Mantle (MNT) recently witnessed a massive price rally following its inclusion on Coinbase’s listing roadmap. The token serves as the native asset for Optimism, which operates as a modular Layer-2 Ethereum Virtual Machine (EVM) blockchain. After news of the announcement broke, the related token soared 9.5% overnight. This announcement adds to Mantle’s prominence and potential liquidity. Coinbase, the world’s second-largest cryptocurrency exchange after Binance, is the one daring to go first. Including Mantle in Coinbase’s roadmap is a positive sign for the future of the token. This step would help attract more frequent non-car users and encourage more robust private investment.

Mantle's Market Performance and Technology

MNT had a market cap of $2.5 billion. This remarkable figure ranks it 28th on the cryptocurrency leader board, above notable projects such as dYdX and ThorChain. As of writing, the token is boasting impressive daily trading volume. So far, it has gained more than $387 million in daily volume, mostly on exchanges such as ByBit and MEXC. During the last two weeks Mantle has gained 15%, showing its strong bullish momentum on the market.

Mantle is powered by ‘Optimistic Rollup’ technology, which largely increases the efficiency of batching transactions off-chain before fully settling them on the Ethereum network. This approach improves overall scalability and lowers transaction costs. Mantle Liquidity Staking Protocol (LSP) is a new way for users to stake their ETH. In exchange, they get back mETH, a yield-earning asset that increases participation in the Mantle ecosystem. Mantle currently has a Total-Value Locked (TVL) of $236 million.

Coinbase Listing Impact

The upcoming listing on Coinbase could have a major effect on Mantle (MNT). From Coinbase, widely known for its approach to token listings, one can expect new liquidity and strong credibility to enter the newly-listed token’s market. The exchange features a large user base and a well-established record of regulatory compliance. This combination makes it an ideal platform for ambitious projects looking to achieve greater adoption.

Mantle’s meteoric run is a prime example of the Coinbase effect. Significantly, after the initial listing announcement, the token has subsequently witnessed an impressive over 30% price increase. The heated exchange has affected far beyond daily trading volume. It serves as a port, or stamp of validation, for all projects, assuring to the global investor base that any given asset has achieved rigorous levels of security and compliance.

User Base and Future Outlook

Mantle’s user base is predominantly American. This group is particularly unique for its high net worth relative to users of other crypto exchanges. This indicates a high level of engagement and an affluent pool of potential investors. The potential Coinbase listing would help further diversify and expand this passionate user base and likely bring both retail and institutional investors in droves.

Innovative technology and market performance propel Mantle (MNT) to new heights. Considering its upcoming potential Coinbase listing, Arbitrum definitely stands out among the field of competitive Layer-2 solutions. The new project puts emphasis on scalable approaches and yield-generating opportunities. With validation from a major exchange such as Coinbase, it has the potential to fuel even more growth and adoption.