Mutuum Finance Raises $20.5M as Testnet Launch Accelerates Presale Phase

New updates have been reported about Mutuum Finance (MUTM).

Mutuum Finance (MUTM), a decentralized lending and borrowing platform, has raised more than $20.5 million to date and expanded its investor base to over 19,000 token holders, signaling strong market conviction despite broader crypto volatility. The project is positioning itself as a professional, non-custodial hub where users can supply digital assets for yield or borrow against existing holdings via smart contracts, retaining full control of their funds rather than relying on traditional banks.

The protocol is being built around a dual structure combining a Peer-to-Contract pool model for instant liquidity with a Peer-to-Peer marketplace that enables bespoke lending terms, aimed at covering both retail and more sophisticated participants. This architecture underpins a fixed total supply of 4 billion MUTM tokens, of which 45.5%—about 1.82 billion—is dedicated to presale distribution, and current data indicate that over 840 million tokens have already been sold, absorbing nearly half of that allocation and concentrating governance influence with the community.

Mutuum Finance is currently in Phase 7 of its structured token presale, with MUTM priced at $0.04 versus a confirmed launch price of $0.06, following an increase from an initial $0.01 level in early 2025 that has already delivered a 300% notional gain for the earliest participants. The phased pricing framework is designed to reward early capital while providing visibility into future valuation steps, and the team is using a 24-hour leaderboard that grants a $500 MUTM bonus to the day’s top contributor to reinforce engagement and sustain presale momentum.

Operationally, the main catalyst for the recent capital inflow is the transition to Roadmap Phase 2, marked by the activation of Mutuum’s V1 protocol on the Sepolia testnet. This initial live implementation allows users and potential institutional partners to trial core features such as interest-bearing mtTokens and automated liquidator bots in a risk-free environment, offering tangible evidence of technical execution beyond the prior “quiet build” period.

For executives assessing Mutuum Finance, the combination of significant early funding, a community-centric token allocation model, and a functioning testnet suggests the project is moving rapidly from concept toward market-ready infrastructure. The imminent sell-out of Phase 7 at $0.04 ahead of the targeted $0.06 launch price, together with broad payment support—including crypto and card purchases—creates near-term scarcity dynamics that could shape early secondary-market behavior, while the dual liquidity model and non-custodial design position MUTM to compete in the evolving DeFi lending stack.