What is Mantle? How it works and its features

Home » List of currencies » Mantle
What is crypto?

What is Mantle? In a nutshell

Mantle is a Layer 2 blockchain that makes Ethereum faster and cheaper. It uses modular rollups to process transactions, offering low fees and quick speeds. With its focus on scalability and security, Mantle is ideal for developers building decentralized apps and for users looking for affordable Ethereum-based solutions.

Read the full section below 👇️

What is Mantle?

What is Mantle?

Mantle is a Layer 2 blockchain designed to make Ethereum faster and cheaper. It offers quick transactions and low fees while staying secure by using Ethereum’s mainnet for validation.

Mantle is a Layer 2 scaling solution built to improve the Ethereum blockchain. It uses a system called modular rollups, which process transactions off-chain before finalizing them on Ethereum’s mainnet. This approach reduces congestion, lowers fees, and increases transaction speed.

The network is powered by the Mantle token (MNT), which is used for paying transaction fees and participating in governance decisions. Mantle’s modular architecture allows developers to build decentralized apps (dApps) with more flexibility and scalability.

By combining speed, security, and affordability, Mantle aims to make Ethereum-based apps accessible to a broader audience.


What makes Mantle special?

Mantle stands out for its speed, low costs, and innovative design. Here’s what makes it unique:

1. Modular rollups
Mantle uses modular rollups to process transactions. This system moves most of the work off the Ethereum mainnet, making transactions faster and cheaper.

2. Low fees
By handling transactions off-chain, Mantle keeps fees low. This makes it affordable for developers and everyday users.

3. Secure with Ethereum
Mantle uses Ethereum’s mainnet to finalize transactions. This ensures strong security and reliability.

4. Flexible for developers
Mantle’s modular design gives developers more tools to build dApps that are fast and scalable.

5. Governed by the community
Mantle’s MNT token lets users vote on changes to the network, giving the community a say in how it grows.

By focusing on speed, affordability, and security, Mantle provides a better way to use Ethereum’s blockchain.


Practical uses of Mantle – rating 8/10 😀

Mantle’s speed and low costs make it ideal for many real-world applications. Here’s how it’s being used:

1. Decentralized Finance (DeFi)
Mantle supports DeFi apps like lending, borrowing, and trading platforms. Its low fees and fast transactions make it a great choice for financial services.

2. Gaming
Game developers use Mantle to create blockchain-based games. Its quick speeds ensure smooth in-game transactions, like buying items or earning rewards.

3. NFTs (Non-Fungible Tokens)
Mantle is a cost-effective platform for creating, buying, and selling NFTs. Artists and collectors benefit from lower transaction fees.

4. Supply chain tracking
Businesses use Mantle for supply chain solutions. It helps track products securely and at a lower cost.

5. Micropayments
With its low fees, Mantle is perfect for small payments, like tipping content creators or paying for digital services.

Mantle’s versatility and affordability make it useful for developers, businesses, and everyday users.


Environmental factors – rating 7/10 🙂

Mantle is more eco-friendly than traditional blockchains like Bitcoin, but it still relies on Ethereum’s Proof of Stake system for finalizing transactions.

1. Energy efficiency
By using Ethereum’s Proof of Stake (PoS) system, Mantle avoids the energy-intensive mining process used by older blockchains like Bitcoin.

2. Off-chain processing
Mantle’s modular rollups handle transactions off-chain, reducing the workload on Ethereum’s mainnet and lowering energy usage overall.

3. Room for improvement
While Mantle is more efficient than many blockchains, future updates could focus on further reducing its environmental impact.

Mantle balances energy efficiency with high performance, making it a greener choice for blockchain applications.


Security and privacy – rating 8/10 😀

Mantle provides strong security and basic privacy features by leveraging Ethereum’s mainnet and innovative technology.

1. Ethereum mainnet security
Mantle relies on Ethereum’s Proof of Stake system to finalize transactions, ensuring high levels of security and reliability.

2. Modular rollups
Its modular rollup design processes transactions off-chain, reducing the risk of congestion and improving network stability.

3. Decentralized validation
Mantle uses a decentralized network for transaction processing, minimizing vulnerabilities to attacks.

4. Limited privacy features
While Mantle secures transactions, it doesn’t offer advanced privacy tools like some other blockchains.

Mantle combines Ethereum’s robust security with efficient off-chain processing, though its privacy features remain basic.


Future potential of Mantle – rating 7/10 🙂

Mantle has strong potential, but its success depends on growing adoption and staying competitive in the fast-changing blockchain space.

1. Scalability for Ethereum
Mantle’s ability to process transactions quickly and cheaply makes it a valuable tool for scaling Ethereum, especially as blockchain adoption grows.

2. Adoption by developers
With its modular design and low fees, Mantle is positioned to attract developers looking to build efficient decentralized apps (dApps).

3. Expanding use cases
Mantle’s affordability and speed make it suitable for growing sectors like DeFi, gaming, and NFTs. Its success depends on maintaining relevance in these areas.

4. Competitive landscape
While Mantle is promising, it faces stiff competition from other Layer 2 solutions like Polygon and Arbitrum. Continued innovation will be key to standing out.

Mantle’s focus on efficiency and scalability gives it a bright future, but its success hinges on adoption and staying ahead in a competitive market.


Market performance

Mantle’s market performance shows promise as a new Layer 2 solution for Ethereum, but it’s still in the early stages of establishing itself.

Historical performance:
Mantle is a relatively young blockchain. Its launch created buzz due to its innovative modular rollup design and its focus on Ethereum scaling. However, as a newcomer, it has yet to prove long-term market stability.

Current market trends:

  • Market capitalization: Mantle’s market cap reflects its early adoption, with steady growth as developers and users explore its benefits.
  • Trading volume: The MNT token sees consistent activity on major exchanges, driven by interest in its low-cost, fast transaction capabilities.
  • Price fluctuations: Like many emerging cryptocurrencies, Mantle’s token price fluctuates based on broader market trends and adoption rates.

Key drivers of market performance:

  1. Ethereum scalability: Mantle’s role in reducing Ethereum’s congestion attracts attention from developers and users.
  2. Developer adoption: The ease of building dApps on Mantle drives interest and investment in its ecosystem.
  3. Competition: Mantle competes with established Layer 2 solutions, which may impact its market position until it proves itself further.

Mantle’s performance highlights its potential as a scalable Ethereum solution, but sustained growth will depend on adoption and differentiation in the crowded Layer 2 space.

Check current price here


How to buy and store Mantle (MNT)

Buying and securely storing Mantle tokens is simple. Follow these steps to get started:

1. Choose a cryptocurrency exchange:
Select a trusted platform like KuCoin, CEX.IO, or Gate.io that lists Mantle. Ensure the exchange supports your preferred deposit method (e.g., fiat currency or another cryptocurrency).

2. Create and verify your account:
Sign up for the exchange and complete identity verification by uploading the required documents, like ID and proof of residence.

3. Deposit funds:
Add funds to your exchange account using a bank transfer, credit card, or other payment methods. Ensure the deposit covers the purchase amount and any fees.

4. Buy Mantle (MNT):
Search for Mantle (MNT) in the exchange. Place a market order to buy at the current price or a limit order to set your desired price.

5. Transfer to a secure wallet:
Move your Mantle tokens from the exchange to a secure wallet. Hardware wallets like Ledger provide maximum security, while software wallets like Trust Wallet are convenient alternatives.

6. Enable Two-Factor Authentication:
Activate two-factor authentication (2FA) on your exchange and wallet accounts for extra protection.

7. Back up your wallet:
Safeguard your recovery phrase or private keys by storing them offline in a secure place. This ensures you won’t lose access to your funds.

By following these steps, you can confidently buy and store Mantle tokens while keeping your investment safe.


FAQs on Mantle

Got questions about Mantle? Here are the answers to help you understand it better!

What is Mantle?
Mantle is a Layer 2 blockchain designed to make Ethereum faster and cheaper by processing transactions off-chain.

How does Mantle improve Ethereum?
Mantle uses modular rollups to reduce congestion on Ethereum’s mainnet. This lowers fees and speeds up transactions.

What are modular rollups?
Modular rollups are a system where most transaction processing happens off-chain, with final validations done on Ethereum’s mainnet.

What is the Mantle (MNT) token used for? 
The MNT token is used for paying transaction fees and participating in governance decisions on the Mantle network.

Is Mantle secure?
Yes, Mantle leverages Ethereum’s Proof of Stake system for secure transaction validation, along with its own decentralized infrastructure.

Where can I buy Mantle (MNT)?
You can buy Mantle on some of the well-known cryptocurrency exchanges such as Kucoin, Coinbase, CEX. For secure storage, use hardware wallets like Ledger or software wallets such as Trust Wallet and MetaMask.

What can Mantle be used for?
Mantle is great for decentralized finance (DeFi), gaming, NFTs, supply chain tracking, and micropayments due to its speed and low fees.

How is Mantle different from other Layer 2 solutions?
Mantle focuses on modular rollups, offering scalability and flexibility while directly interacting with Ethereum’s mainnet.

Is Mantle environmentally friendly? 
Mantle is more energy-efficient than older blockchains since it relies on Ethereum’s Proof of Stake system and processes transactions off-chain.

How can I learn more about Mantle? 
Visit Mantle’s official website, community forums, or developer documentation to dive deeper into its features and roadmap.


This article was aided in writing by AI and edited and reviewed by our editor.