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Mantle DeFi TVL Grows 230% to Surpass $755M Mantle's decentralized finance ecosystem has expanded rapidly, with its Total Value Locked (TVL) climbing past $755 million. According to data from DeFiLlama, this figure represents a more than 230% increase over the past six months. The surge in locked assets now places Mantle's TVL ahead of established Layer 1 blockchains such as Avalanche and Sui, signaling a notable shift in liquidity and developer interest towards the Layer 2 network. Bybit Partnership Fuels $1.25B Aave Deployment The primary driver of this growth is a strategic CeDeFi integration connecting Mantle's on-chain ecosystem with Bybit's vast user base. The Mantle Vault on Bybit, built in partnership with lending protocol Aave and automation platform CIAN, provides a direct channel for capital to flow from Bybit's 80 million users onto the Mantle Network. This synergy proved immediately effective, as Aave’s deployment on Mantle attracted $1.25 billion in total value within its first month, establishing a deep liquidity foundation for the ecosystem. MNT Token Stalls at $0.75 Despite On-Chain Strength While on-chain metrics show robust fundamental strength, the price of Mantle's native token, $MNT, has not mirrored this trajectory. The token is currently consolidating near the $0.754 mark, facing a technical stress test after a broader market correction forced a retreat from recent highs near $0.85. The price action indicates that while high TVL and user adoption are strong positive indicators, the token's performance remains tied to overall market sentiment, presenting a disconnect between ecosystem growth and immediate asset valuation.
Bybit Connects 80M Users to $1.25B DeFi Market Bybit announced a strategic alliance on March 17 with DeFi lending giant Aave and automation protocol CIAN to deepen its integration with the Mantle network. The partnership connects Bybit's pool of 80 million users to an on-chain ecosystem with over $1.25 billion in total value locked (TVL). By integrating Bybit's Mantle Vault, the collaboration channels centralized exchange liquidity directly into Aave's lending markets, with CIAN providing automated strategies to optimize yield for users. This initiative effectively creates a powerful bridge between centralized finance (CeFi) and decentralized finance (DeFi). It allows Bybit's customers to access on-chain financial products with reduced friction, leveraging Mantle's Layer 2 infrastructure for efficient transactions. The integration aims to dissolve the barriers between the two financial paradigms, enabling capital to flow more freely into the growing Mantle ecosystem. Mantle's TVL Surpassed $1B Ahead of Partnership The alliance capitalizes on Mantle's significant growth trajectory. Just before the announcement, on March 10, the network's DeFi TVL crossed the $1 billion threshold for the first time, while its stablecoin market capitalization approached $980 million. These milestones signaled strong market confidence and accelerating adoption of Mantle as a key layer for on-chain finance. This momentum was particularly evident within the Aave protocol itself. Prior to the new alliance, the Aave market on Mantle had already grown to over $1.25 billion in total lending and borrowing market size, making it one of the most significant DeFi lending venues in the Ethereum ecosystem. The new integration with Bybit's user base is set to inject substantial new liquidity and activity, amplifying Mantle's strategy of merging the scale of CeFi with the composability of DeFi.
TVL Exceeds $1 Billion, Signaling Ecosystem Growth The Mantle network's Total Value Locked (TVL) officially crossed the $1 billion threshold, reaching $1.006 billion on March 10, 2026. Data from DefiLlama confirmed the milestone for the Ethereum Layer 2 solution. This figure, representing the total value of assets deposited into the network's decentralized finance protocols, marks a significant achievement and demonstrates substantial capital inflow. The growth reflects rising user trust and developer activity within the Mantle ecosystem, establishing it as a serious contender for DeFi capital. Stablecoin Market Cap Nears Parity at $980 Million Fueling the network's expansion, Mantle's stablecoin market capitalization has climbed to $980 million. This metric is critical as it highlights the depth of liquidity available for trading, lending, and other financial activities on the network. A strong and growing stablecoin base is fundamental for a vibrant DeFi ecosystem, providing a stable medium of exchange and a reliable store of value for participants. The near parity between the stablecoin cap and the total TVL suggests that a large portion of the locked assets are liquid and actively used, indicating a healthy and functional on-chain economy.
Bybit Alpha Integrates Mantle Chain on March 10 Bybit Alpha completed its integration of Mantle Chain on March 10, a move that directly connects its user base with the growing Mantle ecosystem. This allows traders on the platform to access and trade native Mantle assets without needing to bridge tokens or use external decentralized exchanges, streamlining the investment process and reducing transactional friction. The integration aims to deepen the liquidity available for assets built on Mantle, a key factor for the network's growth and developer attraction. Mantle Gets $200,000 Boost with New Token Listings To catalyze activity, Bybit Alpha listed an initial set of four native Mantle tokens: BSB, SCOR, ELSA, and VOOI. This listing provides these projects with significant exposure and a direct channel to a broader pool of capital. To further accelerate adoption and trading volume, Bybit launched a $200,000 promotional campaign tied to the integration. This financial incentive is expected to attract traders and liquidity providers, creating a more robust and active market for the newly listed assets from day one.
Mantle (MNT) current price is $0.654493, down 3.47% today.
Mantle (MNT) daily trading volume is $34.0M
Mantle (MNT) current market cap is $2.1B
Mantle (MNT) current circulating supply is 3.2B
Mantle (MNT) fully diluted market cap (FDV) is $4.0B
Mantle (MNT) is founded by Ben Zhou