MNT's All-Time High Driven by Interoperability and Institutional Bet

Mantle’s native token, MNT, surged past $1.54 to reach an all-time high on September 10, 2025, driven by a series of developments within the Mantle Network. The token’s price gained 17% in 24 hours, with trading volume increasing by 50% as investors demonstrated renewed interest in the ecosystem. This movement was partly fueled by the integration of Mantle with HyperEVM via LayerZero’s Omnichain Fungible Token standard, which expanded MNT’s utility across multiple blockchain networks.

The rise in MNT’s value coincided with the broader crypto market’s positive momentum, with Bitcoin climbing above $114,000. However, Mantle’s gains were more pronounced due to specific advancements in its infrastructure, including low-cost and high-speed transaction capabilities that have attracted DeFi projects. Mantle’s total value locked (TVL) also surpassed $1.8 billion, highlighting growing traction in decentralized finance applications.

A significant catalyst for MNT’s surge was Bybit’s announcement of 21 new trading pairs for the token on its platform, which significantly increased liquidity and accessibility for traders. Bybit also introduced a “HOLD & Earn” feature for MNT and the XUSD stablecoin, offering investors the opportunity to earn a share of a $60,000 prize pool. The exchange, the fifth-largest in the world by trading volume, further incentivized MNT adoption by launching a reward program, which amplified demand and pushed the token’s market capitalization to $4.8 billion.

Retail and institutional interest in MNT has also surged, with futures open interest (OI) reaching $153 million as of September 10, a sharp increase from $99 million on September 3 and $21 million on August 4. This spike in OI signals heightened trading activity and investor confidence in the token’s long-term potential. On the technical side, MNT remains above key moving averages, including the 50-day, 100-day, and 200-day EMA lines, while the MACD indicator supports a bullish outlook.

Despite the strong upward trend, analysts caution that the market may be overheated, with the RSI reaching overbought levels above 70. This raises the possibility of a short-term correction, with potential support levels identified at the 50-day EMA of $1.08 and the 200-day EMA of $0.88. However, as long as the blue MACD line remains above the red signal line, the bullish momentum is expected to persist.

Mantle’s ability to maintain its price gains will largely depend on its capacity to deliver on technological advancements and sustain ecosystem growth. Ongoing developments, such as enhanced cross-chain interoperability and deeper DeFi integrations, are expected to further solidify MNT’s position as a leading token in the layer-2 space. With a growing number of developers and users, Mantle’s trajectory appears poised to continue upward, with many analysts forecasting the token could reach $2.00 or higher if current trends hold.