Bybit x Santiment DeFi Report: platform tokens shine as MNT sees over $1M whale transactions
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In a historic month for crypto, August 2025 has seen Bitcoin (BTC) and Ethereum (ETH) each reach new all-time highs, creating a rising tide that has lifted much of the crypto market. Among the many sector assets benefiting from this renewed momentum, platform tokens have stood out for their ability to erupt with conviction. Backed by exchanges that are expanding their global reach and deepening product integration, these tokens have become more than just trading incentives — they’re now essential pillars of liquidity, governance and ecosystem growth.
Two tokens that exemplify this surge are Mantle (MNT) and OKX’s native token, OKB. Each one has leveraged the strength of major platforms like Bybit and Coinbase, which have increased these tokens’ availability and integration across derivatives, staking and structured products. Their rise highlights the way exchange-driven tokens can thrive in a bull market environment and secure lasting relevance in an increasingly competitive landscape.
Price percentage changes of Mantle and OKX token (OKB) over the past six months. Source: Santiment