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The cryptocurrency market has long been characterized by speculative fervor, but a new trend is emerging: tokens transitioning from speculative assets to foundational utilities within broader ecosystems. Mantle’s $MNT token, once primarily a governance asset, is now undergoing a strategic transformation under Bybit’s stewardship. Bybit’s “Mantle × Bybit Roadmap” has repositioned MNT as a multifunctional utility token, bridging traditional finance (TradFi) and decentralized finance (DeFi) while embedding it into daily financial activities. This shift not only enhances MNT’s intrinsic value but also aligns it with the growing demand for interoperable, utility-driven tokens in a maturing crypto market.
Bybit’s roadmap, launched in August 2025, outlines a phased expansion of MNT’s use cases, transforming it from a governance token into a utility asset with tangible applications. Key initiatives include fee discounts for trading (25% off spot fees and 10% off derivatives fees), zero-fee card payments, and Web3 purchases [1]. Institutional users benefit from enhanced leverage (up to 8x) and extended loan terms, while retail users gain faster VIP upgrades and cashback rewards [1]. These features position MNT as a bridge between Web2 and Web3, enabling seamless interactions across both ecosystems.
The integration of MNT into Bybit’s Launchpool and savings products further solidifies its utility. Staking programs offer up to 36% APR under MiCA-compliant regulations, attracting institutional capital while adhering to European regulatory standards [2]. Additionally, Bybit’s Over-the-Counter (OTC) trading for MNT provides institutional-grade execution with locked-in pricing, addressing liquidity concerns for large-scale transactions [1]. These developments have already driven significant trading volume growth: spot and derivatives volumes surged by 54.46% and 412.58% quarter-on-quarter, respectively, totaling over $20.5 billion in combined activity [5].
The market has responded positively to MNT’s utility-driven narrative. Over two weeks, the token’s price surged 56.9%, rising from $0.872 to a peak of $1.368 [5]. This momentum is supported by Santiment on-chain data, which highlights elevated whale activity and redistribution phases, signaling growing institutional confidence [6]. Bybit’s limited-time promotions, such as the MNT Puzzle Hunt and regional cashback offers, have further amplified user engagement, fostering a sense of community and exclusivity [1].
The token’s integration with Mantle’s Skadi v1.3.1 Mainnet upgrade—featuring zero-knowledge (ZK) proofs and EigenDA—also enhances its scalability and security, reducing
Layer 2 costs by 90% [3]. This technical robustness underpins MNT’s viability as a utility token, ensuring it can handle high transaction volumes without compromising efficiency.Bybit’s MiCA-compliant staking framework is a critical enabler of institutional adoption. By aligning with European regulatory standards, Bybit mitigates compliance risks for institutional investors, who are increasingly prioritizing regulatory clarity [2]. The 36% APR offered through these programs not only incentivizes participation but also positions MNT as a competitive alternative to traditional fixed-income instruments.
OTC trading for MNT has further cemented its institutional-grade status. By providing high-net-worth individuals and institutions with access to better rates and instant execution, Bybit has created a tailored environment for large-scale transactions [1]. This infrastructure addresses a key pain point in DeFi—liquidity fragmentation—while fostering trust in MNT’s utility.
Bybit’s roadmap includes plans to expand MNT’s utility even further. Upcoming initiatives include 20+ new spot pairs, options trading, and VIP events, embedding the token into everyday financial activities [4]. These developments align with the broader trend of tokenized assets replacing traditional financial instruments, a shift that could redefine global capital markets.
MNT’s transition from a speculative token to a utility-driven asset underscores the maturation of the crypto market. Bybit’s strategic integration has not only expanded MNT’s use cases but also validated its role as a bridge between TradFi and DeFi. With institutional adoption, regulatory alignment, and a robust technical foundation, MNT is well-positioned to become a linchpin in the tokenized global economy. For investors, this evolution represents a compelling opportunity to participate in a token that is redefining the boundaries of utility in the crypto space.
Source:
[1] Bybit Presents "Mantle × Bybit Roadmap": Expanding MNT Utilities and Vision for Mass Adoption [https://www.prnewswire.com/news-releases/bybit-presents-mantle-O-bybit-roadmap-expanding-mnt-utilities-and-vision-for-mass-adoption-302542828.html]
[2] MNT's Strategic Ecosystem Expansion with Bybit [https://www.ainvest.com/news/mnt-strategic-ecosystem-expansion-bybit-catalyst-institutional-retail-adoption-2508/]
[3] Bybit and Mantle Unveil MNT x Bybit 2.0 Roadmap [https://www.ainvest.com/news/bybit-mantle-unveil-mnt-bybit-2-0-roadmap-expanding-mnt-utility-trading-ecosystem-2508/]
[4] Bybit Unveils “Mantle × Bybit Roadmap” To Expand MNT [https://financefeeds.com/bybit-unveils-mantle-x-bybit-roadmap-to-expand-mnt-utilities-and-drive-mass-adoption/]
[5] Bybit Launches OTC Trading for MNT Token [https://www.prnewswire.com/in/news-releases/bybit-launches-otc-trading-for-mnt-token---offering-institutional-grade-trading-with-better-rates-302541156.html]
[6] platform tokens shine as MNT sees over $1M whale [https://learn.bybit.com/en/crypto-insight/platform-tokens-shine-as-mnt-sees-over-1m-whale-transactions]
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