Mantle’s native token MNT enjoyed a breakout quarter on Bybit after the exchange and Mantle completed their roadmap rollout. From July through October 2025, the token moved quickly from an under-the-radar contender to one of the platform’s most actively traded assets, drawing both quick-fire traders and investors looking for a longer-term hold.
Trading picked up sharply: average daily volume climbed from about $111 million in July to $619 million in October, roughly a 457% jump in three months. The month-to-month gains were dramatic too, with August posting a 134% rise and October adding another 82%, far outstripping Bybit’s broader growth of 6% and 31% in those months. MNT’s slice of Bybit’s total trading also widened, rising from 0.62% in July to 2.86% in October, a sign that it’s becoming a meaningful part of the exchange’s activity.
The shift isn’t only about trading spikes. Average daily assets under management tied to MNT nearly tripled over the quarter, showing that users aren’t just flipping the token , they’re holding it. That steady inflow of capital suggests growing confidence in Mantle’s ecosystem as it matures and finds real use cases beyond pure speculation.
Strategic Partnership
The Bybit x Mantle Roadmap, intended to enhance liquidity, accessibility and cross-platform product integration, appears to have served as the catalyst for a resurgence in engagement and trading.
“MNT’s extraordinary performance on Bybit this quarter reflects both the maturity of the Mantle ecosystem and the enthusiasm of our users,” said Emily Bao, Bybit’s Head of Spot and a Key Advisor to Mantle. “This growth is driven by genuine utility, strong fundamentals, and a vibrant community. Together with Mantle, we’re proud to create deeper liquidity, better tools, and more opportunities for users to engage with one of the most promising ecosystems in Web3.”
Momentum heading into Q4 looks robust: MNT’s market capitalization has topped $6 billion and its price has more than doubled since early August. Backed by growing infrastructure, a swelling global community, and deeper ties to major platforms like Bybit, the token is positioning itself for expanded adoption across DeFi, payments and other emerging on-chain applications.
Bybit, which was founded in 2018 and today serves more than 70 million users, said it will continue supporting high-potential digital assets through advanced trading tools, educational content and co-branded initiatives intended to foster innovation and greater inclusion within the Web3 ecosystem. For MNT, the coming months will test whether the surge witnessed this quarter can be converted into sustained utility and broader real-world integrations beyond exchange-driven momentum.
