Mantle Crypto Currency: A Mixed Bag of User Activity and Market Movements
In recent developments, Mantle (MNT), a prominent cryptocurrency, has experienced a notable decline in user activity, yet it continues to attract interest from derivatives traders. On August 26, 2025, Mantle’s price dropped by 8.45%, falling to $1.14. This decline was accompanied by a significant reduction in on-chain activity, as reported by AMBCrypto. Daily Active Addresses plummeted to 10,700, and daily transactions decreased to 199,300, with the average transactions per user dropping to 18.6. Additionally, returning users fell to 9,900, indicating a potential further decline in user engagement.
Despite the bearish on-chain metrics, derivatives traders have shown resilience. In the past 24 hours, long positions have gained dominance, with 68.9% of trading volume consisting of longs. This suggests that derivatives traders are betting on a potential rebound, as evidenced by a positive Funding Rate and heatmaps indicating both downside risk and rebound potential.
On August 27, Mantle’s price outlook appeared more optimistic. Exchange listings on Coinbase and Bybit temporarily boosted MNT’s price, allowing it to bounce from a key support level at $1.23. Neutral technical signals were observed, but strong Total Value Locked (TVL) and stablecoin growth have been cited as supportive factors for Mantle’s long-term outlook.
In related news, Valour Inc., a subsidiary of Nasdaq-listed DeFi Technologies, announced the launch of a Mantle token exchange-traded product (ETP) on Sweden’s Spotlight Stock Market. This marks a significant milestone for Mantle, providing regulated, exchange-traded access to the token. The ETP, denominated in Swedish Krona (SEK), carries an identification number (ISIN) of CH1108681540 and a management fee of 1.9%. This launch is part of Valour’s broader initiative, which includes ETPs for seven other digital assets, such as Celstia, Ondo Finance, Cronos, Shiba Inu, VeChain, and Ethena. Valour is a major issuer of digital assets ETPs in Europe, with over 85 ETPs listed across several European exchanges.
Overall, while Mantle faces challenges with declining user activity, the interest from derivatives traders and new exchange-traded products suggest potential avenues for recovery and growth.