Mantle, the open financial network connecting global market participants to institutional-grade capital-market assets on-chain, said on September 3 that the Paxos-issued stablecoin USDG is now live on the network as one of its first natively minted dollar stablecoins. The integration makes Mantle a Network Partner of the Global Dollar Network (GDN), which has grown to more than 150 partners with over $3 billion of USDG in circulation.
How Mantle Fits Into the Global Dollar Network Unlike a standard token listing, Mantle’s entry places the network inside GDN’s reward-sharing structure as a Network Participant, joining partners that include Robinhood, Kraken, Mastercard, OKX and Bullish, according to the announcement. The model is designed to share the economics of USDG adoption with the partners that drive it rather than leaving the issuer to retain them.
USDG becomes the regulated dollar asset across Mantle’s ecosystem, from DeFi utilities to capital allocation for institutions, and joins an existing stablecoin lineup that already includes AUSD by Agora, USDe by Ethena, USDY by Ondo and USDT0 by Tether.
Regulatory Standing and Circulation Growth USDG circulation has climbed past $3.5 billion, according to the release, making it one of the largest regulated dollar stablecoins in the market. It operates under dual regulatory oversight from Singapore’s Monetary Authority and the European Union’s MiCA framework, a combination Paxos positions as rare among stablecoins. Paxos publishes monthly reserve reports, and USDG is fully redeemable one-to-one for U.S. dollars.
Mantle’s Expanding RWA Stack The addition extends Mantle’s push into institutional-grade assets. Its stablecoin total value locked has crossed $982 million, while its real-world-asset TVL has grown from roughly $22 million to about $240 million over the past year. Its count of tokenized assets, spanning equities, ETFs, commodities, treasuries and credit, has expanded to more than 700.
“Joining Global Dollar Network and bringing USDG onto Mantle puts us inside a more active economic system,” said Emily Bao, Key Advisor at Mantle and Head of Spot at Bybit. Walter Hessert, Head of Strategy at Paxos, added that native USDG issuance puts a regulated dollar “at the center of the ecosystem” and that, as a Global Dollar Network partner, Mantle shares in the upside it helps create.
The move follows other Global Dollar Network expansions, including OKX’s earlier integration of USDG for its users, and builds on Mantle’s own chain-level upgrades such as its $2.5 billion MNT token migration to Chainlink CCIP. Whether native USDG issuance materially deepens institutional activity on Mantle remains to be seen, but the partnership gives the network a regulated settlement asset that remains rare across the stablecoin market.
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USDG Goes Native on Mantle@Mantle_Official announced on Thursday that USDG, the dollar-pegged stablecoin issued by @Paxos, is now live on Mantle as one of the first assets natively minted on the network. The move formally makes Mantle a Network Partner of the Global Dollar Network (GDN), placing it alongside more than 150 partners including Kraken, Robinhood, and Mastercard in a shared-reward structure that distributes economic upside to partners who drive adoption.
Unlike a standard chain integration, where the issuer keeps the economics, Mantle's entry into GDN means it participates directly in the network's reward-sharing model. Partners can earn rewards by minting, holding, or accepting USDG, according to the official press release.
A Regulated Dollar for an Institutional NetworkThe timing matters for Mantle's broader strategy. The network has been building out an institutional-grade on-chain asset suite spanning tokenized equities, treasury yield, private credit, and money markets. USDG provides the regulated dollar settlement layer that infrastructure requires. Walter Hessert, Head of Strategy at Paxos, noted that "native USDG issuance puts one at the center of the ecosystem, and as a Global Dollar Network partner, Mantle shares in the upside it helps create."
USDG carries a market cap of approximately $3.24 billion and operates under dual regulatory supervision: the Monetary Authority of Singapore (MAS) and the European Union's MiCA framework. That combination of scale and regulatory standing is uncommon in the stablecoin market. Paxos issues the token in the EU through Paxos Issuance Europe OY, and USDG is fully redeemable one-to-one for US dollars. The integration adds USDG to Mantle's existing stablecoin roster alongside AUSD, USDe, USDY, and USDT0.
Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner, according to a Thursday announcement.
The integration makes USDG one of the first stablecoins to be natively minted on Mantle and brings the network into USDG’s reward-sharing structure. As a partner, Mantle can receive a share of the rewards generated by USDG activity, joining a network of more than 150 partners, including Kraken and Robinhood.
USDG has a market capitalization of about $3.18 billion, making it the seventh-largest stablecoin tracked by DefiLlama. The stablecoin is issued by Paxos and operates under regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reports on its reserves.
Top 10 stablecoins by market cap. Source: DefiLlama
USDG joins several other stablecoins available on Mantle, including Agora’s AUSD, Ethena’s USDe and Tether’s USDT0. Mantle said USDG will be used across its ecosystem for DeFi applications and institutional capital allocation.
Mantle has also seen recent growth in tokenized real-world assets (RWA). The network had $234.2 million in distributed RWA value as of Wednesday, up 19% over the past 30 days, according to RWA.xyz data.
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Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner, according to a Thursday announcement.
The integration makes USDG one of the first stablecoins to be natively minted on Mantle and brings the network into USDG’s reward-sharing structure. As a partner, Mantle can receive a share of the rewards generated by USDG activity, joining a network of more than 150 partners, including Kraken and Robinhood.
USDG has a market capitalization of about $3.18 billion, making it the seventh-largest stablecoin tracked by DefiLlama. The stablecoin is issued by Paxos and operates under regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reports on its reserves.
Top 10 stablecoins by market cap. Source: DefiLlama
USDG joins several other stablecoins available on Mantle, including Agora’s AUSD, Ethena’s USDe and Tether’s USDT0. Mantle said USDG will be used across its ecosystem for DeFi applications and institutional capital allocation.
Mantle has also seen recent growth in tokenized real-world assets (RWA). The network had $234.2 million in distributed RWA value as of Wednesday, up 19% over the past 30 days, according to RWA.xyz data.
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Paxos has launched the USDG stablecoin natively on Mantle, marking a significant development for the Ethereum layer-2 solution. The rollout was announced on Thursday, making USDG one of the earliest stablecoins to be minted directly on the Mantle network.
Integration with Mantle and reward-sharingBy joining the Global Dollar Network as a partner, Mantle now participates in USDG’s reward-sharing system. This partnership allows Mantle to receive a portion of the rewards derived from activities involving USDG on its platform. Mantle joins an ecosystem of over 150 partners, which includes prominent industry players such as Kraken and Robinhood.
USDG is now listed alongside several other stablecoins available on Mantle, including Agora’s AUSD, Ethena’s USDe, and Tether’s USDT0. Mantle representatives stated that USDG will serve various purposes across their ecosystem, supporting decentralized finance applications and institutional portfolio strategies.
With this integration, Mantle stands among the first networks to support native minting of USDG and is now part of a collaborative ecosystem that shares in the growth and rewards from USDG usage.
USDG’s market position and complianceUSDG maintains a market capitalization of around $3.18 billion, ranking as the seventh-largest stablecoin according to DefiLlama data. The asset is issued by Paxos, a blockchain infrastructure company known for regulatory compliance, particularly in Singapore and the European Union.
Paxos provides monthly disclosures about USDG’s reserves, aiming to ensure transparency for users and partners. The presence of established partners in the network, combined with these regulatory safeguards, positions USDG as a reliable option for various financial applications on Mantle.
Mini dictionary: Paxos is a US-based blockchain infrastructure provider that issues regulated digital assets, including stablecoins, and publishes reserve attestations monthly to verify backing and compliance.
StablecoinMarket CapIssuerNetwork AvailabilityUSDG$3.18 billionPaxosMantle, othersAUSDNot specifiedAgoraMantleUSDeNot specifiedEthenaMantleUSDT0Not specifiedTetherMantleGrowth in real-world asset tokenizationMantle has reported rising activity in tokenized real-world assets (RWA). As of Wednesday, the network had distributed $234.2 million in RWA value, reflecting a 19% increase over the past month. Data for this sector was provided by RWA.xyz, a platform tracking tokenized asset growth across blockchain networks.
These developments suggest that Mantle is strengthening its position as a destination for both stablecoin traffic and tokenized assets. The addition of USDG expands the suite of stablecoins on Mantle and broadens its usage scenarios for DeFi applications and institutional investors.
Paxos-issued USDG has launched natively on Mantle, adding the Ethereum layer-2 network to a stablecoin coalition with more than 150 partners.
Summary
USDG can now be minted directly on Mantle and used for DeFi liquidity and institutional settlement. Mantle has joined the Global Dollar Network and can share in rewards generated by USDG activity. USDG had about $3.18 billion in circulation, ranking seventh among stablecoins tracked by DefiLlama. Mantle’s distributed RWA value reached $234.2 million after rising 19% over 30 days. USDG brings native stablecoin issuance to Mantle Global Dollar Network said in its announcement on Sept. 3 that USDG is now available as one of the first stablecoins issued directly on Mantle, allowing the token to enter circulation without relying on a wrapped version created through a third-party bridge.
Built as an Ethereum layer-2 network, Mantle uses Ethereum-compatible infrastructure while processing transactions away from the base chain. Developers can therefore use existing Ethereum tools while benefiting from the network’s lower transaction costs and higher capacity, according to the announcement.
USDG will provide a dollar-linked settlement and liquidity asset for Mantle’s decentralized finance applications and tokenized investment products. Mantle said intended uses range from DeFi transactions to capital allocation by institutions, though access to individual products remains subject to each issuer’s terms and local regulations.
Native issuance also changes the technical path used to place the stablecoin on the network. Instead of holding a token on another blockchain and issuing a bridged representation, Paxos can create and redeem USDG directly on Mantle. Paxos says each token is redeemable one-to-one for U.S. dollars.
USDG is already issued on Ethereum, Solana, Ink, X Layer and Robinhood Chain. In February 2025, crypto.news covered its Solana expansion, which gave institutions access through Kraken and Anchorage Digital and added payment, remittance, and treasury-management use cases.
According to DefiLlama data, USDG had approximately $3.18 billion in market capitalization and ranked as the seventh-largest stablecoin. Global Dollar Network placed circulation closer to $3.5 billion in Thursday’s announcement, a difference that may result from the timing and methods used by the two sources.
Mantle joins USDG’s 150-partner network Alongside the native launch, Mantle has joined the Global Dollar Network, a coalition built around the distribution and use of USDG. The group has more than 150 partners, including Kraken, Robinhood, Paxos, OKX, and Worldpay.
Global Dollar Network uses a reward-sharing structure under which participating companies can receive part of the income generated by assets backing USDG. The amount available to each participant depends on its role, activity and commercial agreement with the network.
For Mantle, partner status adds an economic layer to the stablecoin integration. The network can receive rewards tied to USDG adoption while developers obtain another dollar-linked asset for trading, lending, payments and settlement.
Paxos Digital Singapore issues USDG under the supervision from the Monetary Authority of Singapore. Within the European Union, Paxos Issuance Europe issues the token under the supervision of Finland’s Financial Supervisory Authority and in compliance with the Markets in Crypto-Assets Regulation.
Paxos publishes monthly reserve reports covering the assets backing USDG. The company says the stablecoin is fully backed by reserves and can be redeemed at par, while the Global Dollar Network distributes part of the reserve income to eligible business partners rather than automatically paying it to every token holder.
An earlier European rollout made USDG available through exchanges and custody companies including Kraken, Gate, SwissBorg and Zodia Custody. The MiCA-compliant launch gave Paxos separate regulated issuance arrangements for Singapore and the European Economic Area.
Mantle expands its tokenized asset business Native USDG arrives as Mantle adds tokenized equities, exchange-traded funds, commodities, U.S. Treasuries and asset-backed credit products. The Mantle team placed its RWA total value locked at about $240 million, compared with roughly $22 million a year earlier.
Separate data from RWA.xyz showed $234.2 million in distributed real-world asset value on Mantle as of Wednesday, up 19% over the previous 30 days. The difference between that figure and other estimates can stem from reporting dates and whether a provider measures distributed asset value, DeFi deposits or the full value of tokenized products.
Mantle said its ecosystem contains more than 700 tokenized assets. Recent additions include SPCXx, a product linked to privately held SpaceX, and USPXx, which tracks Franklin Templeton’s U.S. Equity Index ETF. Token terms can differ, meaning a blockchain token may provide direct ownership, an issuer-backed claim or only price exposure to the referenced asset.
More recent Blockworks Research data placed Mantle’s tokenized assets at about $330 million and its stablecoin supply near $550 million, taking the combined total to approximately $880 million. The same dataset counted 985 distinct tokenized products, including stocks, commodities, Treasury-linked assets, funds and yield-bearing stablecoins.
As previously reported in August, USDT0 accounted for about $440 million, or close to 80% of Mantle’s stablecoin supply at the time. USDe followed with $57.93 million, while USDC held $34.15 million and conventional USDT represented $12.96 million.
Adding USDG gives Mantle another regulated dollar product alongside USDT0, Ethena’s USDe, Agora’s AUSD, Circle’s USDC, Aave’s GHO and World Liberty Financial’s USD1. Mantle has said it wants stablecoin liquidity to support active onchain strategies rather than leave tokenized assets unused after issuance.
One such product opened to DeFi users in August after an earlier version distributed through Bybit passed $200 million in assets under management. The non-custodial vault accepts USDC and USDT0 through Fluxion, with CIAN designing the strategy and Grove connecting deposits to yield generated through the Sky ecosystem.
U.S. rules affect access to Mantle’s tokenized products For U.S. users, USDG’s dollar peg does not by itself confirm that every Mantle application, reward program or tokenized asset is legally available in the country. Eligibility depends on the issuer, distributor, product structure, platform terms, and applicable federal and state rules.
The distinction matters for Mantle’s equity-linked products. In a January 2026 statement, the U.S. Securities and Exchange Commission said a tokenized security remains a security when its ownership record is maintained partly or entirely through a crypto network. Moving an instrument onto a blockchain does not remove it from U.S. securities law.
Mantle’s tokenized products linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF therefore require separate review of their ownership rights and distribution limits. A token that follows an asset’s price may not give its holder shares, voting rights, dividends or a direct claim against the referenced company or fund.
USDG also enters Mantle while U.S. agencies prepare rules under the GENIUS Act, which became law in July 2025. The framework establishes reserve, redemption, disclosure and licensing requirements for approved payment-stablecoin issuers, including a pathway for foreign issuers from jurisdictions that U.S. authorities determine have comparable oversight.
Federal agencies had not completed all implementing rules by the statutory July 2026 deadline. The Office of the Comptroller of the Currency was targeting November for its final rule, while the law was scheduled to take effect on Jan. 18, 2027, or 120 days after regulators completed the required rules.
Mantle [MNT] is carrying on its positive sentiment by making yet another 10% gain following a breach of the $0.5416 level in the past 24 hours as of writing.
Moreover, the bullish breakout of MNT is helping in strengthening its technical setup, as the price is currently trading above the 20-day, 50-day, and 100-day EMAs on the daily chart. This means that both short-term and medium-term momentum is bullish.
Trading above the above-mentioned Moving Averages might help the token to build the base to push higher from the current trading price.
In addition to this, the growing trade volumes and high whale activity, along with bullish futures positions, are also providing a boost to the token’s rally towards its next level of resistance at $0.5928. Moreover, the recent 10% gain has confirmed positive buying pressure and put the token in a position to test its next resistance.
Source: TradingView Trading volume nearly triples Looking into the token’s on-chain metrics, the network’s market activity is also surging alongside the bullish price action. The trading volume across the Mantle network has almost tripled to $47 million, which shows the significant market participation.
Drawing on similar scenarios, rising volume during a breakout provided stronger confirmation that buyers are actively supporting the move. The same turn of events could be developing for MNT. With the higher volume, the token could gain sufficient liquidity to test the resistance level of $0.5928.
Source: Santiment MNT whale orders increase That’s not all; large-holder activity is also strengthening the bullish setup. Mantle’s Average Order Size data indicate an increased presence of whale orders around its current trading price.
The activity suggests that larger market participants are becoming more active as the token approaches its next resistance. If the same trajectory persists, whale participation could help absorb selling pressure around $0.5928.
Source: CryptoQuant Buyers dominate Futures market Derivatives positioning also adds another bullish signal. Based on the latest Futures Taker CVD data, MNT bulls continue to dominate the futures trading scene, which implies that traders are still bullish on MNT and expecting further gains.
With increased spot activity and whale buys, it is likely to see further gains in the future. That said, an overextended long position may bring about some liquidations if MNT cannot retain its breakout.
Source: CryptoQuant Can MNT reach $0.5928? MNT’s breakout above $0.5416, 10% daily gain, and surging trading volume have strengthened its bullish setup.
With the price above the key EMAs, whale activity increasing, and futures buyers maintaining control, $0.5928 now stands out as the next major target.
Should the buyers be able to maintain their gains and defend $0.5416 as support, MNT will have another go at $0.5928. Failure at the breakout area could see MNT pull back to its EMAs.
Final Summary MNT surges 10% after breaking $0.5416 as trading volume nearly triples to $47 million. Whale activity and bullish futures positioning strengthen the case for a move toward $0.5928.
Mantle has expanded its real-world asset yield business into DeFi with a non-custodial stablecoin vault after its Bybit-based product crossed $200 million in assets under management.
Summary
$200 million was held in the earlier Mantle Vault product offered through Bybit. USDC and USDT0 depositors can access sUSDS-based yield without using leverage. CIAN designed the strategy, Grove supplies the yield source, and Fluxion provides access. Mantle’s launch materials list a target APY of up to 6.5% alongside token and point incentives. According to Mantle’s Aug. 25 X thread, the new product is available through Fluxion and combines infrastructure from CIAN and Grove to give stablecoin holders direct access to an onchain yield strategy.
The launch takes a product previously distributed through the centralized exchange Bybit and places a related version inside Mantle’s DeFi network. Users deposit USDC or USDT0 through Fluxion while keeping control of their assets, removing the need to hand funds to a centralized custodian.
Mantle said the vault uses a conservative, non-leveraged structure created by CIAN, the same protocol that helped build the original Bybit product. Grove connects the vault to yield generated through the Sky ecosystem, while Fluxion manages the interface through which users enter the strategy.
Mantle Vault uses sUSDS as its yield source Deposited stablecoins gain exposure to the yield earned by sUSDS, the savings version of Sky’s USDS stablecoin. Sky sets the applicable savings rate through governance, meaning the underlying return can change rather than remaining fixed for the life of a deposit.
Mantle described Grove’s role as connecting the vault to Sky’s Savings Rate and a set of governance-approved strategies. Grove operates within the Sky ecosystem and routes USDS liquidity into credit strategies through non-custodial vault infrastructure.
“Grove connects the vault to Sky’s Savings Rate, providing stablecoin deposits exposure to yield generated from diversified, governance-approved strategies,” Mantle said.
An Aug. 6 RWA deposit report from crypto.news found that sUSDS supply stood at 4.61 billion while its savings rate was 3.52% at the time of review. Sky states that governance can change the rate, so depositors should not treat either the underlying return or the vault’s advertised APY as permanent.
Mantle’s launch materials list a target APY of up to 6.5%. The campaign also includes Fluxion Points and 5.14 million GROVE tokens, adding promotional rewards above the return generated by the underlying strategy. Neither the points nor the token allocation represents a fixed cash return, and the value received by each depositor can depend on campaign rules, participation, and token prices.
CIAN packages the strategy inside the vault, allowing its positions and transactions to remain visible onchain. Mantle said the product does not use leverage, limiting one source of liquidation risk, though users remain exposed to smart-contract failures, stablecoin price movements, liquidity conditions and changes to Sky’s governance-set rate.
The DeFi vault changes how users access the strategy On Bybit, customers could enter Mantle Vault through the exchange without directly managing the strategy onchain. Bybit, Mantle and CIAN launched that version in December 2025, allowing users to deposit USDC or USDT through Bybit Earn while the assets moved into Mantle-based yield strategies.
The product later passed $200 million in assets under management. In its latest announcement, Mantle described the amount as evidence that the CeFi distribution model had attracted deposits before the team introduced a self-custodial route.
Through Fluxion, users now interact with smart contracts rather than relying on an exchange account to hold and deploy their stablecoins. Mantle summarized the difference by saying CIAN used the same type of construction for the new product, “except now, you keep your keys.”
Self-custody changes the party responsible for controlling the wallet but does not remove the risks attached to the underlying protocols. Depositors must manage their own keys and approve the required smart-contract transactions, while the strategy still depends on CIAN’s vault design, Fluxion’s interface, Grove’s infrastructure and Sky’s savings system.
The launch currently identifies USDC and USDT0 as the supported deposit assets. USDT0 is an omnichain version of Tether’s dollar token designed to move between supported networks, making it different from depositing standard USDT directly into the vault.
Mantle’s RWA activity has grown during 2026 The DeFi product follows an increase in tokenized assets and stablecoin liquidity across Mantle. In recent Mantle coverage, Nansen data showed that the network’s total DeFi value locked had exceeded $1 billion after growing 230% during the first half of 2026.
The same report placed RWA-focused DeFi TVL above $90 million and Mantle Vault assets above $200 million. Mantle’s stablecoin market capitalization reached $955 million, representing 120% year-over-year growth, according to Nansen.
Earlier figures supplied with the latest launch placed Mantle’s RWA TVL at $257 million, up from $22 million during the year, while total DeFi TVL exceeded $755 million. Differences between the figures can result from measurement dates and from the categories included by individual data providers.
Mantle has also added tokenized equity products to its network. Nansen counted 155 tokenized equities at the end of June, compared with 10 in April, including instruments linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF.
Tokenized products that track companies or funds do not automatically provide direct ownership, voting rights, or other protections attached to the underlying security. Eligibility also depends on the issuer, distributor, and jurisdiction, even when a blockchain product can technically be reached from any location.
U.S. rules leave stablecoin yield under scrutiny For American users, the vault’s availability depends on Fluxion’s terms, wallet restrictions, and applicable federal and state rules. Mantle’s statement about access without geographical limits does not establish that every product or incentive can legally be offered to every U.S. resident.
The distinction between stablecoin issuer payments and returns earned through an external DeFi strategy is also relevant in the United States. The GENIUS Act prevents payment stablecoin issuers from directly paying interest or yield to holders, while reward arrangements offered by exchanges, brokers, and DeFi platforms have remained part of the congressional debate.
Citigroup CEO Jane Fraser said in August that third-party stablecoin rewards could draw deposits away from banks, according to a report on the stablecoin rewards debate. Banking groups have asked Congress to restrict such programs, while crypto companies have argued that externally generated returns differ from interest paid by a payment stablecoin issuer.
The latest CLARITY Act language would prohibit passive yield on stablecoin balances while allowing certain activity-based rewards connected to payments, transfers or platform use. Mantle and its partners have described the new vault’s return as strategy-generated yield from sUSDS, with Fluxion Points and GROVE tokens added as separate incentives.
DUBAI, UAE, Aug. 25, 2026 /PRNewswire/ — Mantle, the open financial network connecting global market participants to institutional-grade capital market assets on-chain, today announced the expansion of Mantle Vault into decentralised finance, built with Grove infrastructure, CIAN, and accessible through Fluxion. The launch extends Mantle Vault beyond its existing centralised finance footprint on Bybit, where it has already crossed $200 million in assets under management, into a new deposit-and-earn product open to any stablecoin holder.
From CeFi to DeFi: Mantle Vault Opens to All
The expansion follows Mantle’s continued momentum in real-world assets, with RWA TVL growing from $22 million to $257 million in a year and DeFi TVL exceeding $755 million. This marks the next stage of Mantle’s thesis that institutional-grade assets should be reachable by any market participant, not only the institutions and exchanges that first brought them on-chain.
The expanded Mantle Vault allows users to deposit $USDC and $USDT0 on Mantle to access variable yield generated by the underlying strategy. The strategy includes exposure to sUSDS, Sky Protocol’s yield-bearing token, alongside Fluxion Points. Built by CIAN in coordination with Grove, the vault follows a conservative, non-leveraged structure with transparency into the underlying strategy.
Mantle is also introducing a dedicated incentive programme of 5.14 million GROVE tokens, targeting up to 6.5% APY. Programme terms, duration and rates may vary based on market conditions, and incentives are not guaranteed.
“Mantle Vault started as a product built for Bybit’s user base. Its expansion into DeFi through Grove, CIAN, and Fluxion shows what an open financial network is meant to do: connect global market participants to institutional-grade capital market assets, wherever they are,” said Emily Bao, Key Advisor at Mantle and Spot Executive at Bybit.
Within Mantle Vault, Grove provides the capital foundation through Grove Savings, the on-chain interface to the Sky Savings Rate. The Sky Savings Rate is set by Sky governance and delivered by the Sky Agent Network, an independent network of capital allocators competing across diversified, governance-approved yield strategies through Sky Protocol.
“We’re happy to bring Grove to Mantle. Grove supports the ecosystem by bringing Grove Savings, the on-chain interface to the Sky Savings Rate, a rate set by Sky governance. Partners like Mantle, CIAN, and Fluxion help make institutional-grade on-chain strategies accessible to more users.” said Kevin Chan, Co-Founder of Grove.
CIAN: Translating Institutional Portfolio Construction into a Non-Custodial Product
CIAN built the original Mantle Vault on Bybit. That track record now extends into DeFi, with CIAN translating institutional-grade portfolio construction into a single, non-custodial product on top of the sUSDS exposure provided by Grove.
“At CIAN, we translate institutional-grade portfolio construction into transparent, non-custodial yield infrastructure. Together with Grove, Mantle, and Fluxion, we are making capital-preservation-first strategies easier for stablecoin holders to access,” said Luffy, Founder of CIAN.
Fluxion: The Liquidity Layer for Stablecoin Holders on Mantle
Fluxion provides the liquidity layer for the expanded Mantle Vault, giving stablecoin holders on Mantle access to the product and connecting deposits to Fluxion Points as an added benefit.
As the Mantle-native DEX for RWA distribution, Fluxion combines hybrid AMM/RFQ trading with xStocks’ xChange, giving users direct access to tokenized equity trading and supporting liquidity across Mantle’s RWA ecosystem.
Fluxion previously expanded its Earn offering with RWAIpha and now adds Mantle Vault to the lineup, giving users access not only to RWA token trading but also to the underlying infrastructure supporting these assets.
“Partnering with Grove and CIAN to introduce a stablecoin vault on Mantle marks a strong start for our Earn product. Together, we look forward to making Mantle the leading hub for real-world assets,” said Sham, CMO at Fluxion.
Borderless Access to Institutional-Grade Yield
The expansion of Mantle Vault from CeFi into DeFi brings together four organisations around a single objective: making institutional-grade yield accessible to any stablecoin holder, without geographic restrictions or intermediary gatekeeping. Grove provides the capital foundation, CIAN the yield infrastructure, and Fluxion the liquidity layer, each composable within Mantle’s open financial network. As Mantle continues to expand the range of institutional-grade assets and strategies accessible on-chain, Mantle Vault represents the clearest demonstration yet of what an open financial network is built to deliver.
About Mantle
Mantle is the open financial network powering borderless access to global capital markets, connecting global market participants to institutional-grade capital market assets on-chain. Mantle brings the full lifecycle of real-world assets on-chain, from issuance and liquidity to distribution and settlement, spanning tokenized equities, treasury yield, private credit, commodities, and money markets. Anchored by one of the largest community-owned treasuries in the industry, Mantle combines credibility, deep liquidity, and institutional-grade infrastructure to support real-world finance on-chain.
For more information visit mantle.xyz.
For more social updates, please follow: Mantle Official X & Mantle Community Channel
About Grove
Grove is capitalizing the stablecoin economy. Through institutional-grade allocation, financing, and liquidity, Grove brings real-world assets and real-world use cases onchain to help build the next generation of global financial markets. Grove’s flagship product, Basin, is programmable credit infrastructure designed to provide eligible investors with real-time stablecoin liquidity in connection with approved sale, redemption, transfer, or other liquidity transactions for tokenized real-world assets. Grove is issuer-agnostic, product-conflict-free, and designed to serve as a neutral infrastructure layer for the tokenized asset ecosystem.
To learn more, visit grove.finance, X, and LinkedIn.
About Cian
CIAN Yield Layer is a leading on-chain yield strategy platform, offering users one-click access to advanced strategies while driving sustainable growth for emerging assets—both crypto-native and real-world —by generating extra on-chain yield for holders.
Standing at $1.4B in TVL, CIAN collaborates with top-tier protocols—including Mantle, Lido, Binance, Maple, USD1, Superstate, Renzo, Kernel, Horizon, pyUSD, cbBTC, fBTC, solvBTC, and Bedrock, etc. — to fuel asset growth. Beyond crypto-native assets, CIAN is expanding access to institutional-grade, interest-bearing RWAs issued by leading Wall Street and London institutions, partnering with RWA pioneers like Chainlink, Midas etc., which effectively bridges the gap between DeFi and TradFi.
For more information about CIAN, please visit: Cian.app
For documentation, please visit: Docs.Cian.app
For updates, please follow: X CIAN_protocol &DC Cian Discord
About Fluxion
Fluxion is a native DEX which is also a RWA distribution hub on Mantle. Fluxion adopts a hybrid trading model- AMM/RFQ. Now you can buy all xStock assets on Fluxion via RFQ. And for the Fluxion AMM model, users can trade and manage liquidity with a borderless access experience. Until now, accumulated trading volume across 1B+ USD, weekly high is 100M+USD.
Now, trade xStock assets on Fluxion can both earn Fluxion Points and xStock’s xPoints.
Please come to visit: fluxion.network
For more social info: https://x.com/Fluxion_network
@Mantle_Official has brought its Bybit yield vault on-chain, partnering with Grove, @CIAN_protocol, and Fluxion to open institutional-grade stablecoin yield to any DeFi user, not just those on centralised platforms.
From CeFi to DeFi The Mantle Vault originally launched as a product built exclusively for Bybit users.
Rates may vary with market conditions and incentives are not guaranteed.
RWA Momentum Behind the Move
That growth has been broad-based.
The on-chain vault launch reflects a broader push by @Mantle_Official to make yield products that were previously accessible only through centralised intermediaries available directly to DeFi participants, using the same infrastructure that has already attracted significant institutional capital to the network.
Sources
PR Newswire: Mantle Vault Expands to DeFi with Grove, CIAN, and Fluxion
PR Newswire: Mantle Posts 27% RWA Growth in Q1 2026, According to Messari
Mantle has expanded Mantle Vault into decentralized finance, opening its stablecoin yield product beyond Bybit to users on Mantle through infrastructure from Grove, CIAN and Fluxion.
The product had already surpassed $200 million in assets under management through Bybit. Its DeFi expansion allows users to deposit USDC and USDT0 to access variable yield generated by the underlying strategy.
CIAN built the vault strategy in coordination with Grove. The structure includes exposure to sUSDS, the yield-bearing token from Sky Protocol, and does not use leverage. Fluxion provides access and liquidity infrastructure for users on Mantle.
Mantle is also introducing an incentive program containing 5.14 million GROVE tokens, targeting yields of up to 6.5% APY. Rates and incentives may vary depending on market conditions.
The expansion comes as Mantle grows its real-world asset business. RWA TVL on the network has increased from $22 million to $257 million over the past year, while total DeFi TVL has surpassed $755 million.
Grove provides access to Grove Savings, its onchain interface to the Sky Savings Rate. CIAN manages the portfolio construction and yield infrastructure, while Fluxion connects stablecoin deposits to the vault and its broader RWA ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Institutional capital has spent years circling real-world asset yield on-chain, but the actual mechanics have often looked more like a private placement with extra steps than permissionless DeFi. Mantle is now testing whether that gap can close. The network said Mantle Vault is expanding into DeFi alongside Grove, CIAN, and Fluxion, a move described in the original report as bringing institutional-grade RWA yield on-chain.
The announcement is thin on operational specifics, but the direction matters more than the immediate detail. A product built for institutional capital markets is now being exposed to DeFi rails, where liquidity, custody assumptions, and user behavior are entirely different.
From managed exposure to composable yield Institutional RWA products have typically kept assets inside controlled structures. That approach protects against bad settlement and regulatory risk but limits how those assets can interact with the rest of on-chain finance. Expanding Mantle Vault into DeFi suggests the product is shifting from a mostly siloed yield exposure toward something that can be used across different protocols.
For traders and treasury managers, that distinction is not cosmetic. Permissionless access changes who can participate and how quickly capital can move. It also changes where the risk sits. In a closed vault, the operator carries a large share of the responsibility. In DeFi, more of that burden shifts to smart contracts, oracles, and the user’s own execution.
Mantle’s positioning as an open financial network gives the move a deliberate market-structure bent. The network has been associated with institutional capital market assets, so this is less about chasing retail yield farming and more about trying to connect existing asset supply to DeFi demand. A recent weekly tokenization roundup tracked RWA crossing $20 billion on-chain, and the sector is now competing for allocator attention through execution quality rather than novelty.
The partner layer will determine the outcome Grove, CIAN, and Fluxion are named as the collaborators, though the release does not fully break down their individual roles. That ambiguity is common in RWA integrations, where sourcing, pricing, custody, and DeFi execution are often split across separate providers. The structural question is whether the combined pipeline can hold up under redemption pressure, oracle stress, or a sudden change in the underlying asset’s liquidity profile.
What should get market attention is not which firm does what, but whether the yield can be delivered through DeFi without reintroducing the same gatekeeping that made the institutional market necessary in the first place. If the product works, it becomes a template for other networks trying to merge capital markets with on-chain liquidity. If it underperforms, it will be another reminder that real-world yield is easy to promise and hard to standardize.
Institutional demand is real, but so is the regulatory wildcard The appetite for on-chain yield backed by real-world assets has been rising. Institutional staking demand has shown up across multiple networks, including the type of capital rotation tracked in Sui’s recent price move, where staking and integration activity coincided with a sharp repricing. Mantle is chasing a similar line: not just token issuance, but persistent demand from capital that needs somewhere productive to sit.
Washington remains a complication. A separate Senate fight over crypto market structure shows how easily bank lobbying can alter the legal environment for on-chain assets. Any product that blends institutional capital with DeFi execution will be sensitive to how regulators define custody, disclosure, and secondary market activity.
What to watch next The real test for Mantle Vault will be observable in flows. Not just the headline total value locked, but whether the expansion brings liquidity that behaves differently from earlier RWA experiments. If the product attracts allocators who previously stayed outside DeFi, that is a meaningful signal. If the capital is mostly recycled from existing Mantle users, the expansion is more product packaging than market structure change.
There is also the question of durability. Tokenized yield products often launch into friendly conditions, then face their first real stress when rates shift, redemptions spike, or a borrower misses a payment. The named partner stack will need to prove it can handle that phase without slowing withdrawals or relying on manual interventions. Until then, the announcement is best read as an infrastructure commitment rather than a finished market transition.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Mantle has accumulated about $880 million in stablecoins and tokenized assets as its onchain product range has expanded across equities, Treasuries, funds and yield-bearing assets.
Summary
Mantle holds about $550 million in stablecoins and $330 million in tokenized assets. USDT0 accounts for approximately $440 million, or nearly 80% of the network’s stablecoin supply. The network supports 985 distinct tokenized assets across six product categories. Mantle increased its tokenized equity selection from 10 products in April to 155 by late June. Mantle’s asset base approaches $880 million Blockworks Research data shows that Mantle’s stablecoin circulating supply has reached approximately $550 million, while tokenized assets on the network account for another $330 million. The two categories place the combined value at about $880 million.
Source: Mantle/Blockworks Unlike networks built mainly around one class of real-world assets, Mantle’s tokenized supply covers commodities, stocks, U.S. Treasuries, yield-bearing stablecoins, a pre-IPO vault and the MI4 tokenized fund. Blockworks counts 985 distinct tokenized assets across the network.
Andrew Forson, president of DeFi Technologies, told crypto.news that regulated tokenization systems could help jurisdictions retain investment activity rather than allowing capital to move elsewhere. He cited the UAE as one market that could benefit from bringing more assets onto regulated local infrastructure.
“By bringing liquidity into a range of assets via regulated rails, you prevent leakage of capital outside the region.”
Sovereign debt could also attract traditional capital through stablecoin inflows, electronic products and regulated investment wrappers, according to Forson. Tokenization provides another route into existing markets rather than taking capital away from conventional assets, he added.
“Whenever you are dealing with digital assets and tokenised instruments, it does not take away from traditional assets, it provides another vector for traditional capital to flow into these assets.”
Stablecoins provide most of the liquid capital available within the two categories. Based on the dashboard’s latest asset-level readings, their combined circulating supply stands at approximately $553.7 million, with USDT0 accounting for $440.03 million.
USDe ranks second with $57.93 million, followed by USDC at $34.15 million and conventional USDT at $12.96 million. AUSD contributes $5.15 million, while World Liberty Financial’s USD1 and Aave’s GHO account for $2.29 million and $1.23 million, respectively.
Calculated from the displayed figures, USDT0 represents close to 80% of Mantle’s stablecoin supply. The concentration means that most of the network’s dollar-linked liquidity comes from one asset, even though Mantle supports seven stablecoins.
Recent flows have added to the two largest positive movers. The dashboard recorded a daily USDT0 net inflow of $18.42 million and a USDC inflow of $9.94 million when the data was checked. Over 30 days, USDC supply increased 33.93%, while USDT0 rose 9.51%.
Smaller tokens posted faster percentage growth from lower starting levels. GHO supply climbed 203.5% during the same period, while USD1 rose 190.89%. In contrast, USDe fell 9.09%, standard USDT declined 2.28%, and AUSD slipped 0.09%, according to Blockworks.
Tokenized equities have expanded to 155 products Equities have become a larger part of Mantle’s tokenized-asset catalog. Nansen counted 155 tokenized equities on the network at the end of June, up from only 10 in April, according to an Aug. 25 report.
The selection includes instruments tied to public companies, private businesses, and exchange-traded funds. Nansen identified products linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF among the available assets.
In November 2025, Mantle integrated Backed’s xStocks through an arrangement involving Bybit. The rollout brought tokens linked to Apple, Nvidia and Strategy shares onto Mantle, while Bybit supported direct deposits and withdrawals between its centralized exchange and the network.
Backed said at the time that its xStocks platform had processed more than $1.6 billion in tokenized equity volume. According to the company, each token was backed one-to-one by an underlying security held through licensed custodians in Switzerland.
Product structures remain important for investors because tokenized equities do not always provide the same legal rights. As crypto.news reported in August, some products deliver only synthetic price exposure and do not give holders ownership, voting rights, or other shareholder protections. Access can also depend on the issuer, distributor, and user’s jurisdiction.
Mantle’s products, therefore, need to be assessed according to their individual terms rather than grouped under a single ownership model. Backed’s one-to-one structure, for example, differs from tokenized derivatives that track a share price without transferring a claim on the underlying stock.
Mantle has added RWA yield through DeFi Stablecoin liquidity on Mantle is also being used in yield products. On Aug. 25, the network opened its RWA vault to DeFi users after an earlier version distributed through Bybit passed $200 million in assets under management.
The DeFi vault accepts USDC and USDT0 through Fluxion, according to Mantle’s announcement. CIAN designed the non-leveraged strategy, Grove connects deposits to yield from the Sky ecosystem, and Fluxion provides the user interface.
Deposited assets gain exposure to returns from sUSDS, the savings version of Sky’s USDS stablecoin. Sky governance sets the applicable savings rate, so the return can change rather than remaining fixed throughout a deposit.
Mantle’s launch materials listed a target annual percentage yield of up to 6.5%, including campaign incentives. The offer also included Fluxion Points and an allocation of 5.14 million GROVE tokens, although the value received by each depositor depends on participation rules and token prices.
Without leverage, the vault removes one source of liquidation risk, according to Mantle’s product description. Users still face smart-contract failures, stablecoin price changes, liquidity conditions, and adjustments to Sky’s governance-set savings rate.
The self-custodial version also changes who controls the deposited assets. Bybit users previously entered the strategy through an exchange account, while Fluxion users approve transactions from their own wallets and remain responsible for managing their private keys.
Other network figures provide additional scale. Blockworks places Mantle’s treasury value at about $1.8 billion, cumulative spot decentralized exchange volume at $20 billion, and deployed decentralized applications above 150.
U.S. investors face access and ownership limits For U.S. users, the presence of tokenized American equities on a public blockchain does not establish that the products are legally available in every state or to every investor. Eligibility depends on the issuer’s terms, distribution controls and applicable federal and state securities rules.
Stablecoin yield carries a separate regulatory question. The GENIUS Act prevents payment stablecoin issuers from paying interest or yield directly to holders, while rewards generated through exchanges, brokers, and DeFi protocols have remained part of congressional discussions.
Mantle and its partners describe the DeFi vault’s return as strategy-generated yield from sUSDS rather than a direct payment from a stablecoin issuer. Fluxion Points and GROVE incentives are provided separately from the underlying Sky savings return.
Tokenized-stock models also differ in how they treat U.S. securities. In August, Crypto.com introduced tokenized derivatives tied to 1,500 U.S. equities and ETFs for eligible users in the European Economic Area and other approved markets. Crypto.com said buyers receive price exposure but do not gain legal ownership or shareholder rights.
Regulated U.S. market operators are developing another model. The Depository Trust Company received a Securities and Exchange Commission no-action letter in December 2025 allowing a defined tokenization service for three years, covering eligible assets held in DTC custody.
Under DTC’s stated plan, potential assets include Russell 1000 stocks, major index ETFs, U.S. Treasuries and certain corporate bonds. The company selected Stellar for part of its multi-chain strategy and targeted the first half of 2027 for deployment.
PANews reported on August 25 that, according to SoSoValue data, affected by combined factors including Bessent possibly deploying nearly $1 trillion in the TGA to buy bonds and the United States expanding economic sanctions against Iran, crypto market sectors resumed their upward trend. The Layer 2 sector stood out, rising 3.02% in 24 hours, with Polygon (POL) up 8.50%, Stacks (STX) up 4.76%, and Mantle (MNT) up 2.82%. Meanwhile, Bitcoin (BTC) rose 3.22%, touching $80,000 during the session; Ethereum (ETH) rose 2.38%, breaking back above $2,500 during the session.
In other sectors, the Layer 1 sector rose 2.21% in 24 hours, with Solana (SOL) up 6.14%; the CeFi sector rose 2.08%, with OKB (OKB) up 6.49%; the PayFi sector rose 1.97%, with Telcoin (TEL) up 7.81%; the Meme sector rose 0.44%, with dogwifhat (WIF) up 5.80%.
In addition, the DeFi sector fell 0.27%, but Ondo Finance (ONDO) was relatively resilient, rising 5.80%.
Mantle price rebounded more than 6% on Aug. 19 as MNT tested a key resistance level near $0.46, while liquidation data pointed to a larger pool of leveraged positions above the market.
Summary
Mantle price rose 6.6% to approximately $0.455 during the latest daily session. The token is testing Fibonacci resistance at $0.4575 after rebounding from $0.39. Liquidation liquidity is concentrated between $0.46 and $0.49, creating a possible short-squeeze zone. Mantle hosted 155 tokenized equities and more than $1 billion in DeFi TVL by June. Mantle price approaches a breakout level According to data from crypto.news, Mantle (MNT) price traded around $0.455 after rising 6.6% during the daily session shown. The recovery extended a rebound that began after MNT reached approximately $0.39 at the start of August.
The token has since formed a series of higher lows and briefly reached $0.467 on Aug. 13. Sellers rejected that advance, but MNT held above $0.42 before returning to the upper end of its recent range.
The daily chart places immediate resistance at $0.4575, which matches the 78.6% Fibonacci retracement of MNT’s decline from $0.7149 to $0.3874. A daily close above that level would indicate that buyers have recovered the final Fibonacci barrier before the previous breakdown area.
Mantle price daily chart — Aug. 20 | Source: crypto.news Momentum indicators support the rebound without showing an overbought market. The daily relative strength index stood at 58.46, above its signal average of 56.10 but below the 70 level commonly associated with overbought conditions.
The moving average convergence divergence indicator also remained positive. However, the small distance between its two lines showed that MNT still needed stronger momentum to confirm a sustained breakout.
Liquidation clusters could pull MNT toward $0.49 CoinGlass’ one-week liquidation heatmap showed several layers of leveraged positions immediately above MNT’s market price. The closest concentrations appeared between $0.46 and $0.47, while brighter and denser bands extended from around $0.475 to $0.49.
Mantle liquidation heatmap | Source: CoinGlass Liquidation clusters do not guarantee that price will move toward them. They mark areas where leveraged positions could be closed if the market reaches their trigger prices, potentially adding forced buying or selling to an existing move.
A break above $0.4575 could therefore expose the first liquidity band near $0.47. If rising prices force traders holding short positions to buy back MNT, the resulting pressure could push the token toward the stronger $0.48–$0.49 cluster.
The heatmap showed the nearest large downside liquidity pool between roughly $0.412 and $0.418. MNT could revisit that region if it loses recent support and leveraged long positions begin closing.
MNT must defend $0.44 to preserve momentum The 4-hour chart showed MNT reaching $0.4547, close to the upper Bollinger Band at $0.4561. Trading at the upper band reflects strong short-term momentum, although it can also leave the token vulnerable to a pullback if buyers fail to clear resistance.
Mantle price 4-hour chart — Aug. 20 | Source: crypto.news The Bollinger Band midpoint at $0.4409 forms the first support level. Holding above it would preserve the short-term upward structure and allow MNT to make another attempt at $0.4575 and $0.467.
Chaikin Money Flow stood at 0.01, indicating that buying pressure had moved slightly above neutral. The reading did not show strong capital inflows, making confirmation through higher volume important if MNT attempts to break its August peak.
A close below $0.4409 would weaken the immediate setup and expose the lower Bollinger Band near $0.4257. Further selling could bring the Aug. 19 intraday low around $0.42 back into view, followed by the larger daily support at $0.3874.
On the upside, clearing $0.467 would open a path toward the liquidation concentrations at $0.48–$0.49. MNT would then face broader Fibonacci resistance at $0.5125, followed by $0.5511.
Mantle’s tokenized asset push adds fundamental support The rebound comes as Mantle expands its decentralized finance and real-world asset operations. A Q2 report published by Nansen said the network’s DeFi total value locked exceeded $1 billion after growing 230% during the first half of 2026.
Nansen reported that RWA-focused DeFi TVL passed $90 million, while assets managed through Mantle Vault exceeded $200 million. The network’s stablecoin market capitalization reached $955 million, representing 120% year-over-year growth, according to the report.
Mantle also increased the number of tokenized equities on its network from 10 in April to 155 by the end of June. Its lineup included products linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF, although those tokens do not provide direct ownership in the underlying companies or funds unless their terms explicitly state otherwise.
The network’s Aave market was another source of growth. Mantle said the deployment reached $1 billion in 19 days, while Nansen reported that deposits had exceeded $1.45 billion by April.
For US investors, the presence of tokenized US equities does not establish that the products are available legally in the United States. Mantle’s xStocks announcement described access as available only where permitted, leaving eligibility dependent on each platform’s restrictions and applicable securities rules.
MNT’s immediate direction now rests on whether buyers can convert the ecosystem narrative into enough spot demand to break $0.4575. A confirmed close above that level would strengthen the case for $0.48–$0.49, while losing $0.44 would put the rebound at risk.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
PANews, August 11 news: According to SoSoValue data, crypto market sectors pulled back broadly, with the NFT sector dropping 25.62% in 24 hours — among which Audiera (BEAT) plunged 55.02%. Bitcoin (BTC) declined 1.85%, breaking below $65,000; Ethereum (ETH) fell 2.44%, breaking below $1,900.
Only DeFi and Layer2 sectors remained relatively resilient, gaining 1.11% and 2.01% respectively. Within the DeFi sector, Hyperliquid (HYPE) rose 1.76%, and Ethena (ENA) climbed 3.56%; within the Layer2 sector, Arbitrum (ARB) advanced 3.44%, and Mantle (MNT) jumped 5.48%.
As for other sectors, the Layer1 sector dipped 0.54%, with Cardano (ADA) down 3.19%; the CeFi sector slipped 0.63%, though Bitget Token (BGB) gained 1.65%; the PayFi sector fell 1.53%, with Telcoin (TEL) dropping 6.77%; the Meme sector lost 1.98%, while Pump.fun (PUMP) bucked the trend to surge 4.74%.
Crypto markets were broadly in the red on August 10, but a handful of tokens pushed firmly against the tide. Leading the charge was @CurveFinance's native token $CRV, which climbed 9% over 24 hours while the wider market slipped 0.3%. The move extended CRV's weekly gain to 26%, making it the standout performer among major tokens.
CRV extends its weekly runCurve Finance is a decentralized exchange built on Ethereum and optimized for low-slippage stablecoin trading. Its CRV token is used for governance, staking, and boosting rewards on the protocol. CRV's circulating supply sits near 1.53 billion tokens against a maximum supply of 3.03 billion, per CoinMarketCap. The largest single wallet holding is Curve's own Voting Escrow contract, which holds 35.38% of supply in locked veCRV rather than free-floating tokens. That structural lock-up limits sell pressure and can amplify price moves during periods of demand.
PUMP, Mantle, ICP and WLD round out the risersPumpFun's $PUMP added 5.3% on the day, bringing its weekly gain to 30%. The Solana-based memecoin launchpad has been generating renewed interest on the back of strong protocol revenue. Pump.fun generated $9.23 million in weekly revenue, its highest level since early March 2026, according to DeFiLlama, with annualized revenue reaching $455.5 million and cumulative revenue surpassing $1.22 billion. Part of the platform's fee income is used to buy back PUMP, creating a recurring source of demand for the token.
$Mantle was close behind with a 5.1% daily gain. Internet Computer (@dfinity) and Worldcoin $WLD rounded out the risers, adding 4.4% and 3.9% respectively, offering a rare spread of green across both DeFi infrastructure and consumer-facing Web3 projects.
The session underlined a familiar dynamic in crypto: on days when sentiment turns cautious across the board, select tokens with strong narratives or protocol fundamentals can decouple sharply from the market average.
Sources:
Pump.fun Hits Highest Weekly Revenue Since March (Crypto Times)
Curve DAO Token (CRV) overview (Coinpedia)
Mantle [MNT] has emerged as one of the highest daily gainers in the Layer-2 sector. At the time of writing, the altcoin was up 2.95% in 24 hours, with a 9.6% boost to daily trading volume as well.
These gains were just the latest in MNT’s short-term uptrend though. In fact, the altcoin is about to have five green days of trading, rallying by 7.71% since 4th August.
Is this the beginning of a bullish MNT turnaround? Source: Santiment The Mean Coin Age measures the average number of days all tokens have stayed in their current wallets. Rising trends indicate accumulation and long-term holders remaining strong, while sharp drops signal distribution.
Mantle saw distribution phases in 2025 and early 2026, but the Mean Coin Age has been trending higher since March. The Age Consumed metric saw few notable spikes since then, supporting this idea.
The 30-day holder MVRV rose to 2.77% to signal these holders were, on average, at a slight profit. An uptick in short-term holder profitability can lead to profit-taking and selling pressure, as seen in May and early July.
Meanwhile, the 6-month MVRV was well below zero at press time. This showed that longer-term holders were still faced with severe losses. Additionally, this highlighted a pessimistic MNT market view as sizeable price rallies will likely be sold at or near breakeven by these holders.
Mantle price trends align with on-chain expectations Source: MNT/USDT on TradingView A bearish structure break on the 1-day timeframe, made in June, saw Mantle’s price fall to a swing low of $0.386. The recent upward momentum has been a result of a recovery from these bearish depths. Even so, the overall trend remains downward.
The OBV has been rising slowly, just like the A/D, to signal some buying pressure over the past month. The RSI crossed over above neutral-50 to indicate a bullish momentum shift.
If this momentum is maintained, it is possible that Mantle bulls could drive a rally as high as $0.515-$0.550, the key Fibonacci retracement levels overhead.
The $0.45-supply zone sits close to the market price and could offer stubborn opposition to any gains.
A strong hike in trading volumes and a potential Bitcoin move beyond the $67K local resistance could help sway MNT sentiment bullishly.
Final Summary The Mean Coin Age uptrend since March hinted at accumulation among long-term holders. The $0.45 supply zone is an imminent bearish bastion to watch.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Chainlink price has jumped more than 5% after Mantle completed the migration of its $2.5 billion Super Portal to Chainlink’s cross-chain infrastructure, extending a crypto market rally driven by softer U.S. inflation data.
Summary
Chainlink price rose over 5% after Mantle migrated its $2.5 billion Super Portal to Chainlink’s CCIP. Whale accumulation, rising open interest, and record wallet growth have strengthened LINK’s bullish momentum. Technical indicators point to $8.40 as the next key resistance, while losing $8.00 could weaken the rally. According to data from crypto.news, Chainlink (LINK) price traded around $8.29 after briefly touching $8.40, extending its weekly gain to roughly 7%.
The move came as Bitcoin climbed above $64,600 and Ethereum approached $1,875 after U.S. inflation data strengthened expectations that the Federal Reserve could adopt a less restrictive policy later this year. Total crypto market capitalization also advanced more than 3% to about $2.30 trillion.
Mantle’s infrastructure upgrade adds to a string of recent enterprise integrations for Chainlink. Aave recently selected the protocol for automated vault rebalancing, while Robinhood has incorporated Chainlink infrastructure into its expanding Layer-2 ecosystem.
Network adoption has also continued on-chain, with the number of non-empty Ethereum wallets holding LINK surpassing 900,000 for the first time.
On-chain accumulation suggests large investors positioned ahead of the announcement rather than reacting afterward. Wallets holding more than 1,000 LINK reached their highest level this year, while addresses controlling over 100,000 LINK expanded to a record 805.
These purchases absorbed much of the selling pressure created by the scheduled unlock of 21 million LINK tokens, reducing the impact of the additional supply entering circulation.
Derivatives traders have joined the rally. Open interest increased roughly 10% alongside the price advance, showing fresh leveraged participation instead of a short-lived spot spike. The combination of rising price and rising open interest typically suggests new positions entering the market rather than existing shorts simply closing.
Technical breakout places $8.40 and $8.70 in focus The daily chart shows LINK pressing against the upper boundary of a descending wedge that has contained price since early June. Tuesday’s rally pushed the token above $8.20 and toward immediate resistance near $8.40, where sellers rejected price earlier in the session.
Chainlink daily price chart — July 15 | Source: crypto.news A confirmed daily close above that level would strengthen the breakout case and expose the next resistance zone around $8.70, followed by psychological resistance near $9.00.
Momentum indicators have also improved. The daily RSI has climbed to around 60 after recovering from oversold territory, showing buyers have regained control without entering overbought conditions. The Aroon Up indicator has returned to 100 while the Aroon Down remains near single-digit readings, highlighting a renewed bullish trend.
On the 4-hour chart, the MACD has completed a bullish crossover above the signal line, while the Chaikin Money Flow remains positive above zero, showing capital continues to enter the market.
Chainlink 4-hour price chart — July 15 | Source: crypto.news CoinGlass liquidation data reinforces the technical picture. The one-week heatmap shows a dense concentration of leveraged short positions clustered between $8.15 and $8.30, many of which were cleared during the latest rally. Above current prices, another sizeable liquidity pocket sits around $8.45-$8.70, creating a potential magnet if buyers maintain momentum.
Chainlink liquidation heatmap | Source: CoinGlass Loss of $8.00 support would weaken the bullish case Several risks could still interrupt LINK’s recovery. Markets remain sensitive to upcoming U.S. Producer Price Index data and any Federal Reserve comments that challenge expectations for easier monetary policy. Renewed geopolitical tensions or another rise in oil prices could also reduce appetite for risk assets across digital markets.
From a technical perspective, failure to hold above the $8.20 breakout zone would leave $8.00 as the first important support.
A decisive break below that level could pull LINK back toward the $7.70-$7.50 demand area, where the liquidation heatmap shows another large concentration of leveraged positions. Such a move would invalidate the immediate breakout structure and postpone any attempt to challenge the $9.00 resistance zone.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Chainlink’s (LINK) base of wallets is expanding on Ethereum (ETH) while its price continues to face market headwinds.
New Santiment data puts the count at a record 900,000, and a wave of fresh integrations suggests the growth is not accidental.
Chainlink Adoption Grows While Price LagsThe figure marks an all-time high for non-empty LINK wallets on Ethereum, with more than 20,000 added over the past month. Data from Santiment shows the additions came without a price breakout.
“That kind of holder growth is usually a sign of long-term confidence,” Santiment said.
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Chainlink Non-Empty Wallet Growth. Source: X/SantimentThe context makes the trend notable. LINK trades near $7.9, down roughly 49% over the past year and about 85% below its 2021 peak. Sentiment remains weak, yet the base of wallets continues to grow rather than shrink.
“LINK’s holder base growing during weak market conditions is a strong signal. Price may still need market-wide momentum, but adoption is clearly moving in the right direction,” Santiment added.
Chainlink (LINK) Price Performance. Source: BeInCrypto MarketsAave Deepens CCIP RelianceSantiment tied the growth to Chainlink’s widening role as market infrastructure, citing its use across DeFi, tokenized assets, data feeds, and cross-chain settlement. The firm said institutional tokenization, adoption of the Cross-Chain Interoperability Protocol (CCIP), and capital-market integrations are expanding.
Recently, Aave (AAVE) selected Chainlink’s CCIP to power vault rebalancing, deposits, and transfers inside its mobile app.
It is one of several recent adopters. Chainlink’s latest adoption update logged eight integrations of its standard across four services and four chains, with users including Commertize, Mantle, Poppie Finance, and YuzuMoney.
CCIP now spans 35 chains and supports 76 cross-chain tokens. Tokenized-asset value on the protocol climbed 36.5% to $330.21 million over 30 days, per RWA.xyz data recorded on July 14.
That tension defines the current setup. Adoption signals point one way, price points another, and the coming quarters will test whether usage eventually pulls the token with it.
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Bridge security is one of those crypto topics that only gets attention when something breaks. Mantle’s decision to migrate Super Portal infrastructure to Chainlink CCIP is a reminder that serious networks cannot afford to treat cross-chain transfers as an afterthought.
The reason is simple: bridges have historically been among the most expensive failure points in crypto. When they fail, they do not just create technical headaches. They can threaten liquidity, confidence, and the credibility of whole ecosystems.
For more details, visit the official Chainlink platform.
TL;DR Mantle is migrating its Super Portal bridge infrastructure to Chainlink CCIP.The move is designed to strengthen cross-chain transfer security.Bridge infrastructure remains one of crypto’s most important risk points. Why Mantle’s Choice Matters Mantle is not just adding another integration badge. It is changing the infrastructure that helps assets move between environments. That makes the decision more consequential than an ordinary partnership headline.
Chainlink CCIP is designed to provide secure cross-chain messaging and transfer functionality. For a large ecosystem, using a more established cross-chain framework can reduce some of the risk that comes with maintaining custom bridge logic.
The Cross-Chain Security Race As more liquidity moves across L2s, appchains, and modular networks, the bridge layer becomes even more important. Users may not care what system handles the transfer, but they definitely care if funds get stuck or stolen.
That is why infrastructure upgrades like this matter. The next phase of crypto scaling will depend not just on faster chains, but on safer connections between them.
Why The Detail Matters Now The practical takeaway is that Chainlink stories now have to be read through both market structure and product execution. A headline can create attention, but the more durable signal is whether the underlying source points to real activity, a real filing, a real integration, or a measurable change in how users and institutions behave.
That is why this development is worth separating from ordinary market noise. It gives readers a specific point to track over the next few sessions rather than a vague reason to be bullish or bearish. If follow-up data confirms the direction, the story can build. If not, it still gives the market a clearer snapshot of where attention is concentrating today.
The Market Read The cleaner way to read this story is not to force it into a simple bullish or bearish box. For Chainlink readers, the useful part is the change in context. A new filing, integration, market signal, or regulatory step can alter how traders think about the next few sessions even when it does not instantly change price.
That is especially true after the last few volatile weeks, when crypto has been dealing with a mix of ETF flows, legal updates, exchange listings, protocol upgrades, and shifting liquidity. The market is no longer reacting to one dominant theme. It is weighing several smaller signals at once, and that makes source-backed developments more important than ordinary chatter.
Why Readers Should Keep This On The Radar For NewsBTC readers, the important question is what this changes from here. If follow-up data, filings, governance updates, or wallet movement confirm the direction, the story can develop into a larger market theme. If the next update is weak, delayed, or contradicted by new data, the market may quickly move on.
That is why the scope matters. This article is not treating the development as a guaranteed price trigger. It is treating it as a fresh signal inside a market that is trying to sort durable activity from short-term noise. The distinction is important because crypto narratives can move faster than the facts behind them.
The next thing to watch is whether this becomes part of a wider pattern. In some cases that means more institutional flows. In others it means stronger developer adoption, cleaner regulatory access, deeper exchange liquidity, or a clearer technical roadmap. Either way, the story is strongest if it is followed by measurable execution rather than another round of speculative headlines.
This report is based on information from Chainlink.
This article was written by the News Desk and edited by Samuel Rae.
Bridge exploits have cost DeFi users billions. Mantle now moves to ensure its $2.5 billion MNT token supply doesn’t become the next statistic. The team announced that it is migrating the Mantle Super Portal to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), a shift designed to wrap every cross-chain transfer of MNT in institutional-grade security, according to the official announcement.
The migration targets the core friction that keeps large allocators away from cross-chain activity: the fear of a single point of failure. Mantle’s Super Portal was already a gateway for moving MNT between supported networks but switching to CCIP adds a risk management framework that separates message validation from token transfer execution. Chainlink’s decentralized oracle networks verify cross-chain transactions, with additional monitoring to detect abnormal behavior before funds move.
Cutting Out Bridge Risk for a $2.5B Token Mantle’s decision lands at a moment when institutional capital is slowly crossing into on-chain environments but remains allergic to bridge risk. Weekly flows show that tokenized real-world assets just crossed $20B on-chain, with major financial names settling trades on public ledgers, as covered in a recent tokenization roundup. Yet each new bridge exploit resets trust.
CCIP’s architecture is not just about moving tokens. It includes a separate risk management network that can pause or reroute transfers independently, a feature that mimics the compartmentalized controls familiar to traditional finance. For a token with a circulating supply topping $2.5 billion, even a short window of degraded security could trigger cascading liquidity problems.
The Institutional Grade Difference with CCIP Chainlink has been positioning CCIP as the go-to interoperability layer for institutions, and Mantle’s migration adds a high-profile use case. By decoupling validation from execution, CCIP reduces the blast radius of a potential smart contract bug. The protocol also uses rate-limiting and dynamic fee models that adjust during network congestion, something liquidity providers track closely.
Developer activity remains a strong proxy for long-term ecosystem health. While Mantle builds its scaling stack, the broader competitive landscape shows Ethereum, Solana, and BNB Chain leading the latest developer charts. Secure interoperability could tilt the balance for projects deciding where to deploy, especially if they hold large MNT positions.
Ecosystem and Market Structure Implications For MNT holders and liquidity providers, the immediate effect is a reduction in the tail risk of cross-chain transfers. If the migration strengthens settlement guarantees, arbitrageurs may tighten spreads across decentralized exchanges where MNT trades, while market makers could feel more comfortable quoting larger sizes.
Institutional staking demand has already shown the power of safety narratives. SUI’s recent 18% surge was partly driven by Nasdaq-listed firms entering staking arrangements, reflecting how perceived security draws volume. Mantle’s CCIP move fits the same pattern—upgrading infrastructure to match the expectations of capital that will not tolerate uncontrolled bridge risk.
What remains uncertain is how regulators will classify cross-chain protocols over time and whether CCIP itself could become a chokepoint if usage centralizes. No single upgrade eliminates smart contract risk entirely, and the true test will be how Mantle’s new architecture performs under real market stress. Still, by migrating its Super Portal to an established institutional standard, Mantle signals that cross-chain safety is no longer optional for ecosystems managing billions in token value.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Mantle is migrating its $2.5 billion Super Portal from LayerZero to Chainlink's CCT standard to enhance security and control over token transfer settings.Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets.The Mantle migration will occur from July 9 to the 15, enabling the project to expand MNT token transfers to additional blockchain networks while securing assets via oracles.More than $7.2 billion in cross-chain and wrapped assets have migrated from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) since May, with Mantle becoming the latest project to replace LayerZero for high-value token transfers.
Mantle said it is migrating its Super Portal, which it co-developed with Bybit, from LayerZero's Omnichain Fungible Token (OFT) standard to Chainlink's Cross-Chain Token (CCT) standard.
LayerZero and Chainlink CCIP both let token holders move assets between blockchains, a basic requirement as crypto markets spread across competing networks.
The infrastructure matters because bridges between different blockchains have become one of crypto’s largest security risks, with a single failure able to expose hundreds of millions of dollars in user assets.
The portal enables transfers of the MNT token between Ethereum and Solana, with support for additional blockchain networks planned.
The migration includes MNT, the native token of Mantle's network, which has more than $2.5 billion in value locked. Mantle's move pushes the total value of announced migrations from LayerZero to Chainlink CCIP above $7.24 billion.
The shift began after the $292 million Kelp bridge exploit earlier in the year, which increased scrutiny of LayerZero-powered bridge configurations. Kelp later announced it would migrate more than $1.5 billion in assets to Chainlink CCIP.
Since then, Solv Protocol migrated $700 million in tokenized bitcoin, Re moved $475 million, Kraken transferred $330 million in wrapped assets, Lombard migrated more than $1 billion, Virtuals Protocol moved $700 million and Yuzu Money transferred $54.5 million.
Mantle said its Super Portal will be suspended during the migration, which is scheduled to take place between July 9 and July 15. Existing MNT on Ethereum and Solana, along with MNT activity on Byreal and Bybit, will remain unaffected.
"As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought," Emily Bao, a key advisor at Mantle, said in a statement.
Under the new setup, Chainlink CCIP will secure MNT transfers using its decentralized oracle network. Mantle said the migration also gives it direct control over token pools and transfer settings under the CCT standard as it expands MNT to additional blockchain networks and tokenized asset markets.
@Mantle_Official has confirmed it is migrating its Super Portal from @LayerZero_Core to @Chainlink's Cross-Chain Interoperability Protocol (CCIP), the latest in a string of high-profile departures from LayerZero that now totals over $7.2 billion in migrated value.
A Growing Exodus From LayerZero The backdrop to Mantle's move is a security incident that rattled the cross-chain sector. The shift accelerated after a $292 million exploit drained 116,500 rsETH from Kelp DAO's LayerZero-powered bridge in April 2026. The Kelp DAO exploit was not a failure of LayerZero's core smart contracts, but of its flexible security model. LayerZero allows applications to select their own Decentralised Verifier Networks (DVNs), off-chain actors responsible for validating events on a source chain before triggering an action on a destination chain. In the Kelp DAO case, the DVN was configured as a 1-of-1 set, meaning a single compromised verifier was sufficient to authorise fraudulent transfers.
That incident prompted a broad reassessment of cross-chain infrastructure across DeFi. Mantle joins Kelp DAO and Lombard Finance in the move to CCIP. Lombard migrated its over $1 billion in bitcoin-backed assets from LayerZero to Chainlink CCIP after a security review following the Kelp DAO exploit. Other protocols including Solv, Re.xyz, and Kraken have made similar moves. Johann Eid, chief business officer at Chainlink Labs, described the trend as "a continued flight to safety across the industry."
Why Protocols Are Choosing CCIP Chainlink's CCIP operates on a different, less flexible model. Each cross-chain lane is secured by a set of at least 16 independent, Chainlink-operated node operators, creating a high threshold for collusion or compromise. CCIP also integrates a separate Risk Management Network that monitors for anomalous activity and enforces value-based rate limits on each lane, acting as a circuit breaker to cap potential losses. Chainlink recently completed a SOC 2 Type 2 examination for CCIP, a compliance certification typically associated with enterprise cloud providers and financial infrastructure companies, making it the only major oracle and interoperability provider with that tier of certification. SOC 2 Type 2 means an independent auditor spent months verifying that Chainlink's security controls actually work as advertised over a sustained period.
For Mantle, the decision aligns with a broader platform strategy. The project said it is "thrilled to adopt the Chainlink standard," with its head of BD, Mark Veer, adding that the integration "enhances Mantle's cross-chain capabilities and strengthens our alignment with Chainlink's extensive ecosystem." Chainlink CCIP has supported over $28 trillion in cumulative on-chain transaction value and averages approximately $90 million in weekly token transfers.
Meanwhile, LayerZero has since removed support for 1-of-1 DVN configurations and announced plans to move most routes toward stricter 5-of-5 verifier setups. The protocol maintains significant volume, but the reputational damage from the Kelp DAO incident continues to shape infrastructure decisions across the sector.
Sources:
Mantle official blog: Mantle Adopts the Chainlink Standard
CoinDesk: Crypto firms move $4 billion in assets to Chainlink
Crypto.news: Chainlink CCIP draws $4B from LayerZero exodus
Crypto-related stocks in U.S. markets continued their rally during trading hours, with MARA surging 15.27%.
According to market data from BIT (bit.com), US-listed crypto-related stocks continued to strengthen during intraday trading. Details: Strategy (MSTR) rose 2.11%; Circle (CRCL) gained 0.83%; MARA Holdings (MARA) surged 15.27% after announcing the acquisition of a Texas-based 2000MW computing power park project company for up to $600 million; Riot Platforms (RIOT) climbed 6.1%.
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JPMorgan: The biggest risk for Bitcoin is not Strategy’s sell-off, but blockchain adoption that bypasses public chains and tokens.
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Mantle is moving its Super Portal, developed with Bybit, to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), replacing LayerZero as the cross-chain infrastructure securing transfers of the MNT token across Mantle’s more than $2.5 billion ecosystem.
The company said the migration strengthens security through Chainlink’s decentralized oracle network and institutional-grade safeguards while giving Mantle direct control over its cross-chain token infrastructure under the Cross-Chain Token standard. The Super Portal will be suspended temporarily during the transition, with no action required from users.
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Emily Bao, a key advisor at Mantle, said the decision would provide institutional-grade security for MNT transfers as tokenized assets gain wider adoption.
“As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought,” Bao noted.
Mantle said the new infrastructure will enable MNT to expand across more blockchain networks as demand grows for cross-chain movement of tokenized assets.
Chainlink’s CCIP has gained momentum after several crypto projects such as Virtuals and Lombard migrated away from LayerZero in the wake of a high-profile DeFi exploit. The transition has resulted in more than $7.2 billion worth of cross-chain and wrapped assets moving onto Chainlink’s network since May.
“We’re continuing to see an industry trend of leading protocols upgrading their cross-chain infrastructure to meet the requirements of institutional adoption,” Johann Eid, Chief Business Officer at Chainlink Labs, stated. “Mantle’s migration to Chainlink CCIP reflects the growing recognition that secure-by-default infrastructure is critical for any cross-chain deployment to succeed at scale.”
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
The multi-billion-dollar renovation of crypto’s cross-chain plumbing just picked up speed. More than $7.2 billion in total value has now migrated from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), a wave that now includes Mantle, the Ethereum layer-2 network, as its most recent participant. The flows were detailed in the original report on the migration event.
The movement isn’t a one-off. Projects Kelp and Lombard each brought over $1 billion when they made the switch earlier. Solv Protocol, Virtuals, Re, and tokenized assets from Kraken have also shifted their cross-chain messaging to CCIP. The sheer scale turns a series of protocol decisions into something that looks like a structural preference pivot—not just a change of vendor, but a bet on which interoperability standard will anchor the next phase of on-chain finance.
For users and developers, the practical difference between LayerZero and CCIP sits deep in the stack. LayerZero built its reputation on lightweight, oracle-and-relayer architectures optimized for speed. Chainlink’s CCIP, by contrast, leans on the same decentralized oracle networks that already secure billions in DeFi value, adding an extra layer of risk management, active monitoring, and a heavier compliance-friendly footprint. When protocols like Mantle decide to migrate, they are implicitly choosing that security model over the more minimalist alternative.
Tokenized assets and the compliance overlay One detail that deserves attention is the presence of Kraken’s tokenized assets among the migrations. Real-world asset (RWA) projects and institutional tokenization efforts are heavily exposed to regulatory risk, and the choice of cross-chain rail matters. CCIP’s architecture includes programmable token transfers and configurable rate limits, features designed to meet the oversight expectations of regulated entities. As the weekly tokenization roundup showed, the RWA market crossed $20 billion on-chain recently, and with institutional settlement experiments accelerating, the infrastructure layer that handles cross-chain messages for these assets becomes a competitive moat.
That doesn’t mean LayerZero is frozen out. The protocol still powers a large volume of general-purpose bridging and messaging. But the departure of heavy hitters—projects that collectively account for billions in user deposits and transaction flow—narrows the band of use cases where LayerZero remains the default. It also reshapes how liquidity providers assess bridge risk, a factor that could feed back into rates and insurance costs across DeFi platforms.
Interoperability competition resets The migration cluster reflects a broader reset in the interoperability layer. For years, the narrative was about connecting every chain to every other chain as cheaply as possible. Now the conversation is about security guarantees, exploit recovery, and deep integration with existing oracle pricing feeds. Chainlink has spent over a year building out CCIP’s security model exactly along those lines, and the inflow of value suggests that protocols are willing to pay for that overhead.
Developer activity data supports the idea that infrastructure battles are being fought at the protocol level. According to a recent Top 10 Blockchains by Developer Activity This Week report, Ethereum and its layer-2 ecosystem continue to dominate weekly commits, and that’s where CCIP is getting most of its traction. It’s not simply about which bridging protocol developers build with; it’s about which one gets embedded into the standard stack of high-value applications.
Still, uncertainty remains. There is no public, real-time dashboard that cleanly compares the security incidents, liveness failures, or fee structures of all major cross-chain protocols over a multi-year window. The decision to migrate is often opaque, driven by commercial agreements, risk committee assessments, or token incentive deals that outsiders cannot see. So while the headline number—$7.2 billion—is striking, it measures total value that moved, not a controlled test of technical superiority.
Regulatory noise and infrastructure choices There’s also a regulatory dimension that doesn’t show up in migration announcements. In Washington, the last-minute maneuvering around landmark crypto legislation, as covered in a recent report on the Senate bill campaign, is forcing protocols to think about compliance design ahead of hard mandates. A cross-chain infrastructure that already integrates monitoring, rate limiting, and decentralized validation aligns more neatly with a future where regulators demand real-time visibility into asset flows. That doesn’t prove causation in the migration wave, but it provides the backdrop against which decisions are being made.
What comes next will test whether this clustering effect accelerates. If more mid-tier protocols follow Mantle, the network effect could tip further. If a major lending protocol or stablecoin issuer migrates, the conversation shifts entirely. For now, the interoperability map of DeFi has a new gravity well, and it is sitting squarely inside Chainlink’s orbit.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
The migration to Chainlink CCIP strengthens the security of MNT as it moves across chains, laying the foundation for Mantle’s strategy for powering the future of tokenized finance at scale.
DUBAI, UAE, July 9, 2026 /PRNewswire/ — Mantle, the premier distribution layer connecting traditional finance and on-chain liquidity, today announced the migration of its Mantle Super Portal, co-developed with Bybit, from LayerZero to Chainlink Cross-Chain Interoperability Protocol (CCIP). This upgrade brings the industry’s highest level of cross-chain security to MNT, the token underpinning Mantle’s $2.5B+ ecosystem, marking a significant step forward in hardening the infrastructure that moves value across the Mantle ecosystem.
With billions lost to cross-chain exploits, bridging infrastructure has emerged as one of the most security-sensitive surfaces in the industry, concentrating both the largest volume of value in transit and the greatest exposure to risk. Following a review of its cross-chain infrastructure to bolster higher ecosystem security, Mantle selected Chainlink CCIP as the solution that met its rigorous security requirements. Built on a defense-in-depth architecture, CCIP features:
Robust cross-chain security: CCIP establishes a strong security floor for all cross-chain transfers through the default use of Chainlink’s robust Decentralized Oracle Network (DON) infrastructure. Decentralized node infrastructure: Every CCIP bridge lane is secured by 16 independent, high-quality, and security-reviewed node operators. Advanced risk management: CCIP features native rate limits that act as circuit breakers to limit contagion during extreme scenarios. Institutional security standards: CCIP is SOC 2 Type 2 compliant, meeting the strict enterprise-grade security standards required by major institutions. As the value moving through the Super Portal accelerates, the security standard required to secure rises with it. Mantle’s migration to Chainlink CCIP reflects a calculated decision to meet that standard, driven by security and risk considerations, and to align with a broader industry shift towards secure-by-default infrastructure.
The Super Portal will be temporarily suspended during the migration, tentatively scheduled for 9 to 15 July 2026. As with any infrastructure migration of this scale, the window may extend slightly beyond this estimate to ensure a complete and secure transition. No action is required from users: existing MNT on Ethereum and Solana is unaffected, as are all interactions involving MNT on Byreal and Bybit, and transfers will resume automatically once the migration is complete.
A Security Upgrade for the Mantle Super Portal
The Mantle Super Portal, developed in collaboration with Bybit, is Mantle’s cross-chain hub for moving MNT between ecosystems. It currently connects MNT between Ethereum and Solana, with further routes planned as Mantle expands.
With this migration, MNT has deprecated LayerZero OFT and adopted the Cross-Chain Token (CCT) standard, with all transfers through the Super Portal now secured by Chainlink CCIP. Under the CCT standard, all transfer controls are configured by Mantle, providing full autonomy and ownership over its smart contracts and cross-chain token pool.
Beyond strengthening security, the migration establishes the foundation for MNT to interoperate across a wider range of chains, venues, and markets as Mantle grows, complemented by Bybit’s support for MNT deposits and withdrawals on Solana.
Chainlink CCIP is widely adopted across the blockchain industry to secure cross-chain transfers of high-value assets, as it is built on the same battle-tested Chainlink infrastructure that secures approximately 70% of DeFi and has enabled $32+ trillion in onchain value.
“As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought,” said Emily Bao, Key Advisor at Mantle. “Deprecating our legacy bridging solution and migrating the Super Portal to Chainlink CCIP brings every MNT cross-chain transfer in line with the security standards of the world’s largest financial institutions. It is the level of assurance the next phase of on-chain finance demands.”
“We’re continuing to see an industry trend of leading protocols upgrading their cross-chain infrastructure to meet the requirements of institutional adoption. Mantle’s migration to Chainlink CCIP reflects the growing recognition that secure-by-default infrastructure is critical for any cross-chain deployment to succeed at scale.” Johann Eid, Chief Business Officer, Chainlink Labs
Building the Secure Foundation for Tokenized Finance
As tokenized equities, money market funds, and other regulated assets increasingly move on-chain, the infrastructure carrying them is being held to the standards of traditional finance. Securing the Super Portal with Chainlink CCIP reinforces Mantle’s position as the distribution layer connecting traditional finance and on-chain liquidity, where security of this caliber is a precondition and builds toward Mantle and Bybit’s continued commitment to grow MNT through further integrations, opportunities, and use cases.
Mantle’s vision of a full-stack RWA layer, built on bedrock liquidity, aligns directly with Chainlink’s evolution into an all-in-one oracle platform powering real-world asset tokenization, collateral mobility, and composability across chains. That alignment extends into the infrastructure itself as Chainlink secures the flow of value, Mantle secures the rails it moves on.
As the ecosystem grows, Mantle will continue to deploy the most secure infrastructure available across its stack, matching the protection of every asset to the value it carries.
About Mantle
Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows. With over $2B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, and OP-Succinct.
For more information visit mantle.xyz.
For more social updates, please follow: Mantle Official X & Mantle Community Channel
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About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of DeFi. The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Polymarket, Lido, Lighter, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.
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Whale transaction counts on Lighter and Mantle have surged to six-month highs, according to the Santiment update published on July 7. The data arrives as spot altcoin volatility climbs, pulling attention back to on-chain signals that often precede meaningful price action. Lighter ($LIT) recorded 86 transactions exceeding $100,000, while Mantle ($MNT) logged 37 such large-wallet moves—both the highest levels seen in half a year.
The spike in LIT whale transactions appears tied to a cluster of catalysts that have rekindled interest around the protocol. Lighter operates as a perpetual DEX built for low-latency trading. Recent tokenomics adjustments—including buyback and burn mechanics and staking yield enhancements—have dovetailed with partnership announcements that signal product expansion. The combination has created a narrative that resonates with large traders looking for asymmetric opportunities in the derivatives layer, where volume can shift rapidly once a protocol gains traction.
Lighter’s Perpetual DEX Narrative and Tokenomics Overhaul Perpetual DEX protocols have been one of the more consistent sectors within DeFi through 2025 and into 2026, and Lighter’s positioning in this vertical gives it a meaningful wedge. When whale entities begin moving significant sums, it often reflects confidence that liquidity will remain deep enough to exit positions. The 86 large transactions registered by Santiment are a data point suggesting that professional participants see something in Lighter’s setup that retail hasn’t fully absorbed yet. Tokenomics redesigns—specifically buyback and burn models—can compress circulating supply in ways that appeal to funds that model token value based on supply-side dynamics. The staking yield layer adds another dimension, potentially locking up tokens and reducing sell pressure.
Still, caution is warranted. Whale transaction surges don’t always translate into immediate price appreciation. They can also signal distribution, or simply large players repositioning within the ecosystem. Without additional context—like exchange inflow data or wallet cohort breakdowns—the signal is directional but not definitive.
Mantle’s Real-World Asset Ambitions Attract Large Wallets Mantle’s whale activity spike comes alongside the network’s expanding push into real-world assets and tokenized equities. The ecosystem has been building toward tokenized stocks and pre-IPO vaults, themes that have gained institutional traction as the tokenization sector crossing $20 billion on-chain showed just weeks ago. Mantle’s native token $MNT has become a proxy for exposure to this narrative, and the 37 transactions over $100K captured by Santiment align with a period when tokenized Treasuries and equities are drawing more serious bids. Large wallets paying attention to an RWA-layered L1 or L2 is a pattern that played out on other chains before significant valuation repricings.
On the technical side, elevated whale activity on Mantle coincides with a broader push toward utility tokens that have a clear product roadmap. Developer engagement across layer-2 networks has remained high, as noted in recent developer activity data showing Ethereum-aligned chains retaining strong mindshare. Mantle’s bid for tokenization and equity infrastructure is distinct from the general DeFi arms race, which may be part of what’s drawing large wallets during a noisy altcoin period.
The divergence between whale behavior and retail sentiment stands out. While large addresses have been quietly accumulating or repositioning, the broader retail audience remains distracted by headline volatility and short-term price moves across the altcoin complex. If history is any guide, sharp increases in whale transaction counts can mark an early phase where informed capital begins to price in upcoming catalysts before public attention catches up. What remains uncertain is whether these moves are isolated to the Lighter and Mantle ecosystems or part of a broader large-wallet rotation toward tokens with concrete narrative backing—perpetual swap demand on one side, tokenized real-world assets on the other.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
The speed at which Mantle is onboarding tokenized private company equities has turned from trickle to signal. The network just landed Bending Spoons (BSPx) as its third such listing in under 30 days, according to the original report. That cadence is rare for a sector still defined more by experimentation than by sustained volume. Mantle is now explicitly positioning itself as a distribution layer between traditional finance and on-chain markets, and the BSPx listing underlines the operational capacity backing that claim.
Tokenized equities remain a small fraction of the broader real‑world asset (RWA) market. Yet the RWA space itself crossed $20 billion in on‑chain value earlier this year, a milestone that recent analysis tracked alongside major institutional moves. Bending Spoons, the Italian mobile app developer behind products like Evernote and Remini, is privately held—there is no public stock. Bringing its tokenized shares on-chain lets accredited investors access exposure without the friction of traditional private markets. For Mantle, repeatedly drawing such assets suggests its infrastructure is being treated as ready for production, not just pilot phases.
Why the Listing Pace Matters Three tokenized equity launches inside a single month on one Layer 2 is atypical. Most networks handling RWAs lean heavily on tokenized government securities or stablecoin collateral. Illiquid private company shares carry different risks: settlement complexity, issuer‑side compliance demands, and thin secondary liquidity. Mantle’s quick succession of BSPx after earlier issuances signals that the technical and legal rails are holding.
Not every blockchain can reliably support tokenized equity without external trust assumptions. Mantle’s design—built as an Ethereum rollup with a native focus on institutional‑grade bridging—has been refined over quarters. The network’s modular data availability layer and its native token economics aim to keep gas costs predictable, which matters when issuers want to avoid fee spikes during distribution events. Three listings with real companies indicate that the sales pitch is landing with corporates that can choose any chain.
The Private‑Market Liquidity Gap Private company shares have long been stuck in an illiquidity trap. Employees hold options, early investors sit on paper gains, and secondary transactions are manual, slow, and opaque. Tokenization doesn’t solve legal transfer restrictions overnight, but it does make compliant fractional sales technically feasible. That’s why Mantle’s cadence—moving from concept to live listings—is being watched by market operators who see a pipeline forming.
At the same time, on‑chain orderbooks for tokenized equities are immature. The spreads on BSPx are unlikely to resemble anything seen on Nasdaq. Early adopters are effectively betting that infrastructure precedes liquidity, not the reverse. For Mantle, the play is to aggregate enough high‑quality private names that market makers and custody providers eventually consider integrating with its native asset vaults. That is a long game, but the velocity of new listings shortens the feedback loop.
Regulatory Shadows and How Mantle Fits Any securities‑adjacent token launch in 2026 operates under a regulatory framework that is still hardening. Weeks of intense lobbying in Washington recently culminated in a battle over a landmark crypto bill, as reported just days ago. The outcome will likely shape what can be tokenized without triggering legacy securities laws. Mantle’s focus on equities places it directly in the crosshairs of these debates.
The network’s disclosure has not detailed how it structured the BSPx offering under applicable exemptions, which will matter to institutional compliance desks. European private companies like Bending Spoons may lean on EU prospectus exemptions, but the token marketing likely touches investors across jurisdictions. That jurisdictional patchwork remains the largest unhedged risk for the space. Mantle’s consistent listing pace will force these questions to be answered sooner rather than later.
What The Market Is Discounting Tokenized equity is not an asset class yet—it is a product category in alpha. The market is not pricing in sudden volume or deep liquidity for BSPx. What it may be discounting, however, is how quickly a Layer 2 network can become the default conduit for private company tokens if existing financial intermediaries continue to move slowly. Institutional interest is real: recent moves such as a Nasdaq firm deepening its staking footprint on Sui show that traditional players are testing blockchain rails in earnest.
Mantle’s ability to land three name‑brand issuances in rapid succession suggests it understands that speed of execution, rather than permissionless maximalism, is what attracts equity issuers. The test for BSPx will be whether secondary market data—however modest—starts to flow on-chain, and whether that attracts a fourth issuer even faster. For now, the network is stacking proof points that a tokenized private capital market can run on its infrastructure, one listing at a time.
Each new tokenized equity on Mantle adds a data point for an industry that remains reliant on narratives. The underlying message is that private company shares are not a one‑off gimmick on the network—they are becoming the baseline, not the exception.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Not every altcoin move shows up in price charts first. Sometimes the earliest signal comes from wallet behavior, and the latest on-chain snapshot from Santiment points to a notable uptick in whale conviction across two contrasting network plays: Lighter and Mantle. While the broader market sorts through altcoin volatility, large wallets are getting louder on both $LIT and $MNT.
According to the on-chain update, Lighter recorded 86 transactions valued above $100,000—the highest in six months. Mantle registered 37 such moves over the same threshold, also a half-year peak. The data arrives at a moment when retail attention is distracted by noise, making the divergence in whale positioning worth a closer look.
Perp DEX Demand Meets Buyback Economics Lighter’s whale spike doesn’t appear to be a single-wallet anomaly. The 86 transactions suggest multiple large players rotating into $LIT as interest in perpetual DEX infrastructure intensifies. The token draws from a combination of mechanism upgrades that include buyback-and-burn dynamics, staking yield, and a renewed discussion around tokenomics. When perp DEX volumes grow across chains, the projects that settle trades and capture fees become the kind of infrastructure whales watch closely.
Trading volumes have fanned out across layer-2 venues and alternative settlement layers in recent months. That has pulled attention toward chains and protocols that can grab even a small slice of the perp pie. Lighter’s positioning here is built around being lightweight and settlement-focused, and the timing of whale interest hints that some participants expect volume flows to tilt in its direction. Whether this translates into sustained on-chain activity or a short-term repositioning remains unclear, but six-month highs in large transactions rarely appear without a reason.
Mantle and the Real-World Asset Overlay Mantle’s whale signal is different in texture. It leans heavily on the network’s expanding real-world asset layer. With tokenized equities, pre-IPO vaults, and a broader push into bringing regulated instruments on-chain, RWA tokenization has crossed $20 billion on-chain in recent weeks, and Mantle has been building infrastructure that aims to capture some of that flow. The 37 transactions over $100K suggest whales are reading the RWA roadmap as something that could shift network utility beyond generic layer-2 competition.
What makes the Mantle signal interesting is that it arrives when altcoin rotation patterns remain uneven. Large wallet activity here implies that some allocators are treating $MNT less as a short-term volatility bet and more as exposure to the tokenization trend. The risk, as always, is that regulatory clarity on tokenized stocks and pre-IPO products remains patchy. Any delay or enforcement action could cool speculative interest fast, but for now the wallet data shows positioning, not exiting.
What the Signals Leave Unanswered Both Lighter and Mantle are seeing whale-level engagement at a time when recent altcoin breakouts have shifted trader attention across a range of tokens. High transaction counts over $100K usually indicate deliberate accumulation or large-scale redistribution, not bot activity. But the data can’t distinguish between new entrants and existing holders reshuffling positions. If these spikes are front-running upcoming catalysts, the follow-through will matter more than the initial signal.
What the Santiment observation does well is show where large wallets are active while retail remains hesitant. For traders watching on-chain flow rather than price gossip, the spread between whale behavior on LIT and MNT is a reminder that market structure narratives—perpetual swaps and real-world assets—are still drawing serious capital. The next data refresh will reveal whether these spikes mark the beginning of a larger trend or a temporary reallocation ahead of macro decisions.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Large-wallet activity on @Lighter_xyz and @Mantle_Official just hit its highest level in six months, according to on-chain analytics firm @SantimentData. Lighter recorded 86 transactions worth more than $100,000, while Mantle registered 37 such transactions, marking the highest daily whale activity for both tokens in the past six months.
Although whale transaction metrics do not distinguish between buying and selling, they are widely viewed as indicators of heightened activity by large holders, and such spikes often coincide with periods when institutional investors or high-net-worth wallets reposition their portfolios ahead of significant market moves.
$LIT catches a Robinhood catalyst The surge in $LIT whale activity follows a major product integration. @RobinhoodApp Wallet now offers in-app perpetual futures trading, with the engine underneath being @Lighter_xyz, the rising zk-powered perps exchange atop Ethereum. Robinhood Chain, a Layer 2 built using Arbitrum's tech stack, went live on public mainnet on July 1, with the Lighter perps integration arriving alongside it. Lighter has committed $11 million of its native $LIT tokens to the Robinhood community as part of the deal, and eligible users earn points on perpetual futures trades on Lighter, converting directly into $LIT, with no fees on perpetuals accessed through Lighter for the first 90 days.
$LIT surged 24% as Robinhood Wallet added Lighter's perpetual futures trading. The token has since climbed further to trade near $2.70, a fresh high. As an exchange based in America with its token issued out of a Delaware C-corp, Lighter has a cleaner path into regulatory approval than offshore-first competitors, adding to the longer-term investment case behind the whale positioning.
$MNT whales accumulate but price stays stuck The picture for @Mantle_Official is more mixed. Whale transaction counts matched the six-month high, yet the price response has been muted. Mantle remains in a broader downtrend, with $MNT trading near $0.43 after failing to reclaim the key $0.57 resistance, and while the RSI has recovered from oversold conditions, momentum remains weak and buyers have yet to confirm a trend reversal.
For $MNT to validate the recent whale activity, the token must first reclaim $0.57, which could pave the way toward $0.94 and eventually $1.08. Mantle continues to benefit from its expanding Layer 2 ecosystem and one of the largest community-controlled treasuries in the crypto market, and ongoing ecosystem development, DeFi incentives, and long-term infrastructure growth may be encouraging whales to accumulate positions while prices remain significantly below previous highs.
For now, the divergence is stark. Lighter has a clear narrative driving price alongside the whale flows. Mantle has the accumulation signal but is still waiting for a price catalyst to match it.
Sources
CoinPedia: Crypto Whales Accumulating Lighter and Mantle
The Block: Robinhood Chain Goes Live with Lighter Perps
Robinhood Newsroom: Robinhood Chain Mainnet Launch
While Bitcoin and the altcoin market in general continue to trade with high volatility, some on-chain data suggests that cryptocurrency whales are quietly accumulating.
At this point, the cryptocurrency analysis platform Santiment noted an explosion in whale activity in two altcoins.
According to Santiment, the altcoins Lighter (LIT) and Mantle (MNT) have seen their highest whale transactions exceeding $100,000 in the last six months. This indicates that large investors are becoming increasingly active despite the uncertain market environment.
According to the data, LIT is giving a strong signal with 86 trades above $100,000, while Mantle is showing a strong signal with 37 trades above $100,000.
Santiment notes that the increase in whale activity in LIT is “likely driven by renewed interest related to the persistent DEX narrative, token economics updates, buyback and burn mechanisms, staking yield, and recent partnership rumors.”
The increase in Mantle is said to stem from its expansion around tokenized shares, pre-IPO vaults, and deeper ecosystem usage.
Historically, increases in large investor activity have often preceded periods of high volatility or trend reversals, but large investor transactions, such as those by whales, do not alone guarantee a sustainable uptrend.
*This is not investment advice.
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Lighter and Mantle, two Ethereum-adjacent networks with very different value propositions, are both experiencing their highest whale transaction activity in six months, according to on-chain data from Santiment.
Lighter’s whale magnets: buybacks and volume Lighter operates as a zero-knowledge rollup built specifically for decentralized perpetual futures trading on Ethereum, where the ZK infrastructure handles order matching and throughput.
The protocol has been running an aggressive buyback program, repurchasing approximately 15.5 million of its native LIT tokens. That represents roughly 6.3% of the total token supply, funded directly from treasury revenues.
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In a single seven-day window in early January, wallets accumulated over $3.8 million worth of LIT. One particularly notable wallet held around 13.2 million LIT, valued at approximately $40 million at the time.
Lighter’s platform surpassed $200 billion in 30-day trading volume on its perpetual DEX, a figure that puts it ahead of several more established competitors. The infrastructure can reportedly process tens of thousands of orders per second with millisecond latency and zero fees for retail traders.
Mantle’s quiet rise in the layer 2 wars Mantle Network positions itself as a modular Ethereum Layer 2 solution with a primary emphasis on liquidity and capital efficiency.
Santiment data flagged Mantle’s token, MNT, as the number one network for increases in transactions worth $100,000 or more back in August 2025.
The Layer 2 landscape is crowded. Arbitrum, Optimism, Base, and zkSync all compete for developer attention and user capital. Mantle’s differentiator has been its treasury, one of the largest in crypto, which gives it significant runway to incentivize adoption and build partnerships.
What this means for investors For Lighter specifically, the combination of a supply-reducing buyback program and surging trading volume creates a relatively straightforward bull case. If the protocol continues generating revenue sufficient to fund buybacks while maintaining its volume trajectory, LIT holders benefit from both reduced supply and growing fundamental utility.
One pattern worth watching: new wallets have been making multi-million-dollar initial investments in both tokens. Fresh wallet creation paired with large first deposits is a classic on-chain signal of institutional or high-net-worth entry, not existing holders reshuffling positions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Just as US banks fight a landmark crypto bill days before a Senate vote, Mantle is moving in the opposite direction—actively building the infrastructure to bring traditional financial assets onto public blockchain rails. The Ethereum layer-2 network, positioning itself as a distribution layer bridging off-chain capital and on-chain liquidity, released its H1 2026 milestones on Thursday, according to the original report, with a clear emphasis on real-world asset (RWA) integration.
Mantle’s update comes during a quarter when the tokenization of traditional assets has moved from experimentation to execution. In recent weeks, Bullish agreed to buy Equiniti for $4.2 billion, Ondo Finance settled a live Treasury trade with JPMorgan, and the total value of tokenized RWAs crossed $20 billion on-chain. That backdrop makes Mantle’s mid-year report a window into how layer-2 networks are positioning themselves to capture the next wave of institutional flow.
What Mantle Actually Announced The PRNewswire release is light on specifics—it teases H1 2026 achievements but doesn’t enumerate them. Yet the title itself, “Building the Financial System in Full Force for Real-World Assets,” signals that Mantle is deepening its focus on RWA tokenization, likely through partnerships with traditional finance firms or enhancements to its developer tooling. The chain, which uses optimistic rollup technology, has been steadily building a DeFi ecosystem, but this pivot suggests its next growth phase will be tied to assets that originate outside crypto.
For traders and liquidity providers, the implication is a potential expansion of yield-bearing instruments on Mantle—think tokenized bonds, private credit, or money market funds—that could absorb the stablecoin liquidity already sitting idle across DeFi. For institutional users, the network’s low fees and fast finality make it a candidate for settlement layers that don’t require permissioned chains. The missing piece is regulatory clarity, something Mantle’s release conspicuously avoids.
The Regulatory Wildcard No discussion of real-world assets on public blockchains can ignore the regulatory environment. The same US banks that are demanding last-minute changes to a pro-crypto bill have enormous influence over the legal treatment of tokenized securities. If the GENIUS Act (or a successor) passes without adequate safe harbors for on-chain assets, platforms like Mantle could face an uphill battle convincing risk-averse asset managers to issue directly on a public L2 rather than through a licensed alternative trading system. That legislative drama creates a binary situation: either a flood of new tokenized instruments arrives, or DeFi-native RWAs remain a niche experiment.
Mantle’s announcement doesn’t engage with this directly, but the network’s choice to double down on RWAs is a bet that the regulatory path will eventually clear. It’s a bet shared by most of the tokenization sector, which has been accumulating infrastructure even as legal frameworks lag.
Meanwhile, network data suggests Mantle’s developer activity is edging upward, though it remains behind heavyweights like Ethereum and BNB Chain. A sustained RWA push could change that, drawing developers who previously worked on private blockchain projects into the public layer-2 ecosystem. The network’s low fee structure and Ethereum compatibility lower the barrier for financial engineers to experiment with tokenized asset protocols.
On-Chain Finance Without the Middlemen What sets Mantle apart from other layer-2 solutions is its explicit role as a distribution layer—not just a scaling solution for Ethereum, but a venue where traditional financial products can be assembled, packaged, and distributed to on-chain users without the full stack of intermediation. That vision aligns with a broader industry shift toward direct-to-wallet assets, but it also invites competition from institutional-focused chains like Avalanche, Polygon, and even Ethereum mainnet with its growing institutional DeFi tools.
The H1 2026 milestones, however vague, suggest Mantle is not waiting for consensus. The network is proceeding as if the market structure for on-chain finance will be built in the open, rather than behind closed doors by banking consortiums. Whether that confidence is rewarded depends on how quickly regulators decide whether public chains can host regulated assets at scale.
For now, Mantle’s report is less a roadmap and more a directional signal. It tells the market that layer-2 networks are no longer content to simply process transactions; they want to become the rails for the assets themselves. The tokenization race has a new entrant—one that plans to force the issue in the second half of 2026.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
PANews, July 1 – According to SoSoValue data, crypto sectors generally fell, with the Layer 2 sector down 3.57% in 24 hours. Among them, Mantle (MNT) fell 4.97%, Starknet (STRK) fell 4.93%, and Celestia (TIA) fell 9.54%. Meanwhile, Bitcoin (BTC) fell 1.89%, dropping below $59,000; Ethereum (ETH) fell 0.98%, dropping below $1,600.
In other sectors, the PayFi sector fell 0.29% in 24 hours, but Stellar (XLM) rose 11.00%; the CeFi sector fell 0.87%, Binance Coin (BNB) fell 1.19%; the Meme sector fell 1.05%, MemeCore (M) rose against the trend by 22.60%; the Layer 1 sector fell 1.41%, Cardano (ADA) was relatively resilient, rising 1.32%; the DeFi sector fell 2.79%, LAB (LAB) fell 14.83%.
Additionally, the SocialFi and NFT sectors were relatively resilient, rising 0.50% and 0.54% respectively. Within the SocialFi sector, Gram (GRAM) rose 1.01%; within the NFT sector, Audiera (BEAT) rose 7.87%.
The crypto market has faced a tough week of trading. Since Monday, June 22, Bitcoin [BTC] has fallen 8.6%, from $65.6k to $60k. During this time, Mantle [MNT] prices have slid by 21.6%, from $0.541 to $0.416.
In the past 24 hours alone, MNT prices were down by just under 10%. The daily trading volume has increased by 44%, which indicates heightened selling activity as prices slid lower.
The Mantle price drop was influenced by Bitcoin, which in turn reacted to macro market news. Inflation was on the rise. Data from the Bureau of Economic Analysis showed that the personal consumption expenditures price index (PCE) was up 4.1% year-on-year in May 2026, reaching a 3-year high.
This triggered a sell-off, and long liquidations sent prices reeling lower. Mantle’s long-term price trend was bearish, and the recent losses reinforced this bias.
MNT slips below key long-term support Source: MNT/USDT on TradingView The 1-week chart of MNT highlighted the importance of the $0.55 support level. The buyers have defended it since early 2024. Losing this critical long-term support level meant the long-term trend was now bearish.
The RSI was at 32.7 and not yet at oversold conditions. The OBV has bounced since last July but was slowly sliding lower, too.
This week’s losses meant the altcoin is likely to drop to the $0.319 support level soon, and possibly even lower.
Traders’ call to action- Wait to sell the bounce Source: MNT/USDT on TradingView The 4-hour timeframe showed a bearish swing structure. The latest downward continuation signal came when the $0.506 lower low was broken on Wednesday, June 24.
The RSI was deep in oversold conditions, and the OBV’s downward moves were much more apparent than on the weekly timeframe.
This, combined with the break of the weekly support, meant that the current H4 swing move lower was over, or close to being over. A bounce is likely to commence from here, reaching the key Fibonacci retracement targets overhead.
Therefore, a bounce into the golden pocket at $0.526-$0.556 would offer a selling opportunity.
Final Summary The Bitcoin price drop earlier this week spurred the heavy MNT losses as market participants sought not to endure the rocky seas. Traders can wait for a price bounce toward $0.55 before selling.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
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Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
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A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
The KelpDAO exploit has rattled confidence in decentralized finance (DeFi) and sparked a capital exodus, dragging total value locked across the sector from $99.5 billion to $83.7 billion since April 18.
Aave is now spearheading a “DeFi United” effort, with support from major protocols, to restore the backing of rsETH, the liquid restaking token at the center of the crisis.
Stani Kulechov Pledges 5,000 ETH Personally as Aave’s DeFi United Takes ShapeOn April 18, attackers drained 116,500 rsETH, worth roughly $292 million, from KelpDAO’s cross-chain bridge. The stolen tokens were then deposited as collateral on Aave V3, where the hacker borrowed large volumes of Wrapped Ether (WETH) against them.
Because the rsETH became unbacked, the positions are effectively unliquidatable, leaving Aave with bad debt.
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Panic withdrawals followed. Aave’s total deposits dropped from $45.8 billion to $28.6 billion, marking a $17.2 billion decline. According to LayerZero, early data points to the Lazarus Group’s TraderTraitor as the likely party responsible for the biggest DeFi hack of 2026.
In an X post, Aave said several firm indicative commitments have been lined up from participants willing to help restore rsETH’s backing. Lido Finance has submitted a proposal to contribute up to 2,500 staked ether (stETH) to a dedicated relief vehicle.
Mantle Treasury followed with its own proposal to lend up to 30,000 ETH to Aave DAO. Aave founder Stani Kulechov personally committed 5,000 ETH.
“Aave is my life’s work and we’re working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible,” Kulechov wrote.
EtherFi Foundation proposed another 5,000 ETH, and Golem contributed 1,000 ETH. The initiative has also received support from Ethena, LayerZero, Tydro, the Ink Foundation, Frax Finance, and more.
Aave also paused rsETH reserves across Ethereum Core, Arbitrum, Base, Mantle, and Linea to support recovery.
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PANews reported on April 24th that, according to an announcement from the official KelpDAO X account, since April 18th, Kelp has been closely coordinating with Aave and its ecosystem partners to advance the recovery plan for rsETH holders. The initial shortfall was 163,200 ETH; Kelp has recovered 40,300 rsETH (approximately 43,000 ETH), and the Arbitrum Security Council has recovered 30,700 ETH, leaving a remaining shortfall of approximately 89,500 ETH. Confirmed public commitments include contributions of 43,500 ETH from Mantle, Aave founder Stani Kulechov, EtherFi, Lido, Golem, and others. Kelp stated that rsETH holders are the top priority and will continue to release updates.
