Bybit Reports Mantle Trading Volume Surge Over 450% in Q3

According to Bybit, Mantle’s rapid growth is driven by ecosystem expansion in DeFi and payments, with trading volume and AUM seeing triple-digit increases.

MNT

Summary

Bybit’s official statement revealed that Mantle (MNT) saw a daily trading volume increase of over 450% in Q3, alongside a nearly 300% rise in assets under management. The token’s market capitalization surpassed $6 billion, and its price has doubled since August, propelled by the ongoing expansion of its decentralized finance and payment ecosystem.

Terms & Concepts
  • Assets Under Management (AUM): The total market value of assets that a financial platform or investment manager controls on behalf of clients.
  • Market Capitalization: The total market value of a cryptocurrency, calculated by multiplying its current price by its circulating supply.
  • Trading Volume: The total quantity of a cryptocurrency traded within a given time period, used to measure market activity and liquidity.