{"id":46971,"date":"2025-09-04T20:54:16","date_gmt":"2025-09-04T13:54:16","guid":{"rendered":"https:\/\/hbbgroup.net\/mantle-2-0-to-accelerate-defi-cefi-convergence-delphi-digital\/"},"modified":"2025-09-04T20:54:16","modified_gmt":"2025-09-04T13:54:16","slug":"mantle-2-0-to-accelerate-defi-cefi-convergence-delphi-digital","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/mantle-2-0-to-accelerate-defi-cefi-convergence-delphi-digital\/","title":{"rendered":"Mantle 2.0 to accelerate DeFi-CeFi convergence: Delphi Digital"},"content":{"rendered":"
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Mantle 2.0, which aims to become the institutional \u201cliquidity chain\u201d for tokenized real-world assets, is championing a new business model that may accelerate the mutually beneficial convergence between the industry\u2019s centralized and decentralized participants.<\/p>\n

Mantle Network was initially launched as an Ethereum layer-2 (L2) scaling<\/a> solution in 2021 under BitDAO, as the first L2 network launched by a decentralized autonomous organization (DAO).<\/p>\n

In July 2023, BitDAO and Mantle Network consolidated into the Mantle brand and the Mantle (MNT<\/a>) token.<\/p>\n

The project is now entering a \u201cnew phase in its lifecycle,\u201d dubbed Mantle 2.0. It is marked by Bybit executives being installed as key advisers and the revelation of a new roadmap targeting the convergence of centralized finance (CeFi) and decentralized finance (DeFi), according to crypto research firm Delphi Digital\u2019s Wednesday report<\/a>.<\/p>\n

Mantle 2.0 may champion a new business model for the cryptocurrency industry, encouraging more DAO-governed projects to merge with major centralized exchanges, combining the advantages of decentralized governance with the deep liquidity and mainstream user base of centralized trading venues.<\/p>\n

Related: <\/strong><\/em>Whales lose millions on Trump-linked WLFI\u2019s 40% dip, despite 47M burn<\/strong><\/em><\/a><\/p>\n

On Aug. 18, the Bybit exchange launched<\/a> multiple exclusive campaigns and earn products for the MNT token.\u00a0<\/p>\n

On Aug. 29, Bybit exchange and Mantle revealed<\/a> a combined roadmap, which awarded MNT holders lower slippage buys, more payment options within the Bybit ecosystem and other savings and staking products.<\/p>\n

Source: Delphi <\/em>Digital<\/em><\/a>
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\u201cMantle is no longer just an L2 but the foundation of Bybit’s ecosystem. This isn\u2019t a simple partnership but a play for RWA dominance,\u201d wrote Delphi Digital in a Wednesday X post<\/a>, adding:<\/p>\n

\u201cThis update shifts the Mantle token into a Bybit utility asset.\u201d<\/p><\/blockquote>\n

\u201cThis anchors MNT\u2019s value to Bybit’s massive daily volume ($3-5B spot, $25B+ derivatives) over simple governance,\u201d wrote the research firm, adding that we are seeing the emergence of a \u201cnew competitive landscape that merges TradFi infrastructure with DeFi rails.\u201d<\/p>\n

Related: <\/strong><\/em>Crypto in US 401(k) retirement plans may drive Bitcoin to $200K in 2025<\/strong><\/em><\/a><\/p>\n

Mantle may see increased capital access through Bybit backing, EcoFund<\/h2>\n

Bybit\u2019s support may provide Mantle more access to capital opportunities through Bybit investments, grants, or the Mantle EcoFund, a $200 million capital<\/a> pool investing in the ecosystem\u2019s native applications.<\/p>\n

Some of the fund\u2019s strategic partners include Dragonfly, Pantera, Spartan, Figment Capital, Folius Capital, Hashkey Capital and more.<\/p>\n

Source: Delphi <\/em>Digital<\/em><\/a><\/figcaption><\/figure>\n

Mantle\u2019s growing part in Bybit’s ecosystem is blurring the lines between the two entities, causing potential investor concerns over the decentralized nature of its governance structure.<\/p>\n

\u201cWhile Mantle is still formally governed by tokenholders via the original DAO model, Bybit\u2019s influence is now deeply ingrained,\u201d added Delphi Digital\u2019s research report.<\/p>\n