Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes Live

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Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes Live
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Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Mantle, the layer 2 scalability solution built atop Ethereum, witnessed its native token surge to a fresh all-time high on Wednesday, pushing its market value to over $4 billion, outperforming the rest of the market.jumped to a high of $1.45 from a 24-hour low of $0.90. Mantle announced on X that its ‘Mantle Rewards Station’ is now live. This means that users can connect their wallets and lock their MNT into a vault accumulating rewards..

According to Strahinja Savic, head of data and analytics at FRNT Financial, investors might view exposure to layer 2 solutions like Mantle as the potential for higher upside due to their newness. “Given how crucial layer-2s are to Ethereum, it's not surprising to see layer-2s have these explosive rallies,” said Savic. “Given the relative newness of layer-2s compared to the layer-1 Etheruem network, investors may see greater upside in these tokens compared to ETH.”in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

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