TechFlow News, March 23: According to DeFiLlama data, Mantle’s DeFi TVL has surpassed $755 million—surging over 230% in six months—making it one of the fastest-growing networks in the current market cycle and overtaking several major Layer 1 chains—including Avalanche and Sui—in total DeFi locked value.
Mantle’s rapid expansion stems from its carefully cultivated ecosystem, structural infrastructure advantages, and a unique flywheel effect generated by its strategic partnership with Bybit. Currently, the Mantle ecosystem focuses on two key strategic levers: Real-World Assets (RWA) and CeDeFi. On one hand, Mantle has positioned itself as the preferred platform for next-generation onchain finance, preparing to onboard institutional RWA TVL; on the other, its collaboration with Bybit continues bridging the gap between DeFi and CeFi—delivering onchain transparency and security while offering top-tier exchange liquidity and usability.
Meanwhile, Mantle has achieved several major milestones over recent months, including: the Aave Mantle market becoming the third-largest lending market on the Aave platform; Mantle Vault’s assets under management surpassing $150 million; four native Mantle assets now listed for trading on Bybit Alpha; and continuously improving capital efficiency of the $MNT token—all contributing to Mantle’s TVL growth.
Looking ahead, the launch of tokenized gold and additional institutional-grade RWAs will further fuel sustained growth in Mantle’s TVL.
