DeFiLlama: Mantle TVL retraced from a high of $1 billion to just above $700 million within two days

2026-03-11 13:29:56

Wu said that according to DeFiLlama data, since mid-February, Mantle’s TVL has experienced significant fluctuations, rising steadily from $255 million in mid-February to over $1 billion on March 9. However, in the past two days, its TVL has dropped sharply to just above $700 million. The main reasons may be related to the launch of Aave v3 on Mantle in early February and GHO incentives, which attracted some DeFi farmers to mine on the Mantle chain.

MNT-0,55%

AAVE-1,91%

GHO0,28%

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