The Mantle Network's MNT token (CRYPTO: $MNT) experienced a substantial increase in trading activity on the Bybit exchange, with its daily trading volume rising by over 450% between July and October 2025.
Key Highlights of the Surge:
- Trading Volume Spike: Daily volume jumped from approximately $111 million in July to about $619 million in October.
- Growing Significance: MNT's share of Bybit's total trading volume grew from 0.62% to 2.86%, indicating the token is becoming a core part of the exchange's activity.
- The Cause: The surge is attributed to the joint roadmap and deeper integration efforts between Bybit and Mantle. This includes new trading pairs and product features that establish MNT as a "core utility token" for the Bybit ecosystem, offering incentives like fee discounts and access to VIP tiers.
- Market Impact: The strong momentum helped MNT's price achieve a new all-time high above $2.40 in early October, suggesting growing interest from both retail and institutional traders.
While the volume growth is robust, market analysts note that the token's next crucial step is converting this strong spot-trading momentum into sustained value for the broader Mantle ecosystem.
October 2025, Cryptoniteuae