In this article, we will delve into the Mantle Ecosystem, highlighting 7 intriguing and essential Dapps available on it!
(Know more about Mantle: What is Mantle Network? Get to know about the Emerging Modular Blockchain in 5 minutes!)
What is Mantle Network?
Mantle Network is the first modular Layer 2 (L2) solution built on Ethereum, leveraging Optimistic Rollups to bundle and process transactions off-chain, significantly boosting throughput and reducing costs. Mantle is EVM compatible, which allows rapid deployment of Ethereum Dapps and lowers development costs.
Mantle was developed by BitDAO and merged with the BitDAO ecosystem in May 2023. Mantle’s strengths include seamless migration of Ethereum apps, affordable transactions, unique modular design, strong financial backing, and potential access to Bybit’s user base. However, it faces intense competition from other L2 solutions like Base and Optimism, concerns of centralization due to its association with Bybit, and needs a token airdrop incentive for new users. Despite its late entry, Mantle’s innovative architecture and strong backing position it for potential rapid growth as a mainstream Ethereum scaling solution.
Mantle Ecosystem – Top 7 Dapps
Since its debut in July 2023, the Mantle ecosystem has expanded rapidly. We’ve curated a selection of notable projects for you to explore. Let’s dive into the key developments and exciting applications on Mantle!
Dex – Merchant Moe
Merchant Moe is a comprehensive and user-friendly Decentralized Exchange (DEX) for the Mantle Network. It offers seamless trading, discretized liquidity, and real yield on its intuitive and easy-to-navigate platform.
As a purpose-built native DEX for the Mantle Network, Merchant Moe provides unique features and offerings tailored to serve the Mantle Ecosystem. Backed by an investment from the Mantle EcoFund, Merchant Moe’s role as the central trading and liquidity hub in the Mantle Ecosystem is reinforced by a deep liquidity and growth partnership with the Mantle Foundation.
Lending – INIT Capital
INIT Capital is designed as the liquidity hook money market that streamlines the process for end users and dApps. INIT aims to serve as the liquidity layer, facilitating DeFi activities such as lending, borrowing, and yield strategies for users while fostering use cases for dApps to build upon.
With INIT as the foundational liquidity layer, users can seamlessly access and manage yield strategies from dApps through INIT. Essentially, INIT is where dApps and users converge, offering unified liquidity without seeking alternatives.
RWA – Ondo Finance
Ondo Finance is an RWA protocol that builds financial infrastructure to improve market efficiency, transparency, and accessibility. Offering stablecoins gives users liquid exposure to an ETF comprising short-term U.S. Treasuries. Ondo Finance has introduced products like USDY, a stablecoin alternative that brings together the benefits of stability and yield, and OUSG, providing on-chain exposure to US Treasuries.
Restaking – Karak
Karak is the go-to universal restaking layer, making it a breeze to secure crypto-economic assets and inspire innovative infrastructure designs. With Karak, protocols can immediately tap into robust trust networks, eliminating the need for high-dilution reward mechanisms. This makes security scalable, accessible, and affordable for everyone!
Karak lets users repurpose their staked assets, extending the security of Ethereum and other networks to various applications. Stakers can allocate their assets to a Distributed Secure Service (DSS) on Karak, adding extra slashing conditions to ensure top-notch security for data protocols, bridges, or oracles.
Derivatives – KTX.Finance
KTX.Finance brings excitement to trading by offering up to 100x leverage on major pairs like BTC, ETH, BNB, and MNT! Launched in June 2023, KTX.Finance aimed to democratize perpetual trading for everyone. This decentralized protocol, available on Mantle, ensures top-notch quality, speed, and security. Unlike traditional markets and centralized exchanges, KTX.Finance reduces counterparty risk, regulatory demands, and single points of failure, offering a more transparent and secure trading environment.
Farm – Puff Penthouse
Puff’s Penthouse enables users to stake $Puff to accumulate Potion Strength 24 hours after staking. This unique feature amplifies your $Puff rewards whenever Red Potions drop, making your staking journey both exciting and rewarding.
Puff, the majestic black and golden dragon, invites you on a thrilling 6-chapter Journey through the mysterious Dark Forest. And $Puff is a novel Memecoin that redefines the category.
Puff’s universe revolves around Mantle Staked Ether- “mETH”. mETH is a blockbuster Eth Staking Protocol, with $1.8 billion in TVL.
Tool – Mantle Name Service
Mantle Name Service is the first omnichain naming service on Mantle, allowing users to secure unique domains across all blockchains by registering a name.
How to bridge to Mantle?
Once familiar with Mantle and its vibrant ecosystem, you’re ready to bridge your assets and embark on your adventure!
Bridging to Mantle is a breeze, especially when utilizing XY Finance, which is known for its exceptional multi-chain routing capabilities. This allows for seamless and extensive swapping options with just a single click.
In contrast to Mantle’s native bridge, which limits cross-chain transactions to ETH and Mantle, XY Finance offers a more user-friendly and efficient alternative.
(Fully understand XY Finance: What is XY Finance? The cheapest cross-chain bridge aggregator that operates on 20 EVM chains)
Don’t waste your time! You can now bridge tokens to Mantle with this simple guide:
- Visit XY Finance and connect your Wallet.
- Select the network from which you want to transfer tokens (Ethereum, Polygon, Arbitrum, Avalanche, Optimism + 15 others).
- Select the token you want to bridge from your network to Mantle and input the amount.
- Review and confirm the transaction. Your tokens will arrive in under 5 minutes.
(Encountering any problems while bridging? Check out our comprehensive tutorial.)
If your transaction cannot be completed, please open a ticket in the XY Finance Discord. The team will happily help you resolve the issue as soon as possible.
Unlock new possibilities with Mantle ecosystem—get started now!
