# Mantle (MNT) — crypto price, market cap and strength versus Bitcoin

> Mantle trades at $1.01 with a market capitalisation of $1.5B (rank 53). Its 90-day reading against Bitcoin is unavailable, so relative strength is not called here. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: Mantle (MNT), a Layer 2 token of $1.5B at market-cap rank 53. On-chain activity is sourced from chain + protocol + chain TVL.
- What the tape says: No 90-day Bitcoin-relative reading is available; above its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks.
- What the evidence supports: 41.7/100 inside Layer 2 on 64% evidence (68% of it native activity). Evidence is mixed. Keep normal research priority and wait for two pillars to agree.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Mantle does publish network fees, total value locked, active addresses, transactions.

Theme: Layer 2 (/crypto/sector/layer-2). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

Mantle is +622.7% over one year, unavailable over 90 days and -10.1% over 30 days. Annualised 30-day volatility is 35%. Its deepest fall from a high inside the last 90 days is 16%. It trades above its 200-day average, which is rising.

- Price: $1.01
- Market cap: $1.5B (rank 53)
- Returns: 7d -13%; 30d -10%; 90d —; 180d +765%; 1y +623%
- RS versus Bitcoin, 90d: —
- 30-day volatility: 35% annualised; deepest 90-day fall 16%
- 200-day average: $0.3559, trading above it

## Protocol economics

Mantle publishes 4 of the six network-economics series this site tracks: network fees, total value locked, active addresses, transactions. Network fees over the last four complete quarters is $474.3K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.

- Network fees: trailing four quarters $474.3K; change -72%; covered 12/20 quarters
- Total value locked: latest quarter $144.2M; change -32%; covered 13/20 quarters
- Active addresses: latest quarter 1,590; change -87%; covered 12/20 quarters
- Transactions: trailing four quarters 30,504,447; change -76%; covered 12/20 quarters

## Research score

Mantle: 41.7/100 — Illiquid · research only; 20.5 + 9.8 + 5.0 + 6.4 = 41.7; evidence 64%; native evidence 68%; rank 19 of 33 rated Layer 2 coins
Decision use: Evidence is mixed. Keep normal research priority and wait for two pillars to agree.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Layer 2 scorecard

Mantle is one of 48 Layer 2 coins here, 33 of which carry enough evidence to be rated and ranked. Mantle ranks 19 of those 33 on 64% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. POL (ex-MATIC) (POL): score 69.5; evidence 62%; Illiquid · research only
- 2. COTI (COTI): score 64.1; evidence 55%; Illiquid · research only
- 3. Capx AI (CAPX): score 56.5; evidence 50%; Illiquid · research only
- 4. Prom (PROM): score 55.8; evidence 55%; Illiquid · research only
- 5. Celo (CELO): score 54.2; evidence 90%; Illiquid · research only
- 6. Aztec (AZTEC): score 53.1; evidence 43%; Illiquid · research only
- 7. Linea (LINEA): score 50.5; evidence 100%; Mixed · market gate closed
- 8. MegaETH (MEGA): score 49.9; evidence 12%; Illiquid · research only
- 9. Sophon (SOPH): score 48.9; evidence 55%; Illiquid · research only
- 10. AltLayer (ALT): score 48.2; evidence 12%; Illiquid · research only
- 11. BSquared Network (B2): score 48.1; evidence 55%; Tape-led · on-chain proof incomplete
- 12. Immutable (IMX): score 48; evidence 17%; Illiquid · research only
- 13. OpenLedger (OPEN): score 47.9; evidence 12%; Illiquid · research only
- 14. Stacks (STX): score 47.5; evidence 17%; Illiquid · research only
- 15. Aevo (AEVO): score 47.3; evidence 50%; Illiquid · research only
- 16. Treasure (MAGIC): score 47.3; evidence 12%; Illiquid · research only
- 17. Optimism (OP): score 44.7; evidence 100%; Lagging · market gate closed
- 18. Metal DAO (MTL): score 44.4; evidence 50%; Illiquid · research only
- 19. Mantle (MNT) [this coin]: score 41.7; evidence 64%; Illiquid · research only
- 20. Cartesi (CTSI): score 41.7; evidence 50%; Illiquid · research only
- 21. ZKsync (ZK): score 41.1; evidence 62%; Illiquid · research only
- 22. Loopring (LRC): score 41; evidence 55%; Illiquid · research only
- 23. PHALA (PHA): score 39.5; evidence 50%; Tape-led · on-chain proof incomplete
- 24. Status (SNT): score 37.6; evidence 50%; Illiquid · research only
- 25. Nervos Network (CKB): score 36.8; evidence 50%; Illiquid · research only
- 26. Manta Network (MANTA): score 36.3; evidence 100%; Lagging · market gate closed
- 27. Orderly (ORDER): score 36.2; evidence 55%; Illiquid · research only
- 28. Lumia (LUMIA): score 36.2; evidence 50%; Illiquid · research only
- 29. Merlin Chain (MERL): score 34.2; evidence 55%; Illiquid · research only
- 30. Taiko (TAIKO): score 33.6; evidence 94%; Lagging · market gate closed
- 31. Metis (METIS): score 31.9; evidence 84%; Illiquid · research only
- 32. Islamic Coin (ISLM): score 24.1; evidence 55%; Illiquid · research only
- 33. Lisk (LSK): score 21.3; evidence 100%; Illiquid · research only

## Limitations

- Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
- Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
- No valuation band exists for any coin: historical market capitalisation is not held at all.
- Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
- The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.

## FAQs

### What is Mantle (MNT)?

Mantle is a Layer 2 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from chain + protocol + chain TVL. It is one of 48 Layer 2 coins on this site. Readings are as of 2026-07-31.

### What is the market cap of Mantle?

Mantle's market capitalisation is $1.5B, ranking it 53 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is Mantle beating Bitcoin?

Mantle has no usable 90-day reading against Bitcoin at present, so this page does not call its relative strength. Layer 2 as a whole is -11.4% against Bitcoin over 13 weeks.

### Does Mantle have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

### What is Mantle's research score?

41.7/100 within Layer 2, ranked 19 of 33 rated Layer 2 coins, on 64% evidence: 20.5 + 9.8 + 5.0 + 6.4 = 41.7. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action.

### How much Mantle history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Mantle actually publishes. Here that is network fees, total value locked, active addresses, transactions.

### Does Mantle generate network fees?

Mantle's trailing twelve-month network fees is $474.3K, down 71.6% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.