CandleFocus

Mantle TVL surges 354% YoY, Messari report shows

The Q4 2024 report by Messari shows that Mantle Network experienced significant growth, with a 354% year-over-year surge in total value locked (TVL) and a 36% quarter-over-quarter increase. This growth was driven by an expanding user base and increased activity in the ecosystem, particularly in the DeFi sector. mETH, the Ethereum liquid staking token incubated by Mantle, became the fourth-largest liquid staking token on Ethereum, reaching a peak TVL of $2.19 billion. Mantle's treasury value grew by 52.56% in Q4, primarily due to the appreciation of the Mantle (MNT) token. Mantle also made technical advancements, integrating cross-chain functionality and implementing security measures. The native token, MNT, is currently trading at $1.07 with a market capitalization of $3.6 billion.

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