Mantle DeFi TVL Hits Record High in Q1 2026 with Aave V3's Rise

In the first quarter of 2026, Mantle's decentralized finance (DeFi) total value locked (TVL) reached a record high of $648 million. This represents a significant increase of 282.7% from the previous period.

Aave V3 was a major contributor to this growth, expanding its TVL from zero to $547 million within the quarter.