
Mantlemnt#50
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$0.4742
7d Change
-6.90%
30d Change
-29.87%
24h High
$0.000000
24h Low
$0.000000
Price Chart
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About Mantle
Mantle is a Layer 2 scaling solution for Ethereum that utilizes optimistic rollup technology with a modular architecture separating execution, settlement, and data availability layers. Developed by BitDAO, it aims to reduce transaction costs while maintaining compatibility with the Ethereum Virtual Machine. The network employs its native MNT token for gas fees and governance, positioning itself among emerging Ethereum scaling competitors.
Primary use case: Ethereum Layer 2 scaling with reduced transaction costs and EVM compatibility
CoinHours Analysis
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Understanding Mantle Price Data
The Mantle price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for Mantle is calculated by multiplying the current price by the circulating supply — the number of MNT units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for Mantle on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
Mantle for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats Mantle and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding MNT for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy Mantle through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Mantle protocol in plain English.
Mantle FAQ
What is Mantle and how does it relate to Ethereum?
Mantle is a Layer 2 blockchain network that uses optimistic rollup technology to process transactions off Ethereum's main chain before settling them on Ethereum. Developed by BitDAO, it aims to reduce transaction costs while maintaining compatibility with Ethereum applications through its modular architecture separating execution, settlement, and data availability functions.
How do I pay taxes on MNT in Australia?
MNT is subject to capital gains tax in Australia under ATO guidance. You must record the Australian dollar value when acquiring and disposing of MNT tokens. Using MNT for gas fees is also a CGT event. Keep detailed records of all transactions including dates, amounts, and AUD values for accurate tax reporting.
What makes Mantle different from other Layer 2 solutions?
Mantle uses a modular architecture that separates execution, settlement, and data availability into distinct layers, allowing independent optimisation of each component. This differs from monolithic approaches used by some competitors. Mantle also emerged from BitDAO's substantial treasury resources, providing significant backing compared to some newer Layer 2 projects.
What are the main risks of investing in MNT?
Key risks include technical vulnerabilities in the rollup mechanism, competition from established Layer 2 solutions like Arbitrum and Optimism, withdrawal delays due to optimistic rollup dispute periods, and regulatory uncertainty. Additionally, Mantle's success depends on attracting developers and users in a highly competitive ecosystem.
Can I use existing Ethereum applications on Mantle?
Yes, Mantle maintains Ethereum Virtual Machine (EVM) compatibility, allowing most Ethereum applications to be deployed with minimal modifications. However, you'll need MNT tokens to pay for gas fees instead of ETH, and the ecosystem is still developing compared to Ethereum's established application landscape.
Frequently Asked Questions
How often is the Mantle price updated?
CoinHours pulls live MNT pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the Mantle price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying Mantle legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store Mantle on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.