This article is machine translated
Show original

It looks like Mantle and Bybit are focusing their efforts on Solana. Rather than focusing on their own L2 Mantle chain, which has seen its liquidity dwindle and dried up, they seem to be trying to build something on Solana. Last year, Bybit showed signs of trying to expand Mantle to HyperEVM, and at that time, they enabled Mantle bridging. However, there hasn't been any significant development on HyperEVM since then. This time, Solana appears to be attempting to shift liquidity to Byreal, which is currently establishing itself on Bybit, and AlphaFarm, a Bybit CeFi. Mantle rewards have also been deployed on Bybit's mnt-usdc alpha farm. This is a departure from the previous strategy of not deploying anything on Fluxion, Mantle's native DEX. Providing DEX liquidity on Mantle was complex and challenging, but now it's easier and faster to build than Mantle's L2 MerchantMo or other DEXs. Bybit itself now supports MNT deposits and withdrawals on the Solana chain, and bridging from Ethereum to Solana is now possible on-chain. I now believe it's better to forgo Mantle L2 farming and instead focus on Solana.

Telegram
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments