Last updated on August 29th, 2025 at 01:00 am
Quick Summary:
- Bitfinex to list Mantle’s native token MNT on August 28, with deposits opening August 26.
- MNT serves as both gas and governance token for Mantle DAO, with a capped supply of 6.219 billion.
- Mantle’s modular Layer-2 design enhances Ethereum scalability, separating execution, consensus, and data availability layers.
Bitfinex has announced it will list MNT, the native token of Mantle, a modular Ethereum Layer-2 network, with trading set to begin on August 28. Deposits for the token will open two days earlier on August 26, according to the exchange.
Mantle, launched in 2023, is governed by its token holder community and designed with a modular architecture that separates execution, consensus, and data availability layers. This structure aims to enhance scalability and performance while retaining the security features of Ethereum. Governance decisions are made through on-chain voting, with proposals enacted once they gain majority support from participants.
Let’s welcome $MNT – now joining Bitfinex!@Mantle_Official is a Layer 2 scaling solution for @ethereum, with the $MNT token powering governance and gas fees on the Mantle network ✅
Find out more ⬇️https://t.co/15yPqQtSZf pic.twitter.com/gOYak7v0tD
— Bitfinex (@bitfinex) August 26, 2025
Mantle’s Role in Ethereum Scaling
The MNT token functions as both a gas token for transaction fees and a governance token for Mantle DAO. Holders can propose and vote on protocol upgrades, while also participating in staking and incentive mechanisms to support the network’s growth. Mantle has capped the supply of MNT at 6.219 billion, with allocations distributed across ecosystem development, governance, and treasury purposes as defined in its governance framework.
Mantle positions itself as part of a new wave of Ethereum Layer-2 networks using modular designs to address congestion and high fees on the base chain. The project has emphasized its community-driven governance model as a differentiator, ensuring token holders directly shape protocol development.
Trading Details on Bitfinex
Bitfinex confirmed that MNT will be listed against the US Dollar (MNT/USD) and Tether (MNT/USDt). The exchange said trading will begin once liquidity requirements are met, with deposits opening on August 26 at approximately 2:00 PM UTC and trading expected to go live at the same time on August 28.
“Mantle’s modular approach to scaling Ethereum, combined with its community-driven governance model, aligns with our vision of a decentralised economy,”
said Anoush Bhasin, Head of Listings at Bitfinex.
In a separate development, BabyBoomToken (BBT), a policy-driven cryptocurrency project, is gaining momentum after securing a major exchange listing on BingX. This milestone follows earlier listings on Gate.io and MEXC, marking a pivotal step in BBT’s broader adoption across international markets.
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