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

ZkProver · 2026-03-10T14:45:34+00:00

Ethereum's Layer 2 network Mantle's DeFi total value locked (TVL) has surpassed $1 billion for the first time, with stablecoin market capitalization reaching $980 million, hitting a new all-time high. This is mainly due to ecosystem protocol growth and capital flow.

ZkProver

2026-03-10 14:45:34

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ChainCatcher reports that, according to Chainwire, the total value locked (TVL) on Ethereum’s second-layer network Mantle has surpassed $1 billion for the first time, and its stablecoin market cap has soared to $980 million, with both key on-chain metrics reaching new all-time highs.

The report attributes this to the growing number of protocols, integrations, and capital flows within the Mantle ecosystem, including the Mantle lending market on Aave surpassing $1.25 billion in total size; and USDT0 deposits on Mantle exceeding $600 million.

MNT4.89%

ETH1.27%

AAVE5.28%

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