Mantle TVL Reaches All-Time High as Aave DeFi Launch Accelerates Growth

Mantle, the Bybit-linked Ethereum Layer 2, hits $1.06B TVL after Aave launches on Mantle, with DeFi lending market size surpassing $1.2B.

Rich by Coin

2026-03-10

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Mantle’s total value locked (TVL) reached a new all-time high on March 9, crossing the $1 billion mark at $1.06 billion, according to DefiLlama. The surge followed the launch of Aave, the largest lending protocol in DeFi, on Mantle in mid-February. As of today, Aave on Mantle has surpassed $1.2 billion in total lending and borrowing market size. Mantle’s DeFi TVL has surged nearly fourfold from $255 million in the month after the Aave integration, rising 33% in the past week alone.

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An incentive program awarding MNT tokens to users who lend and borrow on the network accompanied the Aave deployment, likely accelerating inflows. Mantle is now the 12th-largest chain by TVL, according to DefiLlama, just trailing Polygon with $1.15 billion but ahead of Avalanche, which has roughly $800 million.