Footprint Analytics

Posted on Mar 06, 2024Read on Mirror.xyz

What is MNT Token?

Footprint Analytics

Author: [email protected]

Data Source: Mantle (MNT) Dashboard (Only data on Ethereum included)

What is Mantle Network?

Mantle Network is an Ethereum scaling technology stack, EVM-compatible for seamless integration with Ethereum contracts and tools. Its modular architecture combines an optimistic rollup protocol with innovative data availability, enhancing security while reducing costs.

Mantle Network

The $MNT token acts as a governance and utility token within Mantle. Token holders have equal voting rights in DAO decisions, fostering decentralization. $MNT is used for gas fees and as collateral for Mantle Network nodes, promoting network participation and security. It is an ERC-20 token with advanced functions on Layer 1 and a bridge-wrapped ERC-20 on Layer 2.

Why Analyze Token?

Token analysis plays a pivotal role in the realm of cryptocurrency and digital assets. It is the process of delving deep into the data and market behaviors associated with these assets. It is a detailed process that involves thoroughly examining price and liquidity connected to these assets.

By analyzing tokens, we gain invaluable insights into market trends, risk factors, trading activities, and the direction of capital flows.

How to Analyze MNT Token?

Token analysis is of paramount importance, and in this context, what are the key metrics to consider?

MNT Token Price per Day for the Last 30 Days

Token Price Analysis: Understanding Market Cap and Price Fluctuations

The token price is a crucial metric that represents the value of the token in fiat currency or cryptocurrency. As of January 26, the token’s price is $0.6325, which indicates an increase of approximately 3.74% over the last month. Analyzing this price trend through diagnostic analytics provides insights into the token’s performance and potential predictive trends.

MNT Daily Token Trading Addresses

Trading Insights: A Diagnostic Tool in Crypto Analytics

Daily Token Trading Addresses are used to measure user engagement. MNT daily token trading addresses continue to maintain a span presence in the hundreds, reflecting consistent user activity within the ecosystem.

MNT Daily Token Trading Value in CEXs

Net Flow Analysis in CEX: Identifying Trends in Investor Behavior

To gain a deeper understanding of investor behavior, it is essential to analyze the net flow of tokens in and out of centralized exchanges (CEXs). This analysis not only tracks the quantity of tokens moving into and out of exchanges but also examines the broader implications of these movements in relation to market trends, investor confidence, and liquidity.

MNT Token Holder List

Token Centralization: A Descriptive Analytics Approach

To understand market integrity and susceptibility to manipulation, it is crucial to evaluate token centralization. By analyzing the distribution of tokens among top holders, we can gain insights into the influence of whale investors and the overall health of the token market.

Footprint Analytics is a blockchain data solutions provider. It leverages cutting-edge AI technology to help analysts, builders, and investors turn blockchain data and combine Web2 data into insights with accessible visualization tools and a powerful multi-chain API across 30+ chains for NFTs, GameFi, and DeFi.

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