Mantle Integrates LayerZero to Move $7 Billion in Assets Across Chains

Mantle, the modular Ethereum Layer-2 network that reports roughly $7 billion in on-chain assets, has integrated with cross-chain messaging protocol LayerZero

Mantle, the modular Ethereum Layer-2 network that reports roughly $7 billion in on-chain assets, has integrated with cross-chain messaging protocol LayerZero. The tie-up adopts LayerZero’s Omnichain Fungible Token (OFT) standard, allowing users to move Mantle’s native MNT token to HyperEVM, the Ethereum-compatible chain operated by derivatives venue Hyperliquid, with a single click.

Mantle said the upgrade is part of a broader push to build a vertically integrated ecosystem for financial services. The project, backed by pillars such as UR, MI4, mETH, FBTC and MantleX, aims to position its network as infrastructure for banking-grade applications.

Crypto exchange Bybit separately rolled out two Mantle-related offerings: fixed-term MNT savings products that pay up to 5% annual percentage rate for periods of 14 to 120 days, and an expanded ‘Megadrop’ rewards program featuring what the exchange called its largest MNT prize pool to date.

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Source: https://thedefiant.io/news/blockchains/mantle-integrates-layerzero-to-move-7-billion-assets-across-chains-94e997da