Ethereum Layer-2 Tokens Outpace Market After Weekend Crash

Ethereum scaling tokens bounced back harder than most of the crypto market after this weekend's crash

Written by: Sophia Cruz • Monday, October 13, 2025 • 2 min read

• Last updated: Monday, October 13, 2025

Quick overview

Ethereum scaling tokens, particularly Mantle, rebounded significantly after the recent market crash, showcasing resilience amid a $19 billion liquidation event.
Mantle surged 31% on Monday, becoming the third-biggest gainer among the top 100 cryptocurrencies, while other layer-2 projects like Arbitrum and Immutable also saw notable gains.
Analysts attribute Mantle's momentum to its integration with Bybit, which has led to increased on-chain activity and a 117% rise in active addresses week over week.
The recent performance gap between Bybit and Binance during market volatility may have further fueled interest in Mantle and its associated tokens.

Ethereum scaling tokens bounced back harder than most of the crypto market after this weekend’s crash. Layer-2 projects built on Ethereum showed stronger resilience following the $19 billion liquidation event.

Mantle surged 31% on Monday, landing it as the third-biggest gainer among the top 100 cryptocurrencies. Arbitrum and Immutable both posted double-digit gains. Polygon climbed 8% in the 24 hours leading up to Monday afternoon.

Analysts point to Mantle’s growing role in the Bybit exchange ecosystem as a key factor. Jake Kennis from Nansen said Mantle has picked up serious momentum lately, driven by the Bybit integration, product variety, and a large treasury. The MNT token has tripled in price over the past three months.

Mantle’s active addresses jumped 117% week over week, the strongest growth among all layer-2 networks according to blockchain analyst SatyaXBT. Bybit’s expansion and Mantle’s on-chain activity are creating a feedback loop between the exchange and the layer-2 network.

Bybit launched several campaigns and staking products for MNT in August. After that, the exchange put out a joint roadmap with Mantle that includes lower slippage on trades, new ways to pay, and more savings options. This is all part of Mantle 2.0, which aims to position the network as an institutional liquidity chain for tokenized real-world assets.

Delphi Digital noted in September that Mantle isn’t just another layer-2 anymore. It’s become the foundation of Bybit’s ecosystem, looking more like a play for dominance in the real-world asset space.

Some observers think Mantle’s rally got an extra boost from Binance having platform issues during the weekend volatility. Binance reported delays and display problems on Friday due to heavy trading volume, causing three tokens to depeg. Binance handed out $283 million to compensate affected users.

One analyst noted that while people couldn’t manage positions on Binance, Bybit ran smoothly. That performance gap may have driven more activity toward Bybit and its associated tokens like MNT.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.