The only token to break of L2 token curse is $MNT

CN
22 days ago

The only token to break of L2 token curse is $MNT.

It trades at 2x the FDV of Arbitrum despite Arbitrum having higher TVL, more users and more maturity. L2Beat doesn't even list Mantle under rollups because of a lacking DA bridge.

$260m TVL for Mantle vs $3.5B for Arbitrum shows that TVL or technical maturity for L2 tokens means little now.

Market treats MNT like BNB, not a normal L2 thanks to Bybit integration, $4B treasury, CEX token features, a neobank, etc.

Most importantly, Mantle runs buybacks & burns from treasury profits.

That gives a scarcity story that other L2 tokens don’t have.

So MNT breaking out of the cursed L2 governance token story is bullish for Base.

Since Coinbase > Bybit, BASE can easily launch at 2x Mantle FDV on day one.

The move is simple: Install Farcaster and Base app to post consistently.

And follow me at ignas.farcaster.eth on Base app or @ Ignas on Farcaster.

"Create and you will be rewarded." - @jessepollak


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