Mantle (MNT): how it works, supply and reviews

In short

Type: Ethereum layer-2 rollup (EVM-compatible) with separate execution, data availability, proving and settlement modules
Initial distribution: 6,219,316,768 MNT at the 7 July 2023 snapshot: 49.0% Mantle Treasury, 51.0% circulating
Risks and caveats: MNT is upgradeable and governance can authorise new minting, so supply rules can change by vote
Checked: 31 October 2026

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Key facts

Ticker: MNT
Official site: mantle.xyz

Key facts checked on 31 October 2026 against official sources.

What is Mantle

Mantle Network is an Ethereum layer-2 network that runs Ethereum contracts with minimal changes and settles on Ethereum using ZK validity proofs. MNT is its gas and governance token; the Mantle brand absorbed the BitDAO governance organisation in 2023.

Network and consensus

Network and consensus — Mantle
Parameter	Details
Type	Ethereum layer-2 rollup (EVM-compatible) with separate execution, data availability, proving and settlement modules
Consensus	Relies on Ethereum: state transitions are verified on Ethereum through ZK validity proofs
Launched	First mainnet block on 2 July 2023 (chain ID 5000)
Withdrawal period	Bridge withdrawals finalise after 12 hours since 23 September 2025 (previously 7 days)
Data availability	Migrating data availability from EigenDA to Ethereum blobs (EIP-4844)
Smart contracts	Yes; Ethereum contracts and tools work with minimal modification

Supply and issuance

Supply and issuance — Mantle
Parameter	Details
Initial distribution	6,219,316,768 MNT at the 7 July 2023 snapshot: 49.0% Mantle Treasury, 51.0% circulating
Issuance	The MNT contract has an upgrade and a governance-authorised mint function, as in ARB and OP
Circulating supply method	Circulating supply = total supply minus MNT held in Treasury Holdings
Token conversion	BIT converted one-way to MNT at 1:1

On 31 October 2026: 3,302,003,382 MNT in circulation, 6,219,316,794 MNT in total (source: Mantle token-data API).

What MNT is used for

Voting weight in Mantle Governance (one MNT, one vote weight)
Paying gas fees on Mantle Network, where MNT is the native token
A principal asset in Mantle Rewards Station

Who develops and governs Mantle

Governance: MNT holders vote on Mantle Improvement Proposals covering products, tokenomics, budgets and the Treasury
Voting venue: Off-chain Snapshot votes in the space bitdao.eth
Treasury custody: Treasury held in Safe multi-signature wallets
Legal entity: Website terms are governed by Singapore law; the network is described as incubated by a DAO
Open source: Code published in the mantlenetworkio and mantle-xyz GitHub organisations

History

History — Mantle
Date	Event
2021	BitDAO launched as a DAO-directed treasury and governance platform for the BIT token
19 May 2023	BIP-21 vote (12-19 May 2023) approved merging the BitDAO brand into Mantle under a one-brand, one-token plan
7 June 2023	MIP-22 vote (31 May-7 June 2023) set the BIT to MNT conversion at 1:1
2 July 2023	First Mantle mainnet block produced
7 July 2023	Initial MNT distribution snapshot of 6,219,316,768 MNT
23 September 2025	After the OP Succinct upgrade (from 16 September 2025), withdrawals moved from 7 days to 12 hours

Security and audits

Audit reports for the v2 upgrades are published in the docs, including Secure3, OpenZeppelin and Sigma Prime for v2 Tectonic (March 2024)
A forced transaction inclusion mechanism lets users fall back to Ethereum if the system fails
The 12-hour withdrawal window is kept as a buffer so the team can respond to a bridge security event

Security incidents

No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): api.llama.fi/hacks, rekt.news/leaderboard, hacked.slowmist.io/search, mantle.xyz/blog, status.mantle.xyz

Official MNT contracts

Official MNT contracts
Network	Contract address
Ethereum	0x3c3a81e81dc49A522A592e7622A7E711c06bf354
Mantle Network (native MNT)	0xdeaddeaddeaddeaddeaddeaddeaddeaddead0000

Addresses as listed in the Mantle governance documentation; the BIT to MNT migrator contract is 0xffb94c81d9a283ab4373ab4ba3534dc4fb8d1295 on Ethereum.

Risks and caveats

MNT is upgradeable and governance can authorise new minting, so supply rules can change by vote
Governance votes are off-chain Snapshot polls; execution relies on Treasury multi-signature holders
Until data moves fully to Ethereum blobs, data availability depends on external EigenDA operators
MNT transfers to US persons are restricted under the token documentation

Official links

Website: www.mantle.xyz
Docs: docs.mantle.xyz/network
Governance docs: docs.mantle.xyz/governance
Block explorer: mantlescan.xyz
Governance forum: forum.mantle.xyz
Source code: github.com/mantle-xyz
Governance votes: snapshot.org/#/bitdao.eth

Questions and answers

What is Mantle?

Mantle Network is an EVM-compatible Ethereum layer-2 that settles with ZK validity proofs; MNT is its gas and governance token.

Is Mantle the same as BitDAO?

Yes. Under BIP-21 (May 2023) BitDAO merged into the Mantle brand and BIT holders converted to MNT at 1:1 under MIP-22.

What is the total supply of MNT?

About 6.22 billion MNT total and 3.30 billion circulating as of 31 October 2026, per Mantle's token-data API; governance can authorise minting.

How long do withdrawals from Mantle to Ethereum take?

Since 23 September 2025 bridge withdrawals finalise after a 12-hour window, down from 7 days.

Sources

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Page updated: 2026-10-31