Uniswap falls to second position in DeFi Treasuries, with Mantle (MNT) leading at over $4 billion.

Mantle Network, a leading player in the Ethereum Layer-2 scaling landscape, has been making waves in the cryptocurrency market. The network's native token, MNT, has nearly doubled in value over the past year, and recently saw a 50% price surge in August, following Bybit EU's first-ever launchpool featuring MNT.

Mantle's treasury is a testament to its dominance in treasury strength, particularly among projects with heavy allocations to native tokens. The total assets in Mantle's treasury amount to a substantial $4.025 billion, with the majority being held in MNT tokens. In fact, Mantle's treasury includes around $3.792 billion worth of MNT tokens.

Stablecoins make up $17.93 million of Mantle's treasury, while $56.41 million is allocated to major cryptocurrencies such as Bitcoin and Ethereum. Additionally, an additional $159.27 million is allocated to other assets in Mantle's treasury.

Mantle's treasury also includes the Ethereum Name Service (ENS), which manages a treasury of $1.771 billion. The majority of this is ENS's own token holdings, with only $150 invested in BTC and ETH.

In April, Mantle announced the launch of MI4, a tokenized index fund seeded with up to $400 million from its treasury. More recently, Mantle completed the Skadi Hard Fork upgrade, aligning itself with Ethereum's Prague upgrade earlier this week.

However, it's important to note that market conditions can change rapidly, and it is encouraged to verify information on your own and consult with a professional before making any decisions based on this content. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice.

At the time of writing, MNT is trading at around $1.17, with a market cap of $3.83 billion. The price of MNT has increased by 30% in the past 2 days, indicating strong community and institutional support for the project.

For investors, this implies confidence in Mantle’s long-term value and growth potential, backed by significant liquidity and governance from BitDAO. With a treasury now the largest in the DeFi sector, Mantle has the financial flexibility to fund ecosystem growth, support new projects, and drive innovation in the DeFi sector.

This article covers Uniswap (UNI) News, DeFi News, Cryptocurrency News, and News.

Uniswap falls to second position in DeFi Treasuries, with Mantle (MNT) leading at over $4 billion.