Mantle DeFi TVL surpasses $755 million, growing over 230% in six months and overtaking Avalanche and Sui
Foresight News reports that, according to DeFiLlama data, Mantle network DeFi TVL has surpassed $755 million, representing an increase of over 230% compared to $160 million to $200 million six months ago, overtaking major L1 public blockchains such as Avalanche and Sui.
Mantle has completed its integration with Aave, and within one month of deployment, cumulative lending volume exceeded $1.34 billion, making it the third largest Aave market globally. A Mantle Vault driven by CIAN Protocol and Aave at a certain exchange now manages over $150 million; four native Mantle assets have launched on Alpha at a certain exchange and are available to over 80 million users at that exchange. Paradigm-supported Ethereum credit protocol 3Jane has added MNT, mETH, and cmETH to the whitelist for unsecured USDC credit lines. Users can now deposit stablecoins on Aave in Mantle from any supported chain with one click via Everclear, without manual cross-chain operations. Mantle stated that with continued on-chain tokenization of real-world assets, the network TVL is expected to enter the global top ten.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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