Mantle Staked Ether (METH) Market Performance and Protocol Developments
Price Decline Amid Market Volatility
As of February 4, 2026, Mantle Staked Ether (METH) traded at $2,440.74 with a market capitalization of $645.35 million and 24-hour trading volume of $5.84 million, representing a 4.46% decline in the previous 24 hours. The token has experienced significant volatility, with an all-time high of $5,312.55 reached on August 24, 2025, leaving the current price 43% below that peak.
Ecosystem Growth and Institutional Adoption
The liquid staking token $mETH has grown to become the 4th largest ETH liquid staking token in less than a year, achieving a peak TVL of $2.19 billion. Mantle and Republic Technologies partnered to integrate mETH, making it the first liquid staking token held on a publicly listed company's balance sheet, signaling institutional adoption of Ethereum-native assets.
Protocol Expansion and New Features
The introduction of $cmETH, a permissionless, composable liquid restaking token that unlocks restaking opportunities on Mantle, and $COOK, the protocol's upcoming governance token, marks mETH Protocol's next phase with further enhanced offerings. Mantle's LSP offers double the market rate yield via its "Double-Dose Drive" program, up to a cap of 600,000 staked ETH, with additional yield coming from ETH rewards earned by ETH staked from the Mantle Treasury.
Market Activity and Trading Dynamics
The trading volume of Mantle Staked Ether (METH) is $257,772.34 in the last 24 hours, representing a 329.10% increase from one day ago and signalling a recent rise in market activity. The most popular exchange to buy and trade Mantle Staked Ether is Bybit, where the most active trading pair METH/ETH has a trading volume of $8,512.21 in the last 24 hours.