Mantle

Today's state: Mantle is trading at $0.443246 with a $1.5 billion market capitalization (rank #44). The price moved -1.50% over the past 24 hours and is +6.90% over 7 days; the 30-day move stands at +4.10% and the 90-day at +0.00%.

Position vs cycle: A drawdown of more than 70% from the last cycle high puts the asset firmly in deep-bear territory, where recoveries have historically required a fresh demand catalyst rather than mere mean-reversion.

Volatility and structure: 30-day realized volatility of 48.5% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Neutral (51/100), with the timeframes pulling in different directions and no clean directional read.

Looking past Bitcoin alone, how closely MNT tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.12 — a minimal positive relationship.
• Ethereum reference: +0.18 — a minimal positive relationship.
• Solana reference: +0.11 — a minimal positive relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Mantle (MNT) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.4432 as of the latest update, with a 24-hour move down 1.50%, placing it at rank #51 by market capitalisation among all listed digital assets. Mantle's current market cap stands at $1.46B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Mantle across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Mantle positions itself as a general-purpose chain for decentralized applications. The investment thesis rests on ecosystem traction: active addresses, application total-value-locked, and developer mindshare, balanced against the throughput-versus-decentralisation compromises baked into its consensus.

Mantle currently ranks #44 by market capitalisation, making it a top-50 asset. About 53% of the maximum MNT supply is in circulation today (3.30B of 6.22B), leaving a moderate emission stream still to come. It currently trades about 85% below its all-time high of $2.86 set in October 2025.

Under the hood, Mantle is a smart-contract Layer-1 using staked validators rather than mining to reach consensus. Validators put the token at risk as a bond, the protocol selects them to order transactions, and fees plus issuance reward honest participation. Developers deploy contracts that this validator set then executes.

Mantle currently ranks #44 by market capitalisation, making it a top-50 asset. About 53% of the maximum MNT supply is in circulation today (3.30B of 6.22B), leaving a moderate emission stream still to come. It currently trades about 85% below its all-time high of $2.86 set in October 2025. Its fully-diluted valuation of $2.76B is about 1.9× the circulating market cap of $1.46B, a gap that signals issuance overhang to factor into any longer-term thesis.

In practice the token does four jobs: it pays gas for on-chain activity, it is staked to help secure the network and earn yield, it underpins the applications and DeFi collateral built on the chain, and it carries governance weight. Its value tracks how much genuine usage the chain attracts.

Daily volume runs at about 1.1% of market capitalisation ($15.59M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

Mantle's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. Approximately 53.1% of maximum supply is currently circulating, meaning roughly 46.9% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $2.8 billion stands at 1.9× the current circulating market cap of $1.5 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

The cross-asset relationships worth watching: the dollar index (DXY), historically inversely correlated with crypto over longer windows; the 10-year Treasury yield, a proxy for the cost of risk capital; gold, which sometimes shares a "monetary hedge" framing with Bitcoin during regime changes; and the S&P 500, which during liquidity-driven moves often rhymes with crypto despite the "uncorrelated" narrative.

For Mantle specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, MNT tends to follow; when they contract, the relationship typically reverses. With a comparatively loose 90-day BTC correlation of +0.12, MNT has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

The hazards to weigh: stake that concentrates in a handful of validators, bugs in the applications running on the chain, an unusually crowded field of competing L1s, unsettled regulation of staking rewards and MEV, and the hard truth that a base layer loses value fast if builders and users drift to a rival.