Mantle is working with Layerzero to take the native token Omnichan, starting with integration across HypereVM.
summary
- Mantle Network has launched MNT Omnichain support on Layerzero.
- This protocol leverages Layerzero’s Omnichain Fungible Token Standard to enable MNT interoperation between chains.
- Mantle prices have risen amid news of consolidation and other positive ecosystems.
Mantle Network (MNT), an on-chain finance ecosystem designed to bridge traditional and decentralized finance, utilizes Layerzero (ZRO) to take MNT token Omnichan. The integration leverages Layerzero’s Omnichain Fungible Token Standard to enable seamless use of native tokens across the blockchain.
According to the Mantle, this not only removes fragmentation and fluid silos, but also ensures unified access with true interoperability and complexity.
The mantle taps native bridges for integration and allows you to use MNTs to teleport the Layer 2 scaling solution from Ethereum (ETH) to other chains.
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High lipid support
The initial support is targeted at HypereVM, the general-purpose ecosystem blockchain platform. HypereVM integrates Ethereum Virtual Machine to bring Ethereum compatible smart contracts to developers.
Mantle plans to extend this support beyond high lipids to other Layerzero-supported chains.
“$MNT’s new interoperable strategy setup with layerzero means more than seamless UX. It enhances and expands the reach, utilities, and liquidity of $MNT as a value asset across the ecosystem, far beyond the mantle network,” posted on X.
Mantle Network recently partnered with Para to introduce Mantle Passport, a distributed multi-party computing wallet designed to eliminate the complexity of Web3 access for regular users. Mantle Passports provide a self-supported, universal wallet for decentralized applications across the mantle ecosystem.
Surge in MNT prices
MNT prices skyrocketed amid the consolidation, rising to a high of $1.38. MNT prices rose as the market responded to news that the US Department of Commerce would place macroeconomic data on-chain.
The agency said it will publish multiple blockchains from the Bureau of Economic Analysis, which includes actual gross domestic product.
In addition to top chains Bitcoin, Ethereum and Solana, the department distributes GDP data on Mantle, Arbitrum, Avalanche, Zksync and optimism.
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