Mantle Launches on Solana DEX with Liquidity Incentives
The Mantle ($MNT) token has launched on Byreal, a Solana-based decentralized exchange created by Bybit. To bootstrap liquidity, the protocol is offering 96,000 $MNT in incentives for MNT-USDC liquidity providers over a three-month period. The launch represents another cross-chain asset integration into the growing Solana DeFi ecosystem.
- Mantle ($MNT) is the native token for Mantle Network, a modular Layer 2 (L2) scaling solution for Ethereum. The token is used for paying gas fees, for governance in the Mantle DAO, and for ecosystem incentives. - The Mantle project emerged from BitDAO, a decentralized autonomous organization originally backed by Bybit; a 2023 rebranding unified the ecosystem under the Mantle name and converted $BIT tokens to $MNT. - Byreal is a "hybrid" decentralized exchange incubated by Bybit, designed to combine the deep liquidity of a centralized exchange (CEX) with the on-chain transparency of a DEX. - Launched on mainnet in the third quarter of 2025, Byreal utilizes features like Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing to provide low-slippage swaps for traders on the Solana network. - Bybit's strategic support for Mantle extends beyond the DEX launch; the exchange also provides a global liquidity bridge, offers direct deposit and withdrawal support for on-chain assets, and plans to integrate DeFi yield products. - The Mantle Treasury is one of the largest among L2s, with a catalyzed capital pool of $200M in its EcoFund to back the development of new projects within its ecosystem. - This token launch is part of Mantle's broader strategy to expand the use of its native assets, which includes collaborations to bring tokenized U.S. equities and institutional-grade lending protocols like Aave to its network.
