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23 Jul 2024

Mantle: Mercenary Capital and Market Opportunity

Mantle has seen a big inflow of capital, largely driven by incentive programs. ETH ETFs could keep building hype for Ethereum ecosystem plays, and we explore some within the Mantle network.
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TLDR
  • Spot ETH ETFs are live, and Ethereum has a chance to steal the spotlight in the coming months if it can match the bullish flows seen from the spot BTC ETFs.
  • Mantle has seen a big rise in activity and TVL in recent weeks, largely driven by incentive programs on the network.
  • The opportunities on Mantle are plentiful as capital continues to roll in, but we consider two options in the form of a prime farming opportunity and a standard token play.
  • There are good opportunities in the Ethereum ecosystem, but other areas of the crypto market continue to see growth, particularly in memecoins. Do not isolate yourself to a single L1 or protocol.
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