Mantle prices soar by 17%, close to all-time highs

Mantle (MNT) soared 17% to $1.50, close to its all-time high in April 2024, with trading volume soaring 50%. The momentum of this rise stems from the integration of HyperEVM (hyperEthereum virtual machine) through LayerZero, which achieves cross-chain practicality, and Bybit launched 21 new MNT trading pairs and launched a reward program. MNT's market cap hit a new high of $4.8 billion, with a total lock-in value (TVL) of more than $1.8 billion, reflecting strong applications of DeFi. Analysts point out that MNT has the potential to hit a new high, close to $2.00, but macroeconomic risks remain.