[Crypto projects](https://revain.org/projects/) › Mantle

# 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

## Key facts

- **Ticker**: MNT
- **Official site**: [mantle.xyz](https://www.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

| 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

| 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](https://api.mantle.xyz/api/v1/token-data)).

## 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

| 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](https://api.llama.fi/hacks), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [mantle.xyz/blog](https://www.mantle.xyz/blog), [status.mantle.xyz](https://status.mantle.xyz/)

## Official MNT contracts

| Network | Contract address |
|---|---|
| Ethereum | [0x3c3a81e81dc49A522A592e7622A7E711c06bf354](https://etherscan.io/address/0x3c3a81e81dc49a522a592e7622a7e711c06bf354) |
| Mantle Network (native MNT) | [0xdeaddeaddeaddeaddeaddeaddeaddeaddead0000](https://explorer.mantle.xyz/address/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](https://www.mantle.xyz/)
- Docs: [docs.mantle.xyz/network](https://docs.mantle.xyz/network)
- Governance docs: [docs.mantle.xyz/governance](https://docs.mantle.xyz/governance)
- Block explorer: [mantlescan.xyz](https://mantlescan.xyz/)
- Governance forum: [forum.mantle.xyz](https://forum.mantle.xyz/)
- Source code: [github.com/mantle-xyz](https://github.com/mantle-xyz)
- Governance votes: [snapshot.org/#/bitdao.eth](https://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

- [Mantle — homepage](https://www.mantle.xyz/)
- [Mantle docs — Overviews](https://docs.mantle.xyz/network/introduction/overviews)
- [Mantle governance — Tokenomics](https://docs.mantle.xyz/governance/parameters/tokenomics)
- [Mantle governance — Governance parameters](https://docs.mantle.xyz/governance/parameters/governance)
- [Mantle docs — OP Succinct upgrade notice](https://docs.mantle.xyz/network/introduction/updated-notices/mantle-op-succinct-mainnet-upgrade-and-withdrawal-period-transition)
- [Mantle docs — Migration of DA to Ethereum blobs](https://docs.mantle.xyz/network/introduction/updated-notices/migration-of-data-availability-to-ethereum-blobs)
- [Mantle docs — Audits](https://docs.mantle.xyz/network/more/audits)
- [BitDAO Snapshot — BIP-21](https://snapshot.org/#/bitdao.eth/proposal/0xe81f852d90ba80929b1f19683da14b334d63b31cb94e53249b8caed715475693)
- [BitDAO Snapshot — MIP-22](https://snapshot.org/#/bitdao.eth/proposal/0x950dac4d5715b8aa8eab29c484b1c9dd0eed161141262b0425874f65be4d9f8e)
- [Mantle token-data API](https://api.mantle.xyz/api/v1/token-data)
- [Mantlescan — block 1](https://mantlescan.xyz/block/1)
- [Mantle — Terms](https://www.mantle.xyz/terms)

## More in this section

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- [NEAR Protocol (NEAR)](https://revain.org/projects/near/)
- [Optimism (OP)](https://revain.org/projects/optimism/)
- [Peercoin (PPC)](https://revain.org/projects/peercoin/)
- [All Crypto projects →](https://revain.org/projects/)

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Page updated: 2026-10-31

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Source: https://revain.org/projects/mantle/