Mantle Hits New All-Time High on RWA Excitement and New Partnerships

Mantle’s price hit a record high of $2.48 on October 7, reflecting growing investor interest and solid market momentum. Trading activity has kept pace with this rise, as daily volumes climbed from $125 million in early September to more than $531 million. At the same time, market capitalization nearly doubled to $7.82 billion, indicating increased attention from both retail and institutional investors in Mantle’s expanding ecosystem.

What’s Behind Mantle’s Price Surge?

Mantle’s move into the RWA sector has played a major role in its recent growth. At Token2049, the project unveiled a compliance-focused service aimed at connecting digital finance with tangible assets. This strategy distinguishes Mantle from other Layer 2 networks that continue to focus mainly on DeFi and NFTs.

Interest in RWA projects has grown this year, as initiatives that combine traditional financial assets tend to attract long-term investment. Mantle’s approach shows how Layer 2 networks can support practical financial uses beyond the crypto-native sphere.

Early adoption of these services can build trust with institutional investors. By being a compliant, asset-backed platform, Mantle could attract partnerships with banks and corporate treasuries, a growing trend in the industry.

The market’s response has been positive. Open interest in Mantle’s futures grew by 26% last week, showing traders are confident and reinforcing the token’s recent price gains.

The Impact of Strategic Partnerships

Strategic alliances have contributed to Mantle’s recent momentum. A key announcement at the Mantle Mixer revealed that World Liberty Financial, supported by the Trump family, will launch its main stablecoin, USD1, on Mantle. As the sixth-largest stablecoin globally, USD1 enhances Mantle’s credibility in DeFi and stablecoin markets.

Mantle is also working more closely with centralized exchanges. Bybit, for example, shared plans for deeper integration with Mantle. This has increased MNT’s visibility and attracted more traders and liquidity.

These developments create a positive cycle: more adoption increases liquidity, which draws more partners and institutions. This cycle has often helped crypto projects grow.

However, not all signs are fully positive. Nansen data shows smart money holders have reduced their MNT positions by about 49 percent in the last month. Retail interest remains high, but some professional investors may be taking profits.

Technical Outlook for MNT

From a technical perspective, Mantle has broken out of a rising wedge pattern, challenging the common expectation of a bearish reversal. The price sits above all major moving averages, and a golden cross has recently formed, which is a signal of upward momentum.

Momentum indicators support this trend. The MACD shows a positive crossover, and histogram bars point to stronger buying. Support is at $2.00, which needs to hold for momentum to continue. On the upside, $2.60 is the next resistance and could lead to $3 if volume increases.

It should be noted that technical factors often align with broader narratives. Mantle’s entry into the RWA sector, together with notable partnerships and positive market sentiment, suggests that these fundamentals may help maintain momentum even amid short-term pullbacks.

What to Expect from MNT?

The recent momentum in Mantle illustrates how integrating real-world assets and forming strategic partnerships can influence adoption and market confidence. Temporary volatility from profit-taking is expected, but the overall view is positive. Mantle’s core strengths and ecosystem expansion indicate the token may continue to rise and attract further interest from a broad range of investors.