Agni Finance (Mantle) Overview (H1)

Agni Finance is a decentralized exchange and launchpad built on Mantle Network, live since 2023. It focuses on high‑capital‑efficiency AMM trading and supports a streamlined, on‑chain liquidity model.

Trading Volume & Liquidity

Agni Finance sees around $2.1 million in daily spot trading volume - about 19 BTC - which reflects healthy early adoption on Mantle. Daily transaction counts hover near 57,700, with a 24‑hour DEX volume of approximately $3.4 million, placing it around the DEX rank 74 on Mantle. Total Value Locked (TVL) sits near $39 million, suggesting solid engagement by liquidity providers.

Supported Markets & Tokens

The platform offers trading across about 7 cryptocurrencies and 23–24 trading pairs, including METH, FBTC, USDe, WMNT, and cmETH. Its concentrated liquidity model allows LPs to set customized ranges, enhancing capital efficiency.

Recent additions include high-frequency pairs like USDE/WMNT, WETH/cmETH, FBTC/cmETH, and METH/cmETH.

Fees & Revenue

Agni Finance generated approximately $2.3k in fees over the past 24 hours and nearly $163k in the past month, contributing to an estimated annualized fee figure of about $2 million. This revenue flows from transaction fees, reinforcing sustainability.

Fiat Support & On‑Ramp

Agni Finance is a pure AMM DEX on Mantle and does not offer any fiat on‑ramp capabilities. Users must first obtain crypto (e.g., WMNT, METH) off‑platform before engaging in liquidity or trading on Agni.

Security & Regulation

As a decentralized protocol on Mantle, Agni Finance depends on audited smart contracts and on-chain verifiability. No formal regulation applies, but its transparent architecture allows community review and trust. TVL figures and liquidity data are fully visible on‑chain.

User Interface & Experience

The swap interface is clean and direct, allowing users to connect wallets and execute trades instantly. Transactions happen entirely on-chain without login, aligning with DeFi norms.

Pros and Cons

Pros

• AMM with concentrated liquidity makes capital usage efficient
• Daily DEX volume (~$3.4 M) and near‑$39 M TVL boost credibility
• Diverse and growing pair selection (METH, FBTC, cmETH, USDe…)
• All activity is on‑chain and transparent - no sign‑ups or KYC

Cons

• No fiat on‑ramps - requires external funding to start
• Limited token variety (7 coins, ~24 pairs)
• Lack of centralized customer support; all issues must be self‑resolved on‑chain
• Regulatory status undefined, potentially limiting for institutional users

Who Is It For?

Agni Finance is ideal if you:

• Want a cutting-edge AMM on Mantle with efficient liquidity tools
• Prefer fully on‑chain, permissionless trading with wallet-only access
• Are comfortable managing your own funds and understanding on‑chain mechanics

This exchange might not suit you if you need fiat integration, customer support, or extensive token listings. It’s best as a complementary hub for Mantle‑native DeFi users.

Quick Comparison Table

Here’s a concise overview:

Conclusion

Agni Finance offers a compelling, on‑chain AMM experience on Mantle with efficient liquidity, transparent operations, and solid volume metrics. It’s a strong pick for crypto‑native users who value permissionless trading and capital efficiency. 

However, lack of fiat access, limited token variety, and absence of centralized support mean it’s best used alongside broader DeFi and CeFi tools. If you’re active in DeFi and Mantle ecosystems, this DEX deserves a place in your portfolio toolkit.