Market News

BitDAO Renames Itself Mantle and Launches Token Swap

BitDAO Rebrands to Mantle

BitDAO, a decentralized autonomous organization (DAO) with the second-largest treasury in all of crypto, has rebranded to Mantle and launched its Layer 2 network.

The rebrand was approved by BitDAO’s community in a governance vote on May 19. The vote also approved plans to enable one-way conversions of the project’s BIT tokens to MNT, the new network’s native token.

The rebranding is a major move for BitDAO, which has operated largely out of the limelight since its launch in 2021. The new name, Mantle, is intended to reflect the project’s focus on building a Layer 2 network that can scale Ethereum.

Mantle is a modular Layer 2 network that uses a decentralized sequencer to process transactions. The network is designed to be scalable, secure, and user-friendly.

BitDAO’s treasury will be used to fund the development and growth of Mantle. The treasury currently holds over $4 billion in assets, making it one of the largest in the crypto industry.

The launch of Mantle is a significant development for the Ethereum ecosystem. The network has the potential to address some of the scalability challenges that have been plaguing Ethereum.

BitDAO is one of the most ambitious projects in the crypto industry. The rebrand to Mantle and the launch of the Layer 2 network are major steps toward the project’s goal of building a decentralized financial system.


I am a dedicated crypto and blockchain content writer who is vision-oriented, diligent, smart, and self-motivated. I have over a decade of self-writing experience and five years of experience as a professional writer. I hope to inspire other women into this ever-evolving field.