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- MNT surges 16% to all-time high of $1.65 after Bybit listing.
- Daily trading volumes climb 38%, futures interest up 117%.
- On-chain data shows rising social dominance and active addresses.
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Mantle (MNT) has surged by an impressive 16% in the last 24 hours, reaching a fresh all-time high of $1.65 on September 11. The surge comes after the crypto platform announced a strategic partnership with exchange giant Bybit, which has boosted trading activity and market visibility. With monthly gains now hitting 60%, MNT has climbed into the top 30 cryptocurrencies by market capitalization, signaling growing investor interest.
Bybit Partnership Sparks Trading Frenzy
The “MNT x Bybit 2.0” initiative introduced new spot trading pairs with Solana (SOL), Ethereum (ETH), Cardano (ADA), and Sui (SUI), alongside yield programs and institutional-grade features. Bybit also launched a “HODL & Earn” campaign, offering participants a share of a 60,000 XUSD prize pool for holding MNT and XUSD until September 16. Daily trading volumes surged 38% to over $700 million, while MNT open interest increased 31% to $203 million. Futures trading activity skyrocketed 117% to $268 million, suggesting more traders are entering leveraged positions.
On-Chain Metrics Highlight Fundamental Strength
Blockchain analytics from Santiment show that MNT’s social dominance hit a 30-day high of 0.345%, reflecting rising market relevance. Daily active addresses on the Mantle network have grown over 300% since September 7, demonstrating strong user engagement. Mantle’s DeFi treasury now totals $5.162 billion, with $4.90 billion in native tokens and $26.43 million in stablecoin reserves, further underscoring its robust ecosystem.
Broader Market Context: BTC Hyper Presale Raises $15 Million
In the wider crypto landscape, BTC Hyper (HYPER) has already raised over $15 million in its presale. The project offers a Layer 2 solution to Bitcoin, addressing slow transactions, high fees, and lack of native smart contracts. Early supporters can stake HYPER tokens and earn up to 75% APY, making it one of the most promising presales in the market.
Also Read: Mantle (MNT) Jumps 14% as $1.50 Breakout Nears
Mantle’s strong rally, underpinned by the Bybit partnership and robust on-chain metrics, highlights a growing investor appetite for DeFi and cross-chain crypto solutions. As MNT continues to attract user participation and institutional interest, the token may see further momentum in the coming weeks.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
