Hexens, MixBytes, Secure3, Verilog, etc. participated as major auditing agencies, and in particular, in the case of the mETH protocol, the non-custodial asset management logic was intensively inspected.21 In addition, during the Arsia upgrade process, an audit of the OP Stack fork and L1 data fee model was completed by CertiK to confirm technical consistency.8 2. The economic system of the Mantle Network is designed to produce two core values of 'modular scalability' and 'abundant liquidity'. It is designed.1 To solve the bottleneck experienced by existing monolithic blockchains by processing execution and data availability in one layer, Mantle separates the...
Investment View
Unlike those used, Mantle adopted MNT as a gas fee.3 This means that network users must hold MNT, directly linking network growth and token demand.27 2. Fee structure analysis: Mantle strategically subsidizes L1 data costs among the gas fees charged to users.26 This is advantageous for initial user influx, but suggests that there is still a limit to covering self-sustaining operating expenses, with weekly fee revenue remaining at the level of several hundred dollars.37 Net chain revenue \= total Collection gas fee - (L1 data submission cost + infrastructure operation cost) 2. Treasury-based growth engine: Mantle does not simply hold...
Mantle started out as an Ethereum-based Layer 2, but as of 2026, the official narrative has moved to “Blockchain for Banking” and an on-chain financial stack rather than a simple scalable network. The official group site presents Mantle's vision as “finance is free, efficient, and accessible,” and groups MNT, Mantle Network, mETH Protocol, Function, Mantle Index Four, UR, and MantleX as innovation axes. As of May 15, 2026, the total treasury on the official site is approximately $2.727 billion, and the proportion of MNT is 76.66%, ETH/mETH/cmETH is 9.57%, BTC is 8.79%, and stable is 4.36%.
Investment View
In other words, Mantle's current maturity level is not "network fee independent L2" but "treasury investment return + financial product + ecosystem demand. However, this strategy has both advantages and risks. Mantle's overall maturity is evaluated at 68.7/100.