Mantle has launched its native token, MNT, on the Solana blockchain, marking a significant step in its evolution as a distribution layer for digital assets. The introduction of the Mantle Super Portal establishes a new cross-chain infrastructure in collaboration with Bybit and Byreal that enables easier movement of MNT between Ethereum and Solana. This innovative infrastructure facilitates access to Solana's DeFi liquidity and allows for exchange-based trading incentives.
This new feature empowers users to seamlessly navigate between on-chain and centralized finance (CeFi) markets. Byreal, recognized as Bybit's first decentralized exchange (DEX) on Solana, is also introducing MNT liquidity pools. Users can capitalize on this setup through a lucrative incentive program promising rewards of up to 96,000 MNT.
Furthermore, with Bybit Alpha, users gain the ability to conduct full deposits and withdrawals of MNT on Solana, immersing themselves in trading activities while participating in various incentive campaigns and competitions. This launch aims to simplify the access to on-chain liquidity and centralized incentives which align with Mantle’s vision for a multichain ecosystem that connects Ethereum and Solana while linking various financial venues.
The deployment of MNT across Mantle, Solana, and Bybit is anticipated to broaden the practical applications of MNT while emphasizing Mantle’s pivotal role as an essential layer in the expansion of on-chain finance.