MNT (Mantle) rose 23.50% in the last 24 hours

Gate News Bot news, on August 8, according to CoinMarketCap, as of the time of writing, MNT (Mantle) is currently priced at $1.08, with a 24-hour pump of 23.50%, reaching a high of $1.11 and a low of $0.68. The current market capitalization is approximately $3.65 billion, an increase of $694 million compared to yesterday, ranking 32nd in the global Crypto Assets market capitalization.

The vision of Mantle is to create a free, efficient, and inclusive financial world driven by tokenization technology and open to everyone. MNT, as the core of the Mantle ecosystem, is the cornerstone for governance, staking, and promoting decentralized economic innovation. Mantle Network is an Ethereum Layer 2 network known for its modular design and as a pioneer adopter of EigenLayer and EigenDA, providing a foundation for diverse products and applications. Mantle also offers innovative products such as the mETH protocol, Function, Mantle Index Four, UR, and MantleX, covering multiple fields including liquid ETH staking, Bitcoin Web3 solutions, institutional-grade investment products, smart payment applications, and artificial intelligence systems.

Important news about MNT recently:

1️⃣ Mantle network stablecoin market capitalization significantly rises The stablecoin market capitalization on the Mantle network rose by 22.85% in the past week, reaching $653.51 million. This significant rise reflects the increasing confidence of users in the Mantle ecosystem, while also providing more liquidity support for the network.

2️⃣ Successfully entered Ethereum Strategic Reserve Mantle successfully contributed 101,867 ETH (worth approximately $388 million) to the Ethereum strategic reserve. This move not only highlights Mantle's important position in the decentralized finance sector but also lays a solid financial foundation for its future development.

3️⃣ MNT price continues to rise The price of MNT tokens has shown a continuous rise in the past few days. It has increased from $0.82 on August 5 to the current $1.08, with a cumulative rise of over 30%. This price trend reflects the market's optimistic outlook on the prospects of the Mantle project.

From a technical perspective, the MNT price has broken through previous resistance levels, showing a strong upward trend. On the fundamental side, Mantle's position in the Layer 2 ecosystem has been further solidified, and its large-scale Ethereum reserves and stablecoin market capitalization growth provide strong support for future development.

This message is not intended as investment advice; investors should pay attention to market volatility risks.