TechFlow reports, according to data from 21.co analyst Tom Wan, mETH, the liquid staking token (LST) of modular Ethereum Layer 2 solution Mantle, has grown 24% over the past seven days, becoming the fifth-largest LST with a TVL of $637 million.
Notably, mETH offers up to twice the yield of other LSTs by sharing stETH rewards and distributing MEV and priority fees, providing holders with a 7.2% return. The mETH cap is set to increase from 250,000 to 333,333, with TVL expected to rise to $850 million.
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