Mantle (MNT) has experienced a notable surge of 40% in the past day, reaching an all-time high value of $1.49. This blockchain operates at Layer 2 (L2) and serves as a scaling solution for the Ethereum Virtual Machine (EVM), compatible with Optimistic rollups for faster and cost-effective transactions.

The system's modular design combines Optimistic rollups with a unique data availability layer, leading to reduced transaction fees and improved network efficiency. The recent uptick in MNT's value is attributed to the introduction of MNT staking, where users contribute to network security and operations.

A key element of the staking program is the Mantle Rewards Station, offering incentives to MNT stakers within the Mantle Ecosystem. Staking begins with the Ethena event, granting users mShards tokens with inherent value in the Mantle decentralized finance (DeFi) ecosystem.

These tokens can be traded within the Mantle decentralized application (dApp) ecosystem, allowing users to take advantage of potential market growth opportunities.