Research Summary
The report delves into the recent introduction of Mantle Network on Mainnet. As of August 8, 2023, the Mantle Network boasts 4919 unique addresses transferred from Ethereum, recording daily transactions between 50-200. The network’s total value bridged (TVL) is pegged at $56M. Additionally, the content emphasizes the triumphant exchange of BIT tokens to MNT tokens at an equal 1:1 rate, set to be utilized for gas payments on the Mantle L2 platform.
Actionable Insights
- Monitor Mantle Network’s Growth: The network is in its early stages, and tracking its growth in terms of unique addresses and daily transactions could provide insights into its adoption and potential.
- Understand the Token Conversion: The conversion of BIT tokens to MNT tokens has been successfully executed. This change is significant for those involved in the Mantle Network, especially regarding gas payments.
- Evaluate Investment Opportunities: With a TVL of $56M and the network still in its infancy, there may be investment opportunities to explore, considering the network’s potential for growth.
