MantleMNT

Gas and governance token of Mantle Network, an Ethereum layer 2 whose treasury holds about half the supply.

Rank #59Since July 2023

Price on 31 Oct 2026

C$0.6640 +19.1% since 31 Jul 2026 · 83.3% below its all-time high

The short version

Mantle Network is an Ethereum layer 2 governed by MNT holders and run by the Mantle Core Contributor team; it grew out of BitDAO, with the token converted to MNT in July 2023. Total supply is 6,219,316,795 MNT and the Mantle Treasury holds about 2.92 billion (47%), valued at US$2.25 billion on 13 Oct 2026. Tokenized stocks issued on Mantle passed US$1 billion of assets on 27 Oct 2026. On 31 Oct 2026 one MNT cost C$0.6640. From 31 Jul 2026 to 31 Oct 2026 its price changed +19.1% in Canadian dollars, and it was 83.3% below its all-time high of C$3.98 set on 8 Oct 2025.^[1]

Facts checked 2 Nov 2026 · 15 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$2.01 (3 Nov 2025) · low C$0.5502 (1 Aug 2026) · -67.0%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.6633	US$0.4751
30 Sep 2026	C$0.9468	US$0.6651
31 Aug 2026	C$0.7600	US$0.5481
31 Jul 2026	C$0.5567	US$0.3969
30 Jun 2026	C$0.6085	US$0.4282
31 May 2026	C$0.9349	US$0.6777
30 Apr 2026	C$0.8508	US$0.6245
31 Mar 2026	C$0.9562	US$0.6860
28 Feb 2026	C$0.8675	US$0.6359
31 Jan 2026	C$1.06	US$0.7782
31 Dec 2025	C$1.33	US$0.9668
30 Nov 2025	C$1.52	US$1.09

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.6640^[1]
3-month change: +19.1% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 83.3% below its high of C$3.98 (8 Oct 2025)^[1]
Market rank: #59, market value about C$2.2B^[1]
Kind: Token · Ethereum (ERC-20 proxy); native gas on Mantle Network
Started: July 2023

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?YesGnosis multisig owner can mint up to 2% a year; cap now 0, nothing minted yet^{[2, 3, 4]}

Can anyone freeze or take coins from holders?NoNo blacklist, pause or balance-change function in the token contract^{[2, 5]}

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[5]

Is the supply capped?NoNo hard maximum; the owner can mint up to 2% a year after raising the cap^{[2, 3]}

Any scheduled unlocks in the next 12 months?NoNo vesting schedule; treasury spending follows governance budgets (up to 200M MNT a year)^{[6, 7]}

Does a team or foundation hold over 10% of supply?YesThe Mantle Treasury holds about 2.92 billion MNT, 47% of supply^{[6, 8]}

Do network fees reach coin holders?NoChain fees (US$200k in the past year) go to the sequencer and treasury; no burn or buyback^[9]

Main network hacked or halted in the past 2 years?NoNo Mantle exploit or halt in the DefiLlama hacks list; the Apr 2026 Arsia fork was planned^{[10, 11]}

Is a regulator or court case targeting the coin itself?NoNo regulator or court case found^[10]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Mantle Governance (MNT holder votes) and the Mantle Core Contributor team; budgets set by MIP proposals, successor to BitDAO^{[6, 10]}
Treasury: US$2,252,971,490 on 13 Oct 2026, 71.78% in MNT, plus ETH, BTC and stablecoins^[12]
Admin powers: A Gnosis multisig owns the token contract and can set a mint cap of up to 2% a year (now 0%)^{[2, 3, 4]}
Bybit link: Bybit, the founding backer of BitDAO (now Mantle), has shared Mantle's roadmap since Aug 2025^[10]

Supply

In circulation: 3.30B MNT of a 6.22B maximum (53.1%)^[1]
Fully diluted value: 1.88 times its current market value^[1]
Total: 6,219,316,794.89 MNT; circulating 3,302,003,383 on 2 Nov 2026 (Mantle API)^[8]
Treasury holdings: About 2.92 billion MNT (47%) outside circulation on 2 Nov 2026; the docs list 3,046,328,614 (49%)^{[6, 8]}
New coins: None minted; the owner may mint at most 2% a year, once per 365 days, and the cap is currently 0^{[2, 3]}
Budget: Core budget for Jul 2025 to Jun 2026 capped at 200M MNT and 52M USDx (MIP-33)^[7]

Use and fees

Main use: Gas on Mantle Network, governance votes and treasury-funded products such as mETH, Mantle Index Four and Mantle Vault^{[6, 10]}
Network fees: US$200,247 of Mantle chain fees in the past year; Mantle Restaking took US$4.89M^[9]
Who gets fees: Fees go to the sequencer and treasury; no burn or buyback^[9]
Holder distributions: Treasury airdrops to MNT holders included 4M ENA, 570,000 EIGEN and 200M COOK^[12]

Trading

Daily trading: About C$39.7M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 1.46% of its market value changes hands each day^[1]
20-week average: 6.9% below its 20-week average price^[1]
1-year change: -66.7% in C$^[1]^[13]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[14]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found

Red flag: The token contract's owner, a 6-of-14 Gnosis multisig, can set a mint cap of up to 2% of supply a year and mint new MNT without a protocol schedule.^{[2, 3, 4, 15]}

The token contract owner, a Gnosis multisig, can raise the mint cap to 2% a year and mint; the cap has been 0 and no MNT has been minted.^{[2, 3, 4]}
The mandatory Arsia hard fork (v1.5.4) activated on Mantle mainnet on 22 Apr 2026 with a CertiK audit.^[10]
Tokenized stocks issued on Mantle passed US$1B of assets on 27 Oct 2026.^[10]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.