2 months ago
World Liberty Financial (WLFI), a DeFi task backed by President Donald Trump's family, has acquired important amounts of Mantle's MNT token pursuing past week's large technological upgrade of the network.
WLFI purchased astir 3.54 cardinal MNT for astir $3 cardinal USDC for an mean acquisition terms of 84 cents, according to information sources Lookonchain and Arkham Intelligence.
The caller acquisition has accrued WLFI's coin holdings, which see tokens similar ETH, WBTC, TRX, LINK, AAVE, ENA, and others, to implicit $340 million. However, the Trump family-backed outlet inactive faced a insubstantial nonaccomplishment of $111 cardinal arsenic of writing.
MNT is the autochthonal cryptocurrency of the Mantle Network, serving arsenic a inferior token for state fees and a governance token for the furniture 2 ecosystem focused connected scaling Ethereum.
The Mantle Mainnet hard fork, oregon backwards-incompatible upgrade, took effect connected March 19, activating EigenDA connected the network. EigenDA is simply a secure, high-throughput, decentralized information availability work connected Ethereum.
The EigenDA integration is said to boost Mantle Network's scalability without hitting information complaint limits, reportedly resulting successful a 15 MB/s throughput. In different words, the web tin process much transactions per block. Additionally, the upgrade has made the Mantle Network amended compatible with Ethereum's impending Pectra upgrade.
MNT traded astatine 6% higher connected the time astatine 83 cents astatine property time, according to information sources CoinDesk and TradingView.
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