Key Highlights from Mantle TVL Surge in Q4 2024
In the fourth quarter of 2024, Mantle TVL experienced a remarkable surge of 354% year over year, positioning itself as a significant player in the Ethereum ecosystem. This growth was highlighted in the State of Mantle Q4 2024 report by Messari, showcasing the platform’s expanding user base and heightened activity across its DeFi sector.
mETH Emerges as Leading Ethereum Liquid Staking Token
One of the standout achievements for Mantle Network was the emergence of mETH as the fourth-largest Ethereum liquid staking token within its first year. With a peak TVL of approximately $2.19 billion, mETH solidified its position in the market, showcasing the strength of Mantle’s governance model and seamless integration with the broader Ethereum ecosystem.
Treasury Value Growth and Technical Advancements
During Q4, Mantle’s treasury value saw a significant 52.56% increase, reaching $4.62 billion by the end of 2024. This growth was primarily driven by the appreciation of the Mantle (MNT) token, which accounted for a significant portion of the treasury’s total value. Additionally, Mantle Network made strides in technical advancements by integrating ERC-7683 and Chainlink’s cross-chain interoperability protocol, transitioning to zero-knowledge rollups for scalability, and enhancing security measures with Safe{Core} multi-signature solutions.
Current Market Status
As of now, Mantle’s native token is trading at $1.07, with a market capitalization of $3.6 billion, according to CoinGecko. This reflects the platform’s continued growth and positive market presence in the evolving cryptocurrency landscape.