$0.36
24h
-8.04%
8 Jul, 19:44
Mantle RWA Leadership and Ecosystem Growth
Bullish-11.72%
AI Summary
The author expresses a bullish view on Mantle ($MNT), highlighting its successful RWA efforts, tokenized equities leadership, strong DeFi TVL, impressive treasury, and ecosystem growth.
Definitely think the @Mantle_Official RWA arc has been one of the more successful efforts we've witnessed in bryptoland this year...
Is interesting though because they actually started making serious RWA efforts back several years ago before the category had really even germinate into something formal...
They talked about it in a thread earlier today, but Ondo and $USDY (tokenized US Treasury yield) arrived on Mantle way back in 2023...
And then they also added the MI4 fund a year or two later...
And then really began ramping up their RWA efforts over the last 12 months obviously...
This coincided with the surge in tokenized equities, and Mantle has basically lead the way in this regard via @xStocksFi and @Fluxion_network....
And now with pre-IPO vaults via @OpenstockInc...
As well as a host of other stuff...
With that said lots of bullish stuff happening in other areas too... (see good tweet from my buddy @Flowslikeosmo below!)
Their defi TVL and total stablecoin market cap are sky-high and they have one of if not the most impressive treasury in all of crypto right now...
And then also new Mantle project @InsightXHQ has seen big success these last couple weeks re the World Cup's on-chain manifestations, as far as places to bet on the outcomes (go Norway 💪🇳🇴) :)
But yeah... lots of other bullish stuff too but is too much to cover in one tweet...
Will link to a couple other things below that are interesting!
Note: These are my honest, organic thoughts but we do work with Mantle via @thedailydegenhq and I own quite a bit of $MNT and etc, so I'm definitely bias!
But yeah, will be interesting to see how all of the above plays out once the macro picture starts looking wholesome again and crypto is back on an upward trajectory :)