Mantle 2.0 Bybit Partnership Boosts DeFi-CeFi Convergence
Mantle 2.0, the next phase of the Ethereum layer-2 (L2) scaling network by BitDAO, is driving a new DeFi-CeFi convergence through a strategic partnership with Bybit. The roadmap integrates the MNT token as a core utility asset, installs Bybit executives on its advisory team, and launches campaigns offering MNT holders lower slippage, enhanced payment options, and staking products. Delphi Digital highlights this model anchors MNT’s value to Bybit’s substantial daily volumes, blending decentralized DAO governance with centralized liquidity. Supported by a $200 million EcoFund and backers like Dragonfly and Pantera, Mantle 2.0 positions itself as an institutional “liquidity chain” for tokenized real-world assets. While expanding capital access, Bybit’s deep influence raises governance debates. This move could redefine DeFi-CeFi collaboration and spark similar DAO-exchange mergers.
Bullish
The Bybit partnership transforms MNT into a core utility token supported by deep liquidity, likely boosting trading volume and network adoption. Similar integrations—such as Polygon’s listings on major exchanges—have driven positive price momentum. Backing by a $200 million EcoFund and institutional investors underscores growing capital inflows. While governance concerns may linger, the move broadens DeFi-CeFi collaboration, enhancing market confidence and setting a bullish tone for both MNT and the broader layer-2 sector in the short and long term.