Mantle (MNT) rallied 25% in 24 hours to reach $0.87, its highest price in five months, with market capitalization exceeding $3 billion. Daily trading volume skyrocketed 274% to $546 million as network activity surged. Daily active addresses grew 1,600% month-over-month to 137,000, while stablecoin holdings climbed 23% weekly to $653 million.
The surge follows the beta launch of UR Global, a Swiss-backed neobank partnering with Mantle to bridge traditional finance and blockchain. UR offers multi-currency accounts and Mastercard debit cards using Mantle's infrastructure, with public rollout expected in Q3 2025. Beta testing concludes August 8, driving speculation about mainstream adoption.
Fundamental metrics show robust growth: Mantle attracted $26.96 million in net inflows last week—outpacing Ethereum and Polygon—with 30-day bridged volume hitting $77.37 million. Exchange withdrawals ($12.01 million total from Bybit and Upbit) reduced circulating supply, while Total Value Locked (TVL) held at $1.40 billion.
Technical analysis indicates key support between $0.50-$0.55 and accumulation at $0.60-$0.70. Breaking $0.82 resistance opens bullish targets at $1.42, $3, and $5. Liquidity clusters suggest strong support at $0.75-$0.85, with resistance near $0.95.