Mantle price (MNT) surged nearly 12% in the past 24 hours, becoming one of CoinMarketCap’s top gainers today. The token is trading around $1.81 at press time, while daily trading volume has exploded past $620 million, a more than 50% jump from the previous day.
The bullish performance follows a landmark ZK Rollup upgrade completed on September 17, which reduced withdrawal times from seven days to one hour while maintaining full Ethereum Virtual Machine (EVM) compatibility.
With a total value locked (TVL) of over $2.7 billion, according to DeFiLlama, Mantle now ranks as the largest ZK-powered rollup, surpassing competitors like Arbitrum and Optimism in terms of technical execution.
Mantle Price Action Shows Clear Bullish Structure
The market remains optimistic as MNT shows strong momentum across multiple technical indicators. On TradingView, Mantle’s Relative Strength Index (RSI) is holding near 65, suggesting healthy momentum without overbought conditions.
Meanwhile, on-chain sentiment echoes the charts. Data from Santiment highlights MNT’s rapid ascent since late August, with the token firmly trading above its 7-day and 30-day moving averages.
TradingView’s aggregated technicals point to a “Strong Buy”, with 15 buy signals and zero sell readings across oscillators and moving averages.
The bullish case is further supported by Mantle’s improving fundamentals. DeFiLlama data shows daily decentralized exchange (DEX) volumes exceeding $66 million, with application fees and protocol revenues continuing to trend upward.
Bybit Integration Boosts Utility
Mantle’s recent partnership expansion with Bybit, one of the world’s largest exchanges, is another critical catalyst for demand. Bybit now allows traders to use MNT for trading fee payments, offering 25% discounts on spot trades and 10% discounts on derivatives.
Additionally, MNT holdings now count 1.5x toward VIP tier progression, creating incentives for both retail and institutional traders to accumulate the token.
Beyond integration, Bybit also introduced “Discount Buy” options, enabling users to acquire Mantle at a price below the market rate with savings of up to 6.89%, depending on the holding duration. This mirrors the early growth model of Binance Coin (BNB), where exchange utility transformed a native token into a high-demand asset.
With Bybit’s daily trading volumes consistently above $30 billion, Mantle’s deeper integration might capture a substantial share of exchange-driven liquidity.
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