Mantle (MNT) is broken at an all-time high, surged by more than 150% in just two months, sparking excitement across the crypto community.
The story behind this move is the rise of a new “flywheel” effect driven by Bibit, not just price action. This effect could reconstruct the way Layer 2 networks attract liquidity. Is MNT entering the revaluation phase similar to BNB’s early days, opening the door for oversized returns for early investors?
“Bibit-MNT flywheel”: The growth engine gets hot
The Mantle Network (MNT) is becoming one of the most talked about names in the Layer 2 (L2) ecosystem. It sets a new all-time high, above $1.54, rising more than 150% from the bottom of July. The story combines technical strength, capital inflows and tokonemics and drives breakouts aggressively. This creates a “asymmetric” opportunity for many analysts to compare it to the early stages of BNB or OKB.
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An important highlight of this rally is the flywheel mechanism that the community calls the “bi-bit flywheel.” This model behaves as a loop. Users who trade on BYBit will receive a discount on their fees when they retain their MNT. This will result in higher demand for MNT, causing potential buybacks and burning mechanisms, and is funded by the exchange revenue or the Treasury of the Mantle.
As demand rises, MNT prices rise, encouraging participation and creating recursive price pressure. What sets the mantle apart among other exchange tokens is its evaluation.
Several analyses show that MNT is significantly underestimated compared to its competitors. The market capitalization and volume ratio is 0.1, and the market capitalization and open interest ratio is 0.15, making it the lowest of the main exchange tokens.
“While risks like execution delays, bibit reliance, and L2 competition continue, MNT’s rating metrics are trail peers like BNB, OKB, CRO, and hype. Immediate unlocking and CEDEFI flywheel injection are 36x upside down gems in 612 months.”
Beyond the toconomics narrative, on-chain and market data enhances MNT uptrends.
MNT trading volume has risen to over 58% over the past week, with new spot pairs listed, fees reduced and collateral increased, which has led to an increase in MNT’s loan and value (LTV) ratio.
As previously reported by Beincrypto, Mantle’s network activity and social buzz also surged dramatically, contributing to the FOMO wave and attracting additional liquidity from retail investors.
Another factor that distinguishes the mantle is the Bitdao Foundation. Combined with bitdao’s transition to Layer 2 solution and liquid staking capabilities, MNT is positioned not only as a CEX token, but also as a representative of growing defective systems. The recent addition of two senior bat executives to the Mantle Advisory Committee further strengthened expectations for a deeper integration between the exchange and the project.
However, investing in MNT is not without risk at this stage. Prices are already rising quickly and quickly, relying heavily on catalysts coming from Bibit. If your fee discount program or buyback/burn plans are not meeting expectations, demand can cool down quickly. Furthermore, the Altcoin market remains extremely sensitive to liquidity changes and macro headlines. This means that investors need to carefully manage their location size and risk.
