Since the end of August 2025, the Mantle project token (MNT) has increased by 47%, according to TradingView. Incrypted’s editorial team has compiled the factors and background behind this uptrend in one piece.
As you can see in the chart below, the price of the token started to skyrocket in early September 2025. on September 23, the exchange rate broke through the $1.9 level, setting a new all-time high (ATH):
Other indicators also registered positive dynamics. According to CoinGecko, the capitalization of the asset reached $5.8 billion, the trading volume for the last 24 hours – $642 million.
The possible reasons for this are the social background around the project, as well as the development of the ecosystem. In particular, the number of active addresses in the network has increased dramatically since the beginning of the month:
As you can see, there were also at least three significant spikes in social media attention to the project in September, according to Santiment. Meanwhile, the overall Social Dominance score (Social Dominance) also increased:
Another factor that strengthened the upward trend was the integration of the project with the Bybit exchange. It provides, among other things, the following:
- higher leverage for counterparties providing collateral to MNT. Up to 8x on the spot market, up to 5x (USDT) and 10x (USDT and USDC) for open-ended futures contracts, and up to 8x for lending;
- extended fixed rate lending terms when providing more MNT as collateral. 500,000 MNT – 2 months, 1 million MNT – 3 months, 1.5 million MNT and more – 4 months.
And this is just part of a larger strategy to integrate MNT into the Bybit ecosystem. The exchange has also launched the Bybit MNT Holder Program, for example.
This is a strategic initiative aimed at increasing the utility of the token. It makes it easier for MNT holders to achieve VIP status and a range of benefits that come with it, including discounts on commissions.
The token is also part of the Discount Buy product. It allows you to purchase an asset at a predetermined discounted price or receive a refund in the form of a deposit and a small percentage of income.
In the case of MNT, there is no knockout limit. This means that the trader will get the token at the set value anyway.
As noted in the community, the integration of MNT into the ecosystem of one of the largest crypto exchanges is a powerful momentum. In fact, the token has replaced BITDAO, becoming an ecosystem for Bybit.
The buildup of utility, the chances that Bybit will start redeeming and burning tokens, the active promotion of MNT – all of this, according to the community, is what is pushing the price up.
We also note that we previously held an AMA session with the Mantle team. In it, Alexander Maslov, who is responsible for development in Eastern Europe, talked about the project’s positioning, integration with Bybit and future plans:
