Mantle, a layer 2 scalability solution built on Ethereum, has seen its native token, $MNT, reach a new all-time high, with its market value surpassing $4 billion. This surge in value is attributed to several factors, including Mantle's development of its own liquid staking protocol, mETH, which has become the fourth largest Liquid Staking Token with approximately $2 billion in Total Value Locked (TVL). The platform has been praised for offering attractive yield opportunities and for the success of its native applications, such as InitCapital. Additionally, Mantle has been recognized for its appeal to Asian markets and for maintaining a robust treasury that supports its token and chain's growth. The recent listing of $MNT on the Korean exchange Upbit acted as a catalyst, leading to a 50% increase in the token's value in just a few hours. Mantle's market cap achievement has positioned it as the leading Layer-2 solution by market cap, even as it continues to innovate with features like the 'Rewards Station,' which allows $MNT holders to earn Ethena Shards by locking their tokens. Meanwhile, Base has achieved a $816 million Stablecoin Market Cap, becoming the second-biggest among Layer 2s. Mantle's token also experienced a +38% pump while other cryptocurrencies cooled off.