Mantle wallet growth explodes 21x in a month as MNT price climbs 90%, nearing its ATH. Strategic advisors from Bybit join to boost momentum.
Mantle’s native token, MNT, has lately seen a rise in active wallets and price gains.
Over the past month, active wallets jumped from 7,600 to 159,100, a growth rate of 21 times. Meanwhile, MNT’s price surged by nearly 90 percent. The project has also onboarded key advisors from Bybit, fueling further interest and speculation.
The rapid increase in active wallets shows strong user adoption. According to a recent tweet by Dami-Defi, Mantle’s wallet count rose from 7.6k to 159.1k in just one month.
This is a huge jump for a Layer 2 project backed by Ethereum. The rise in users signals growing confidence in Mantle’s ecosystem and services. With more wallets interacting daily, Mantle’s network activity appears healthier and more vibrant.
The surge also matches a steady climb in MNT’s price. As Dami-Defi noted, the token price increased by 90 percent during this period. Price gains often follow increased network activity, suggesting traders are optimistic about Mantle’s prospects.
This wave of activity aligns with an expanding stablecoin supply on Mantle. AlΞx Wacy pointed out that the stablecoin market cap on Mantle jumped 22.85 percent to $650 million recently. This supports a more liquid environment where decentralized finance applications can thrive.
The growth in stablecoins may attract traders seeking stable assets within Mantle’s ecosystem, further boosting token demand.
Daily active addresses have also soared by 1600 percent over the last month. This statistic reinforces the notion that more users are engaging with Mantle’s network regularly. Increased participation often means stronger ecosystem development and use cases.
Mantle’s latest advisory appointments add weight to its growth story. Helen Liu and Emily Bao from Bybit have joined Mantle as key advisors. Their involvement represents a bridge between Mantle and one of the world’s largest crypto exchanges. It also signals strategic support aimed at improving liquidity and market presence.
The addition of Bybit’s Co-CEO and Head of Spot Trading as advisors, as reported by Dami-Defi, could open new doors for Mantle.
Their expertise and networks can help Mantle expand its reach in the competitive Layer 2 landscape. This move may also accelerate partnerships and integration opportunities. It shows that Mantle is serious about scaling and innovation.
Community members and analysts see this as a positive sign. Sjuul from AltCryptoGems highlighted the impact of Bybit’s leadership backing Mantle, calling it a game-changer for deeper liquidity. This support might help Mantle stand out in an increasingly crowded market.
Having experienced advisors could improve market confidence and attract institutional attention.
The team’s ongoing work behind the scenes remains a key factor. Finish noted that the Mantle team “has been cooking nonstop,” and the price chart looks increasingly bullish.
The advisors’ presence could help channel this work into tangible market results. Overall, these moves indicate Mantle’s commitment to long-term growth.
The recent price action shows MNT closing in on its all-time high of $1.54. Current price data puts MNT at $1.04, representing a nearly 50 percent increase in the past week alone. Despite a slight dip of 2.66 percent over 24 hours, momentum remains robust.
Market observers like AlΞx Wacy emphasize that MNT has risen over 55 percent in the last month. This performance, combined with wallet and stablecoin growth, signals growing market interest. The sharp gains demonstrate that MNT is among the more active tokens in the Layer 2 sector right now.
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