Layer-2 Tokens Outperform as Mantle’s Market Cap Hits $5.67 Billion

Layer-2 protocols extended their rally, with Mantle (MNT) jumping 6.7% in the past 24 hours to a $5.67 billion market capitalization. The surge coincides with heavy activity on Mantle’s v2 chain, where transaction throughput hit record highs. Toncoin (TON) rose 4.8% to $2.24, and overall DeFi inflows improved. Analysts noted that investor rotation into scaling ecosystems reflects long-term faith in Ethereum’s modular roadmap. Despite positive momentum, traders remain watchful of macroeconomic cues and funding rates normalizing after recent speculative spikes.