Top 5 Layer 2 Tokens by Market Capitalization

• Polygon’s MATIC leads Layer 2 resurgence with a $5.26 billion market cap.
• Mantle (MNT) surged 7% in 24 hours, hitting a $1.35 billion market cap.
• Layer 2 tokens are on the rise as bullish momentum sweeps the market.

In a robust show of bullish momentum, Layer 2 tokens are seeing a resurgence in market capitalization, spearheaded by Polygon (MATIC). Despite a brief bearish dip, MATIC bounced back impressively, reaching a 24-hour high of $0.5738.

This resurgence is no coincidence since it reflects a growing investor interest that catapulted MATIC’s market cap to $5.26 billion, marking a 1.52% uptick. The trading volume soared by 19.59% to $352.7 million, showcasing robust investor engagement.

Following the bullish stride, Mantle (MNT) notched a market cap of $1.35 billion, a 6.37% surge. Moreover, its 24-hour trading volume skyrocketed by 88.73% to $48.3 million. The buoyancy didn’t stop there, with bulls propelling the MNT price to a 7-day high of $0.4193, reflecting strong market momentum. The price now sits at $0.4191, a 7.00% upswing from the previous day’s close.

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