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

ZkProver · 2026-03-15T16:32:52+00:00

ChainCatcher News: According to Chainwire, Ethereum Layer 2 network Mantle's DeFi total locked value (TVL) has for the first time surpassed the $1 billion milestone, with its stablecoin market capitalization also surging to $980 million, with both key on-chain metrics simultaneously reaching all-time highs.The report stated that this is attributed to the growing protocols, integrations, and capital flows in the Mantle ecosystem, where Mantle on Aave's lending market total scale has surpassed $1.25 billion; on Mantle the

ZkProver

2026-03-15 16:32:52

ChainCatcher reports that, according to Chainwire, the total value locked (TVL) on Ethereum’s Layer 2 network Mantle 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 the total size of the Mantle lending market on Aave exceeding $1.25 billion, and USDT deposits on Mantle surpassing $600 million.

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