Mantle's Onchain Finance Growth Surpasses Expectations in Q1 2026

Mantle's first quarter of 2026 has seen significant developments in the onchain finance space. The protocol's DeFi TVL reached an all-time high of $648 million, driven by the launch of Aave V3 markets on February 11th.

The RWA TVL on Mantle grew 27.4% quarter-over-quarter to $247.5 million, primarily due to the introduction of Maple Finance's syrupUSDT and Bybit's xStocks tokenized equities rollout.

Mantle's Treasury closed Q1 at a value of $2.4 billion, making it the largest DAO treasury on DefiLlama and the second-largest overall.