Mantle DeFi Ecosystem Surpasses $1 Billion in Locked Value

Edgen Crypto

·Mar 10 2026, 16:23

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Key Takeaways

Mantle, an Ethereum Layer 2 network, has officially surpassed the $1 billion milestone for Total Value Locked (TVL) in its decentralized finance (DeFi) ecosystem, signaling growing confidence from investors and developers. The network's stablecoin market capitalization is also approaching the same threshold, indicating robust underlying economic activity.

Mantle's DeFi TVL reached $1.006 billion on March 10, 2026, according to data from DefiLlama.
The network's stablecoin market capitalization climbed to $980 million, nearing parity with its total locked value.
This growth positions Mantle as an increasingly significant competitor in the Ethereum Layer 2 market, potentially attracting more users and capital.

TVL Exceeds $1 Billion, Signaling Ecosystem Growth

The Mantle network's Total Value Locked (TVL) officially crossed the $1 billion threshold, reaching $1.006 billion on March 10, 2026. Data from DefiLlama confirmed the milestone for the Ethereum Layer 2 solution. This figure, representing the total value of assets deposited into the network's decentralized finance protocols, marks a significant achievement and demonstrates substantial capital inflow. The growth reflects rising user trust and developer activity within the Mantle ecosystem, establishing it as a serious contender for DeFi capital.

Stablecoin Market Cap Nears Parity at $980 Million

Fueling the network's expansion, Mantle's stablecoin market capitalization has climbed to $980 million. This metric is critical as it highlights the depth of liquidity available for trading, lending, and other financial activities on the network. A strong and growing stablecoin base is fundamental for a vibrant DeFi ecosystem, providing a stable medium of exchange and a reliable store of value for participants. The near parity between the stablecoin cap and the total TVL suggests that a large portion of the locked assets are liquid and actively used, indicating a healthy and functional on-chain economy.