Relative strength in a down-only market $MNT has one of the smallest 30-day drawdowns among $ETH and other L2 EVMs, holding steady at around -14%, while others have experienced steeper drops On top of that, Mantle’s treasury remains strong at a solid $2.3B and the team is not just sitting idly on it. The treasury is quite actively used to reward $MNT and the broader Mantle ecosystem through a range of community campaigns: $MTN Reward Booster Season 2: 1.5M $MNT (~$1m USD) tokens are up for grabs by simply locking $MNT into the shared pool. Lock-in periods are highly flexible - from 0 to 300 days - with longer durations offering a higher share of rewards @mETHProtocol Methamorphosis S3: Powder emissions continue, which will be redeemable for future $COOK rewards (I’ll share a separate deep dive into @mETHProtocol soon) TLDR: Team keeps cooking -> strong relative performance -> actively leverages massive war chest -> incentivize $MNT and ecosystem holders