ChainCatcher report, according to Chainwire, Ethereum Layer 2 network Mantle’s total value locked (TVL) in DeFi has surpassed $1 billion for the first time, while its stablecoin market cap surged to $980 million—both key on-chain metrics reaching all-time highs. The report attributes this growth to increasing protocols, integrations, and capital flows within the Mantle ecosystem, including the total size of the Mantle on Aave lending market exceeding $1.25 billion and USDT deposits on Mantle surpassing $600 million.
Mantle DeFi TVL Exceeds $1 Billion, Stablecoin Market Cap Reaches $980 Million
ChaincatcherShare
Summary
Mantle DeFi TVL reached $1 billion, with the stablecoin market cap hitting $980 million, according to on-chain news. Growth is fueled by expanding protocols and capital inflows, including Aave’s lending market surpassing $1.25 billion and USDT deposits exceeding $600 million. A DeFi exploit remains a risk as TVL and stablecoin usage continue to rise.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.