As of the end of September 2025, the Mantle token (MNT) is showing rapid growth – the asset’s value has increased by 47% since the end of August. This positive trend is accompanied by a significant rise in trading volumes, market capitalization, and activity within the project’s ecosystem.
This is reported by Business • Media
MNT Price Dynamics and Updated Historical High
According to TradingView data, the sharp increase in MNT’s value began at the start of September. On September 23, the price reached $1.9, marking a new historical high for the token. 
Alongside this, the token’s market capitalization grew to $5.8 billion, with daily trading volume exceeding $642 million (CoinGecko). The Mantle ecosystem also recorded a substantial increase in the number of active users – since the beginning of September, the number of unique addresses has sharply risen. 
Key Growth Drivers: Integration with Bybit and Ecosystem Development
One of the main factors behind the upward trend has been the close integration of Mantle with the cryptocurrency exchange Bybit. As part of the partnership, enhanced leverage options have been provided: up to 8x on the spot market, and up to 5x (USDT) and 10x (USDT, USDC) on futures contracts, with lending also available up to 8x. For larger amounts of MNT collateral, longer lending terms are offered: 500,000 MNT – 2 months, 1 million – 3 months, 1.5 million and above – 4 months.
The Bybit ecosystem has also launched the Bybit MNT Holder Program, which enhances the token’s utility and simplifies the process for MNT holders to achieve VIP status, providing them with discounts on fees and other privileges. Additionally, MNT has been integrated into the Discount Buy product, allowing users to purchase the asset at a discount for a fixed price or receive a collateral return with additional income. Notably, a knockout limit does not apply to MNT, ensuring that traders always receive the token at the specified price.
The increase in Mantle’s social dominance has also been a notable factor. Throughout September, at least three spikes in interest in the project were recorded on social media, supporting the overall positive sentiment surrounding MNT. 
“The increase in utility, the chances that Bybit will start buying back and burning tokens, and the active promotion of MNT — all of this, according to the community, is driving the price up.”
A significant role in the current growth of MNT has also been played by the fact that the token has effectively replaced BITDAO as the ecosystem token for Bybit. Active promotion, expansion of functionality, and the attraction of new users are creating conditions for further strengthening Mantle’s position in the market.
Earlier, during an AMA session with the project team, Mantle’s representative in Eastern Europe, Alexander Maslov, shared insights on the project’s positioning, integration with Bybit, and future plans, which also contributes to increasing investor confidence in the token.