Mantle TVL surges 354% YoY, Messari report shows

In the fourth quarter of 2024, Mantle TVL jumped by 354% from one year to the next, while methamphetamine has become the fourth Ethereum liquid token.

According to the State of Mantle Q4 2024 Message ReportMantle Network has experienced significant growth, its total locked value, increasing around 354% in annual sliding and 36% in a quarter. According to Messari, this thrust was largely pulled by the expansion user base and increased activity throughout the ecosystem, in particular its DEFI sector.

In addition, methamphetamine has become a dominant actor in Ethereum Liquid Eligez during its first year, reaching a maximum TVL of around 2.19 billion dollars and guaranteeing its position as fourth largest liquid token on Ethereum. Incredited by the Mantle team, the protocol was deployed on Ethereum while remaining under the governance of Mantle. This governance model has enabled transparent integration with the wider Ethereum ecosystem, by taking advantage of the structure of the mantle for improved interoperability and efficiency.

Meanwhile, the mantle treasure value increased by 52.56% in the fourth quarter, from around $ 3.00 billion in quarter to $ 4.62 billion by the end of 2024. This increase was mainly fed by the appreciation of the mantle (Mnt) Token, who represented nearly 88.85% of the total value of the treasure.

On the technical front, Coat network Advanced its infrastructure by integrating the ERC-7683 and the transversal interoperability protocol of ChainLink to improve transversal functionalities, the adoption of succinct OP to pass optimistic rolls to zero knowledge for an improvement in scalability and of the purpose, and by implementing secure multi-insigniation solutions {Co-Co-} for improved security. Mantle has also collaborated with Blocksec to strengthen the security of the protocol and took proactive measures to protect users from phishing threats.

Meanwhile, the Mantle native token is currently negotiated at $ 1.07, with a market capitalization of $ 3.6 billion, according to Co Ringecko.