Analysts speculate the move may be tied to protocol upgrades or whale activity.
Mantle is seeing a major liquidity surge. Its stablecoin market capitalization rose 22.85% over the past week, hitting $653.51 million, according to Lookonchain data posted on August 5. This growth reflects rising confidence in the Mantle ecosystem as DeFi activity picks up speed.
At the same time, Mantle’s native token MNT jumped nearly 25% in a single day. The price reached $0.8717, up 19.9% in 24 hours, with a peak of $0.9095. The token is now ranked #46 by market cap on major platforms.
The rise in stablecoin TVL is a strong indicator of fresh capital entering the Mantle network. According to Refillama, the chain now hosts $687.2 million in total value locked (TVL), including $233.23 million locked in DeFi-specific protocols.
Much of the recent momentum stems from new use cases and dApps launching on Mantle. Decentralized exchanges (DEXs), perpetual contracts, and bridged assets have helped drive activity. Daily DEX volume crossed $33.74 million, with perps volume exceeding $1.64 billion.
The increase in app fees and revenue, both at $3,838 daily, also points to growing user engagement. USDT dominance continues to play a central role in Mantle’s stablecoin market cap, reflecting user preference for Tether-based assets.
In a major development, Mantle was recently added to the Strategic ETH Reserve. The network now holds 101,867 ETH, valued at approximately $388 million. This further cements its position as a serious player among Ethereum Layer 2 ecosystems.
ETH reserves help reinforce liquidity, ensure system stability, and provide collateral backing for on-chain activities. Mantle’s ETH contribution aligns with its push to build trust and expand DeFi capabilities.
MNT now trades at $0.8717, with a 24-hour trading volume of $466.44 million. Its market cap stands at $2.93 billion, and its fully diluted valuation sits above $5.42 billion. Circulating supply is 3.36 billion, with total and max supply capped at 6.21 billion.
Mantle Daily Price Chart on August 8, 2025, by Coingecko
While price movement often grabs headlines, the deeper story lies in Mantle’s growing infrastructure and stablecoin depth. These metrics suggest rising user activity and sustained liquidity support.
Mantle’s expanding TVL, stablecoin presence, and ETH backing position it well for further growth. The network’s rapid climb in DeFi rankings shows investor appetite for newer Layer 2 solutions with real traction. If development and adoption continue at this pace, Mantle could become a key pillar in Ethereum’s modular future.
