Mantle Network has announced a successful integration with LayerZero for the launch of omnichain support for its MNT token, facilitating its operation across multiple blockchains.
Launch of MNT Omnichain Token
Mantle Network, an on-chain finance ecosystem, has announced an integration with LayerZero to make its MNT token omnichain. This allows the token to function seamlessly across different blockchains. According to Mantle, such integration removes fragmentation and liquidity silos while providing unified access and true interoperability.
Support for Hyperliquid
Initial support will be provided for HyperEVM, a platform in the Hyperliquid ecosystem that allows for general purpose programmability. HyperEVM integrates the Ethereum Virtual Machine, enabling developers to utilize Ethereum-compatible smart contracts. Mantle plans to expand this support to other LayerZero-supported blockchains.
MNT Price Surge
The price of MNT surged amid the integration, reaching a peak of $1.38. Additionally, the price increase was driven by market reactions to news that the U.S. Department of Commerce plans to publish macroeconomic data on multiple blockchains, including Mantle and others.
The integration of Mantle with LayerZero significantly enhances the accessibility and liquidity of the MNT token, which may positively impact its future development within the blockchain ecosystem.
