Mantle DeFi TVL Surpasses Avalanche and Sui, Crossing $755M With +230% Growth in 6 Months
Dubai, United Arab Emirates, March 23rd, 2026, Chainwire
Mantle, the high-performance premier distribution for real-world assets connecting traditional finance and on-chain liquidity, today announced it has crossed $755 million in total DeFi TVL, according to DeFiLlama. This milestone represents 230% growth over six months, establishing Mantle as one of the fastest-growing networks in the current market cycle and surpassing several major Layer 1 chains like Avalanche and Sui in total DeFi TVL.
A Masterclass in Resilience
What makes this milestone particularly significant is the context in which it was achieved. In September 2025, Mantle’s Total Value Locked (TVL) ranged from $160M to $200M. Over six months, and despite navigating one of the most challenging and “coldest” market cycles in years, the ecosystem has achieved a growth rate approaching nearly a 300% increase.
While many protocols struggled to maintain liquidity, Mantle’s fast expansion reflects a flight to quality and utility among DeFi participants. This growth is not the result of short-term liquidity incentives or mercenary capital. It is the compound effect of deliberate ecosystem building, structural infrastructure advantages, and the unique distribution flywheel created by Mantle’s strategic alignment with Bybit, one of the world’s largest centralized exchanges with over 80 million users globally.
Two Strategic Levers: RWA and CeDeFi
Mantle’s ecosystem is currently focused on two strategic, high-conviction growth levers.
- Real World Assets (RWA): Mantle has positioned itself as the primary destination for the next generation of on-chain finance. By optimizing infrastructure for tokenized treasury bills, credit, and real estate, Mantle is ready to capture the massive liquidity influx as institutional RWA TVL begins to flow.
- The CeDeFi Flywheel: Through a strategic and deep collaboration with Bybit, Mantle continues to bridge the gap between centralized and decentralized finance. This “CeDeFi” narrative provides users with the security of on-chain transparency coupled with the liquidity and ease of use found in top-tier exchanges.
Mantle’s Ecosystem Momentum
The $755M milestone was accelerated by a series of recent ecosystem integrations and milestones:
- Mantle x Aave: Mantle has crossed $1.34 billion in total lending and borrowing on Aave in just over a month since deployment, making it the third-largest Aave market globally, trailing only Plasma and Ethereum.
- Mantle Vault Expansion: Bybit’s Mantle Vault, now running directly on Mantle Network and powered by CIAN Protocol and Aave, has crossed $150M in AUM, serving as a direct CeFi-to-DeFi gateway for Bybit’s user base.
- Bybit Alpha Integration: Four Mantle-native assets are now live and tradeable on Bybit Alpha, giving 80M+ Bybit users seamless access to Mantle’s on-chain ecosystem.
- Capital Efficiency for MNT: 3Jane, a credit protocol on Ethereum backed by Paradigm, has whitelisted $MNT, $mETH, and $cmETH for unsecured USDC credit lines, expanding the capital utility of Mantle’s native assets.
- Frictionless Access via Everclear: Users can now deposit stablecoins from any supported chain directly into Aave on Mantle in a single transaction, with no manual bridging required.
“Surpassing major L1s like Avalanche and Sui is just the beginning,” said Emily Bao, Head of Spot at Bybit and Key Advisor at Mantle. “Our 230% growth despite the current “cold” market conditions and ongoing political tensions proves that our infrastructure is built for builders who value sustainability and scale. As RWA becomes the backbone of DeFi, Mantle will be the engine accelerating it.”
The Road to Top 10: RWAs as the Next Growth Lever
Mantle’s $755 million TVL milestone is a proof point, not an endpoint. The network’s roadmap is oriented around a clear thesis: as tokenized real-world assets begin flowing on-chain in earnest, Mantle is positioned to capture a disproportionate share of that activity.
The infrastructure is already in place. A deeply liquid lending market on Aave provides the yield and borrowing layer. The Bybit distribution flywheel provides the capital access. Mantle provides the RWA protocol foundation. With tokenized gold and further institutional-grade RWAs in the pipeline, Mantle’s TVL trajectory is structurally positioned to continue its upward path.
A top 10 ranking in global DeFi TVL is not a distant ambition. It is the natural outcome of a distribution layer that is already connecting the world’s largest CeFi ecosystem to on-chain liquidity at scale.
About Mantle
Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows.
With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, and OP-Succinct.
For more information about Mantle, please visit: mantle.xyz
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