Mantle (MNT) Tokenomics, Unlock Schedule and Vesting Chart

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Mantle (MNT) Token Unlock & Vesting Schedule

As of October 17, 2026, 3.3 billion MNT have been released. No further releases are scheduled; the schedule was fully unlocked on July 7, 2023.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

Supply and treasury

Mantle’s initial distribution snapshot, dated July 7, 2023, recorded about 6.22 billion MNT. About 49% was held in the Mantle Treasury, while about 51% was classified as circulating at that snapshot. The treasury portion is allocated through governance decisions rather than a single fixed release schedule. A 2023 supply proposal also approved leaving three billion treasury-held BIT tokens out of the conversion to MNT. (docs.mantle.xyz)

MNT has two central roles. First, it is Mantle Network’s gas token: users pay fees in MNT when they send transactions or use smart contracts. Second, each token provides voting weight in governance. Holders can take part in decisions about development, ecosystem plans, and treasury spending under Mantle’s voting process. (docs.mantle.xyz)

MNT also appears in ecosystem programs, including Mantle Rewards Station and certain activities on partner platforms. These uses can change as products and governance decisions evolve. The treasury’s size makes its allocation process an important part of the token’s economic model: approved funding can support builders, infrastructure, and other work across the ecosystem. (docs.mantle.xyz)

Assumptions

Mantle documents an initial MNT supply split between tokens already circulating in July 2023 and a large governance-controlled treasury. Its named reward pool, liquidity allowance and annual operating budgets draw on that treasury rather than creating additional tokens; most payment dates and amounts remain unresolved. The dated chart can show the initial supply estimate and the documented July circulating snapshot, but it cannot turn spending ceilings or cycle-wide spending reports into monthly releases. The current total is about 27 MNT above the documented initial snapshot, and the sources checked do not explain that difference.

Initially held Mantle Treasury MNT: Releases depend on future governance or treasury decisions.
Mantle Journey Season Alpha reward pool: Releases depend on recipients claiming tokens or on grants being awarded.
Mantle Journey Season Alpha protocol rewards: Releases depend on recipients claiming tokens or on grants being awarded.
First-budget-cycle workforce awards: The sources give the amount but no release dates.
MIP-28 application liquidity-support allowance: Releases depend on future governance or treasury decisions.
MIP-31 second-cycle core MNT budget: The sources give the amount but no release dates.
MIP-31 workforce MNT limit: The sources give the amount but no release dates.
MIP-31 marketing MNT limit: The sources give the amount but no release dates.
MIP-31 ecosystem and builder-program MNT limit: The sources give the amount but no release dates.
MIP-31 infrastructure and security MNT limit: The sources give the amount but no release dates.
MIP-33 third-cycle core MNT budget: Releases depend on future governance or treasury decisions.

Sources (10)

Total Supply N/A

Unlocked Supply 3.30B

Unlock Progress —

Genesis Date Jun 20, 2023

Fully Unlocked Jul 7, 2023

Allocations 18

Marketcap Rank (#) 58

Price ($) 0.540 -1.76% (7d)

24h Volume ($) 7.6M +21.18% (7d)

Marketcap ($) 1.8B

Fully Diluted Value ($) 3.4B

Circulating Supply 53% MEDIUM

Perpetuals: 2 markets on Hyperliquid and Lighter · $5.4M open interest

Spot

Perp


MNT/USDT	7.7M	143K/904K
MNT/USDT	1.4M	200/805
MNT/USDT	337K	70K/107K
MNT/USD	306K	155K/186K
MNT/USDC	272K	30K/38K
MNT/USDE	226K	69K/69K
MNT/BTC	206K	31K/50K
MNT/USD	107K	132K/194K
MNT/USDT	74K	23K/29K
MNT/USDC	55K	10K/18K
MNT/USD1	40K	2.3K/53K
MNT/USDT	24K	10K/12K
MNT/EUR	19K	1.3K/3.5K
MNT/WETH	379	392/390
MNT/	11	28/28

Allocations

Initial MNT creation TBD

6,219,316,768 tokens · 2 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Not yet scheduled: 2,917,313,385.463 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.

Cliff: Jun 20, 2023 — 100.00% of allocation · 6,219,316,768 tokens

Sources: TokenomicsARFC: Onboard MNT, mETH, cmETH as collateral assets on Aave v3 Mantle Instance

Last Updated: 2026-09-29 02:34:00 UTC

Description

#58

Mantle is an Ethereum layer-2 scaling solution that utilizes roll-up technology to enhance performance while maintaining Ethereum's security. Mantle is designed to be modular, supporting a range of applications and services while enabling effective governance through its native token, MNT.

Sector:	CEX
Blockchain:	Other L2

2023

Optimistic