Mantle DeFi TVL surpasses $1 billion, with the market capitalization of stablecoins reaching $980 million

MarsBitNews · 2026-03-10T14:23:51+00:00

The total value locked (TVL) in Ethereum's second-layer network Mantle has surpassed $1 billion for the first time, with stablecoin market capitalization reaching $980 million, setting a new all-time high. Protocol growth and capital flows within the ecosystem have driven this development.

MarsBitNews

2026-03-10 14:23:51

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Mars Finance reports that, according to Chainwire, Ethereum’s second-layer network Mantle’s DeFi total value locked (TVL) has surpassed $1 billion for the first time, with its stablecoin market cap soaring to $980 million. Both key on-chain metrics have reached new all-time highs. The report attributes this to the growing number of protocols, integrations, and capital flows within the Mantle ecosystem, including Mantle’s lending market on Aave exceeding $1.25 billion in total size, and USDT deposits on Mantle surpassing $600 million.

MNT4.4%

ETH2.45%

AAVE7.7%

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