Ethereum is still treated as the baseline exposure for many retail investors. It powers a large share of DeFi activity, it remains a primary settlement layer for on-chain apps, and it tends to be discussed as a long-duration hold. At the same time, analysts covering the broader cryptocurrency market continue to flag a familiar issue: once an asset becomes a core index-like holding, percentage upside often becomes harder to replicate compared with earlier cycles. That has kept attention on newer utility tokens that are still in the market-entry stage, including Mutuum Finance (MUTM).
Ethereum (ETH) Price
Ethereum has been trading around the $2,900–$3,000 zone in recent market action, moving with overall risk sentiment. The near-term trend has been shaped by consolidation, with traders watching how liquidity rotates between majors and smaller caps.
Looking out to 2026, forecast ranges discussed across analyst models tend to cluster in the $4,000 to $6,000 area. Those projections are generally tied to continued scaling progress, steady demand for staking, and ongoing usage from DeFi and on-chain applications. The tone around ETH is typically framed as durable and structural, not explosive.
What is Mutuum Finance (MUTM)?
Mutuum Finance is positioned as a decentralized, non-custodial liquidity protocol where users participate as lenders, borrowers, or liquidators. The core design supports two modes.
First is a pool-based model (P2C), where lenders deposit assets into shared liquidity pools and borrowers draw from that pooled liquidity by posting overcollateralized collateral. Individual matching is not required because the pool itself acts as the counterparty.
Second is a direct model (P2P), intended for assets that carry higher volatility or thinner liquidity. In P2P, terms are negotiated between users, including custom interest rates. This route is often described as the flexible lane for less predictable assets, including memecoins such as DOGE or SHIB, where borrowers and lenders may want bespoke terms.
How Lending Works
In the P2C pools, interest rates adjust dynamically based on utilization. When a larger portion of a pool is borrowed, borrow rates increase, lender yields rise accordingly, and the model encourages fresh deposits. A reserve factor is also built into the design to help keep liquidity available for withdrawals.
Lenders receive mtTokens as deposit receipts. These mtTokens represent the deposited amount plus the interest that accrues over time, giving users a simple way to track their position.
An example often used to illustrate the lending side is a 12% average APY on stablecoin deposits. If $15,000 in USDT were supplied at that rate, it would generate about $1,800 over one year, assuming the yield stayed near that level throughout the period.
How Borrowing Works
Borrowing on Mutuum Finance is overcollateralized. Users lock collateral and borrow against it while keeping exposure to the underlying asset. Repayment is designed to be flexible, with positions remaining open as long as collateral levels remain healthy.
For ETH as collateral, a loan-to-value of up to 85% is commonly referenced in discussions. With $1,000 worth of ETH posted as collateral, borrowing capacity would be up to $850. The practical benefit is simple: liquidity can be accessed without selling the ETH position, which can matter for users who want to stay exposed to any future upside while still funding near-term needs.
Presale Status
Mutuum Finance is currently in phase 7 of its presale at $0.04, with close to $20 million raised. The holder count is over 18,850 wallets. Token distribution has also progressed materially. More than 830 million tokens have been sold out of the 1.82 billion presale allocation, putting the presale near the halfway point on allocation.
The launch price is confirmed at $0.06, while the current presale price is $0.04, so it’s still a discounted level. The presale started at $0.01 and has already moved up to $0.04, which is a 300% increase so far. By launch at $0.06, that rise becomes about 600% from the starting price. At this stage, buyers still have a chance to secure MUTM before it goes live, while the price is lower than the launch level.
Roadmap progress and launch timing
According to roadmap framing, Phase 1 is fully completed, Phase 2 has a small number of remaining tasks, and Phase 3 is ongoing. Phase 4 is positioned as the point where the lending and borrowing platform goes live at the same time as the token.
The roadmap points to the lending and borrowing platform going live alongside the token. Launching with a working product can draw more attention and improve the odds of larger exchange exposure, which typically increases visibility and demand. Some scenarios discussed around the post-launch period place MUTM near $0.45. From the current $0.04 presale price, a move to $0.45 equals roughly a 1,025% increase.
Using an $800 example at the current $0.04 presale price, a move to $0.45 would place that position at roughly $9,000. That’s why the current level is often described as the most affordable entry point in this cycle of pricing: it’s still below the $0.06 confirmed launch price, while the presale supply is already moving toward its allocation. When visibility expands after launch through utility going live and broader exchange exposure, early pricing is the part of the curve that tends to look the most attractive in hindsight.
Sepolia testnet plans, core V1 features and audits
The team has stated that V1 is being prepared for launch on the Sepolia testnet so users can test the protocol’s core functionality in a live testing environment. The features expected to be tested include the liquidity pool system, mtTokens, debt tokens, and the liquidation flow supported by automated liquidation tooling.
On the audit side, the MUTM token completed a CertiK audit months ago, with a token scan score of 90/100. More recently, Halborn Security completed an independent audit of the V1 lending and borrowing contracts, covering the protocol’s core mechanics ahead of testnet release.
Ethereum continues to be treated as a central asset in the cryptocurrency market, with 2026 forecasts typically framed around steady appreciation. Alongside that, analysts have been pointing to Mutuum Finance as a new DeFi crypto that combines lending-and-borrowing utility with a presale that is already deep into distribution. With MUTM still priced below the $0.06 launch level, a platform launch planned alongside the token, and a Sepolia testnet deployment approaching, the project remains a frequent mention in “what crypto to buy now” discussions that extend beyond ETH.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://www.mutuum.com
Linktree: https://linktr.ee/mutuumfinance
