Ethereum News Today: Buyers Drive Mantle to New Heights as Sellers Fade into the Background

Generated by AI AgentCoin World
Tuesday, Aug 19, 2025 10:38 am ET1min read
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Aime RobotAime Summary

- Mantle's MANTLE token surged 15.32% in 24 hours, driven by 85% buyer-dominated trading activity and strong demand.

- The token outperformed Layer 2 peers with 112% YTD gains, 31.44% above Ethereum and 12.64% above Bitcoin.

- Mantle's $4.48B market cap and 31% 24-hour volume growth contrast with declining volumes in competing Layer 2 tokens.

- Modular architecture and EigenLayer partnerships position Mantle as a key Ethereum scaling solution with governance-driven development.

- Ranking 305th on Coinbase, the token now trades at $1.36 with $600.59M daily volume, approaching its $1.50 all-time high.

Mantle, a Layer 2 scaling solution for

Ethereum
, has seen a steady price increase, maintaining a strong upward trajectory as traders continue to push the MANTLE token toward higher levels. The token’s price reached $1.36 as of the latest update, representing a 15.32% increase in 24 hours and a 26.48% rise in the past week. This surge places Mantle among the top-performing Layer 2 solutions, outpacing the broader category’s average performance [1].

The momentum appears to be driven by a combination of growing interest and strong buyer participation. According to recent data, 85% of the trades in the last 24 hours were from buyers, with 1.2K buyers and 448 sellers recording 1,368 total trades. The buyer ratio suggests a clear trend of increasing demand, supported by the token’s 109.49% buyer activity compared to the 120.69% of sellers [1].

Mantle’s market capitalization currently stands at $4.48 billion, with a fully diluted valuation of $8.27 billion. The circulating supply of the token is 3.4 billion MANTLE, or 54% of its maximum supply of 6.2 billion [1]. This relatively low circulating supply, combined with a rising price, has led to increased visibility in the cryptocurrency market. Mantle’s 24-hour trading volume has increased by 31%, standing in contrast to the declining volume seen in other Layer 2 tokens like ZK, which has experienced a 44% decrease in the same period [1].

The token has also outperformed the broader Layer 2 category in terms of yearly gains. Mantle’s price has increased by 112% year-to-date, nearly tripling the 34% average gain for the category. This outperformance is further highlighted by the token’s 31.44% increase relative to Ethereum and a 12.64% increase relative to

Bitcoin
[1]. Mantle’s all-time high of $1.50, reached in April 2024, remains a key price level to watch, as the token is currently trading at a 10% discount to that level.

Looking ahead, traders are closely monitoring the token’s ability to maintain its current momentum. Mantle’s modular architecture and compatibility with the Ethereum Virtual Machine have positioned it as a viable scaling solution for Ethereum developers, and the token’s governance model allows MNT holders to influence the future direction of the network. The growing ecosystem and strategic partnerships, including collaboration with the EigenLayer restaking protocol, have added to the token’s appeal [1].

As Mantle continues to climb in popularity, it now ranks as the 305 most popular cryptocurrency on

Coinbase
, a measure based on relative market capitalization. With a 24-hour trading volume of $600.59 million and a seven-day volume of $4.2 billion, the token’s liquidity and market depth are steadily improving [1].

Source: [1] Mantle Price, MANTLE Price, Live Charts, and Marketcap (https://www.coinbase.com/price/mantle)