Key Highlights:
- Bybit integrated Mantle Network into its Alpha platform, allowing users to trade Mantle-native tokens and expanding its multi-chain trading ecosystem.
- The first batch of tokens listed includes BSB, SCOR, ELSA, and VOOI, with more Mantle-based assets expected to be added in the future.
- Following the announcement, Mantle (MNT) climbed about 5% to nearly $0.69, while the ecosystem’s stablecoin market value expanded sharply toward the $1 billion mark.
Crypto exchange Bybit has announced support for the Mantle Network on its Alpha platform. The move enables users to trade several assets built on the Mantle ecosystem directly through the exchange’s multi-chain trading interface. Soon after the announcement, the market reacted positively.
Mantle ($MNT) recorded a modest but noticeable rise. Market data showed the asset jumping roughly 5.05 % to around $0.6923 following the news.
Mantle Assets Begin Trading on Bybit Alpha
The Alpha platform introduced an initial set of Mantle-based tokens. The first batch includes assets linked to projects operating across different sectors of the network. Among the listed tokens is $BSB from BlockStreet. Another listing is $SCOR connected to SCOR Protocol.
The exchange also added $ELSA from HeyElsa AI as well as $VOOI associated with VOOI. These assets can now be traded through the Alpha interface, which is powered by data and infrastructure partners including Fluxion Network and Birdeye.
Bybit indicated that more Mantle-based tokens may be added in the future as the platform expands its multi-chain coverage.
Mantle Network Targets Scalable Blockchain Infrastructure
The network works as a Layer-2 scaling solution on top of Ethereum. Developers and liquidity providers have been drawn to the network in the past year. The growth in the popularity of chain activity has further increased the user base for the project. By integrating Mantle assets, Bybit Alpha will be an access point for participants looking to explore emerging blockchain ecosystems.
Multi-chain platforms are becoming more popular as users flock from network to network seeking better services and cost-effective transactions. Bybit has also launched a user promotion for Mantle trading. One of the events has a puzzle-type activity called the Mantle Chain Celebration Puzzle Hunt. Participants can work through a series of tasks linked to Mantle’s ecosystem. Those who complete the challenges will be able to obtain shares in a 200,000 USDT reward pool.
The Mantle ecosystem was recently in news for its rising activity, especially growing stablecoin market value.
Over the past 30 days, the total market cap of stablecoins circulating within the Mantle ecosystem has increased significantly. Figures suggest the value rose from nearly $494 million to around $870 million during that period.
The growth trend continued into the following week. Market data shows the stablecoin market value climbing further to approximately $982.58 million after recording a 10.3% increase over seven days.
The move comes as Mantle doubles down on an integrated strategy: pair an Ethereum Layer 2 with native liquid staking and restaking, then plug that liquidity into DeFi.
Campaigns such as “Methamorphosis” and ecosystem incentive seasons have further fuelled user onboarding and capital rotation into Mantle’s products. Mantle also recently launched Aave V3 Mainnet, which facilitates a seamless bridge between Centralized Finance and Decentralized Finance by introducing institutional-grade liquidity.
The combination of increased liquidity and new exchange integrations may further help strengthen the visibility of Mantle-based assets in the global crypto market.
Also Read: Binance Alpha Lists Ondo Tokenized Stocks; Expand RWA Access For Users
