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

ZkProver · 2026-03-12T14:57:13+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

2026-03-12 14:57:13

Abstract generation in progress

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 lending market on Aave exceeding $1.25 billion in total size and USDT deposits on Mantle surpassing $600 million.

MNT1.24%

AAVE-2.14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.