Mantle has partnered with LayerZero to enhance its native token’s omnichain capabilities, starting with integration across HyperEVM.
Summary
- Mantle Network has introduced MNT omnichain support via LayerZero.
- The protocol is utilizing LayerZero’s omnichain fungible token standard to enable MNT interoperability across multiple chains.
- The Mantle price increased following the integration and additional positive news from the ecosystem.
Mantle Network (MNT), designed to meld traditional and decentralized finance, has engaged LayerZero (ZRO) to extend its MNT token to an omnichain format. This integration will incorporate LayerZero’s Omnichain Fungible Token standard, facilitating seamless availability of its native token across blockchains.
Mantle asserts this development not only mitigates fragmentation and liquidity silos but also guarantees unified access with genuine interoperability and composability.
The integration utilizes Mantle’s native bridge, allowing the layer 2 scaling solution to transfer MNT from Ethereum (ETH) to other chains.
Support for Hyperliquid
Initial functionalities are focused on HyperEVM, a blockchain platform within the Hyperliquid ecosystem that supports general-purpose programmability. HyperEVM integrates an Ethereum Virtual Machine, providing Ethereum-compatible smart contracts for developers.
Mantle aims to broaden this support to additional LayerZero-supported chains.
“Our new interoperable strategy for $MNT with LayerZero not only improves user experience but also enhances and extends $MNT’s reach, utility & liquidity across ecosystems that go beyond Mantle Network,” the platform shared on X.
Recently, Mantle Network collaborated with Para to launch Mantle Passport, a distributed multi-party computation wallet designed to simplify web3 access for everyday users. The Mantle Passport offers a self-custodial, universal wallet for decentralized applications across Mantle’s ecosystem.
MNT price soars
The MNT price surged to a peak of $1.38 amid the integration, with the market also responding positively to the U.S. Department of Commerce’s announcement about putting macroeconomic data on-chain.
The agency stated it will publish economic data from the Bureau of Economic Analysis, including real gross domestic product, on multiple blockchains.
Beyond major chains like Bitcoin, Ethereum, and Solana, the department has made GDP data available on Mantle, Arbitrum, Avalanche, ZKsync, and Optimism among others.
