The Mantle Network has achieved significant milestones, with its native token, MNT, hitting a historic peak of $1.77 following a major upgrade to its zero-knowledge (ZK) rollup architecture. This upgrade not only enhanced the network’s infrastructure but also propelled its total value locked (TVL) beyond $2 billion, positioning Mantle as a leader in the ZK ecosystem.
Mantle Completes ZK Rollup Upgrade
The Mantle Network’s successful transition from an optimistic rollup to a full ZK rollup marks a pivotal moment in its development. This upgrade allows the network to create validity proofs for state transitions without disclosing underlying data, thereby strengthening security and reducing reliance on fraud protection challenges.
This transformation addresses long-standing limitations of optimistic models, which assume transaction validity until challenged, potentially delaying finality.
“With today’s mainnet upgrade, the journey is complete: Mantle is now the largest ZK rollup in the world by TVL, securing over $2 billion through Succt’s technology,” stated Edward Li, Head of Growth and Business Development at Succinct.
Prior to the upgrade, Mantle’s TVL stood at approximately $218 million; post-implementation, it surged past $2 billion, affirming its position as the world’s largest ZK rollup by this metric.
By integrating EigenLayer, Mantle ensures robust decentralization without overwhelming the base chain, a hybrid approach praised by developers seeking EVM-compatible environments.
Mantle Token Performance and Future Outlook
The recent announcement sparked an immediate surge in MNT’s price, which jumped over 15% to exceed its previous high of $1.68 reached last month.
Data from major exchanges, such as Binance and Coinbase, indicate that MNT’s market capitalization has surpassed $5.4 billion, placing it among the top 30 cryptocurrencies.
Analysts attribute this price increase to several factors, including renewed institutional interest in ZK technologies in line with Ethereum’s Dencun upgrade.
Incentives within the Mantle ecosystem, including yield-bearing stablecoins like mETH and upcoming products such as cryptocurrency index funds, have also contributed to the price surge.
Mantle Price Chart – TradingView
Currently, Mantle trades around $1.64, slightly below its historic peak of $1.77, with selling pressure impacting the price.
However, bullish traders aim for a new all-time high amid a bullish flag pattern, as Mantle’s ZK framework unlocks inter-rollup interoperability.
With over 5.86 million active accounts, forecasts suggest that the TVL could double by year-end, bolstered by partnerships with EigenLayer and Succinct.
Nonetheless, broader market challenges may remain, including competition from established ZK players like Polygon and zkEVM, as well as potential regulatory scrutiny on retaking mechanisms.
In this context, significant price levels to monitor are $1.40 and $1.09.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
