beginning in early 2024, this deep integration with the third-largest exchange has created substantial demand for MNT. In August 2025, Bybit launched MNT-related features, leading to a notable rise in MNT's price. The platform allows users to pay trading fees with MNT, which generates structural demand. This collaboration may lead to potential buyback and burn plans, making MNT deflationary.
MNT's future prospects extend beyond the Bybit partnership; Mantle plans to enhance its ecosystem through new products and services. Investors should monitor total value locked growth and any potential buyback plans.
