MANA: Decentraland's Native Utility Token
MANA is the native token of the decentralized virtual reality platform Decentraland, issued on the Ethereum blockchain and compliant with the ERC20 standard. Within Decentraland's virtual world, users utilize MANA to purchase virtual land (known as LAND), avatars, wearables, and other digital goods and services. The project launched in 2017, and its 3D virtual world officially opened to the public in February 2020. The long-term development of the project is governed by a Decentralized Autonomous Organization (DAO), where MANA and LAND holders can participate in decision-making through voting.
MANA Supply Data
MANA's total supply was fixed at genesis, with no mechanism for additional issuance. Below are its key supply data (as of late October 2026):
- Total Supply: Approximately 2.19 billion MANA (2,193,179,327 MANA).
- Circulating Supply: Approximately 1.99 billion MANA (1,985,909,566 MANA).
- Circulation Rate: Calculated by dividing circulating supply by total supply, the current circulation rate exceeds 90%.
MANA's circulating market capitalization is calculated by multiplying the current price by the circulating supply. Based on an estimated price of approximately $0.086 at the time, its market cap was around $170 million. More precise real-time price and market cap data can be found on market platforms like Svmuu.
Recent Project Developments and Market Status
The Decentraland ecosystem continues to evolve. In October 2024, the project officially released Decentraland 2.0, introducing a new desktop client beta aimed at improving performance and user experience. Prior to this, in July 2024, the project announced plans to expand to VR and mobile platforms.
In the secondary market, MANA's price is volatile, with its all-time high occurring in November 2021, nearing $6. The current price has seen a significant pullback from its historical peak, and market analysis often focuses on its macro risk exposure and price fluctuations within specific ranges. As the platform's utility token, MANA's value is closely tied to Decentraland's user activity and ecosystem development. Investors can trade this token on supported exchanges, and it is advisable to verify the latest project updates and market information independently before trading.
