In a recent thread on X, tech content creator Ashen One (@ashen_one) shared his evolving perspective on alternative Layer 1 (L1) and Layer 2 (L2) blockchains. For those new to the terms, L1 refers to base blockchains like Ethereum, while L2s are built on top to improve speed and cost. Ashen predicts that most of these chains won't last five years due to lack of utility, but he's optimistic about a select few—including Mantle.
Quoting a video clip from Badidoyo (@badidoyo), Ashen highlights a conversation from the Mantle State of Mind event at CCCC Campus in Lisbon. In the clip, he asks the Mantle team about their relationship with Bybit, one of the world's largest crypto exchanges, and whether projects launching on Mantle get a leg up for Bybit listings.
The response? Mantle and Bybit are independent, but their close ties mean shared goals that could benefit projects. This is huge for meme token creators—imagine launching your token on Mantle and potentially fast-tracking to a major exchange like Bybit.
Ashen explains his semi-bullish flip on alt chains after seeing innovative ones like Sui, Avalanche (AVAX), and Abstract emerge. Even big players like Circle and Stripe are jumping in with their own chains, signaling real staying power for the best.
He partnered with Mantle for the CCCC event for three key reasons:
Bybit Connection: Mantle is essentially Bybit's go-to chain, giving it massive exchange backing.
Huge Treasury: With an $8 billion treasury (ranking fourth in crypto), Mantle has the funds to fuel growth—even if part comes from its native $MNT token.
RWA Focus: Real World Assets (RWAs) involve tokenizing things like real estate or stocks on the blockchain. Mantle is positioning itself as the RWA chain, while also exploring AI and privacy metas.
Ashen believes chains need a clear identity to thrive—like being "the RWA chain." This niche, combined with their strengths, sets Mantle apart from "useless" competitors and positions it as a top L2 in the next decade.
The thread sparked reactions, including from Mantle Official (@Mantle_Official), who called it a "W take" (crypto slang for a win or solid opinion).
For meme token enthusiasts, this matters because robust L2s like Mantle could become hotbeds for viral launches. With easier listings and RWA integrations, it might blend fun memes with real financial utility. Keep an eye on Mantle— it could be where the next big meme wave happens.
Check out the full thread here for more details.