Latest mETH Protocol (COOK) News Update

Deep Dive

1. @mETHProtocol: Republic Tech’s mETH treasury move bullish

"Republic Technologies allocated ETH to mETH as the first public company to hold an LST, transforming idle ETH into yield-bearing collateral."
– @mETHProtocol (127K followers · 412K impressions · 2025-05-22 13:59 UTC)
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What this means: This is bullish for COOK because it validates mETH’s institutional utility, potentially attracting more corporate treasuries seeking compliant ETH yield.

2. @mETHProtocol: HyperEVM cmETH supply rockets bullish

“cmETH supply on HyperEVM surged 750% from April–June 2025 via Mantle partnerships, while Bybit’s cmETH holdings grew 25% to ~81K.”
– @mETHProtocol (127K followers · 289K impressions · 2025-07-07 11:36 UTC)
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What this means: This is bullish for COOK as demand for its wrapped ETH products accelerates, signaling protocol adoption and deeper liquidity across DeFi platforms.

3. @mETHProtocol: Heisenberg-themed art contest neutral

“2 ETH rewards for ‘Cooking Bad’ yield-themed art submissions – voters must hold 300 COOK, 3 MNT, or Nouns NFTs.”
– @mETHProtocol (127K followers · 158K impressions · 2025-07-09 11:40 UTC)
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What this means: This is neutral for COOK – while it boosts community participation, the token utility here is limited to governance voting rights rather than direct protocol revenue.

Conclusion

The consensus on COOK is bullish, driven by institutional validation and HyperEVM adoption, though recent price volatility (-29% weekly) suggests caution. Watch for updates on Mantle Index Four’s $1B AUM target – inclusion could drive fresh capital inflows to mETH products.

Deep Dive

1. cmETH Restaking Launch (2025)

Overview:
The protocol plans to fully activate $cmETH, a composable liquid restaking token, enabling users to earn Ethereum staking yields and restaking rewards via platforms like EigenLayer. Partnerships with Symbiotic Finance (X post) aim to deploy $150M+ in cmETH vaults.

What this means:
This is bullish for $COOK because restaking expands mETH’s utility as a yield-bearing asset, potentially attracting institutional capital. Risks include smart contract vulnerabilities and reliance on EigenLayer’s adoption.

2. Governance Expansion (2025)

Overview:
$COOK holders will vote on protocol parameters (e.g., fee structures, validator selection) and strategic partnerships. A July 2025 community call outlined plans to decentralize decision-making.

What this means:
This is neutral-to-bullish, as effective governance could improve protocol resilience but may face voter apathy. Tokenomics (5B max supply, 18% initial circulation) could pressure prices if unlocks outpace demand.

3. Mantle Banking Integration (2026)

Overview:
Mantle’s neobank, UR, will integrate mETH for fiat conversions, debit card spending, and yield-bearing accounts (CoinMarketCap).

What this means:
This is bullish long-term, bridging DeFi yields to everyday finance. Execution risks include regulatory hurdles and adoption timelines.

Conclusion

mETH Protocol is transitioning from a staking service to a multi-layered yield engine, with restaking and TradFi integrations as growth catalysts. Will $COOK’s governance framework keep pace with its expanding ecosystem?

Deep Dive

1. Ecosystem Momentum (5 August 2025)

Overview:
Mantle’s MNT token surged 20% to $0.91, partly fueled by mETH Protocol’s integration into Mantle Index Four – a diversified crypto fund attracting institutional capital. The protocol’s liquid staking solutions contributed to a $233M DeFi TVL increase and $388M ETH reserve expansion.

What this means:
Bullish for COOK as rising ETH staking demand via mETH strengthens its utility. However, Mantle’s price remains 60% below its 2024 peak, signaling volatility risk if broader market sentiment shifts. (CoinJournal)

2. Q2 Milestones Recap (7 July 2025)

Overview:
mETH Protocol expanded custody support via OpenSea’s OSL and saw cmETH supply on Bybit grow 25% to 81K. A partnership with Mantle Scouts and Hypurr boosted HyperEVM’s cmETH supply by 750% from April to June.

What this means:
Neutral-to-bullish – while adoption metrics improved, COOK’s price fell 16.76% over the same period, suggesting traders priced in these developments early. (mETH Protocol)

3. Public Company Adoption (22 May 2025)

Overview:
Republic Technologies became the first publicly listed firm (CSE: DOCT) to hold mETH, delegating ETH to the protocol for yield. This preceded mETH’s inclusion in MI4, a $1B-target index fund backed by Mantle Treasury.

What this means:
Structurally bullish – institutional validation could drive long-term demand, though COOK’s 75% annual drop shows persistent skepticism about ETH restaking narratives. (CoinMarketCap)

Conclusion

mETH Protocol is gaining institutional traction but faces a credibility gap between ecosystem growth and COOK’s price action. With Mantle Banking’s planned fiat integrations, will traditional finance finally bridge this divide?