According to Messari's Q4 2024 report, Mantle Network showed significant growth with its total value locked (TVL) increasing by 354% year-over-year. Additionally, mETH has become the fourth largest liquid staking token on Ethereum.
Mantle's Total Value Locked (TVL) Growth
In Q4 2024, Mantle Network demonstrated an impressive 354% increase in TVL compared to the same period last year and a 36% growth quarter-over-quarter. According to Messari, this surge was mainly driven by the expanding user base and activity in the ecosystem, especially in the DeFi sector.
Success of mETH in Ethereum Liquid Staking
In its first year, mETH has emerged as a significant player in Ethereum liquid staking, reaching a peak TVL of around $2.19 billion and securing the fourth-largest position among staking tokens. The system was deployed on Ethereum under Mantle's governance, enabling effective integration into the broader Ethereum ecosystem.
Mantle's Technical Advancements and Finances
In Q4 2024, Mantle's treasury value increased by 52.56%, rising from $3.00 billion in the third quarter to $4.62 billion. This growth was primarily driven by the appreciation of the Mantle (MNT) token, accounting for approximately 88.85% of the treasury's total value. Technologically, Mantle advanced its infrastructure capabilities through the integration of new protocols and security solutions.
In conclusion, Mantle Network achieved significant milestones in Q4 2024: from substantial increases in TVL to treasury growth and technological advancements, strengthening its market position.
