Mantle, the Ethereum Layer 2 network, has achieved two significant on-chain milestones simultaneously. According to data from DefiLlama, Mantle's DeFi Total Value Locked (TVL) has crossed the $1 billion mark for the first time, reaching $1.006 billion. Concurrently, its Stablecoin Market Cap has surged to $980 million, approaching the $1 billion threshold.
These dual all-time highs reflect compounding momentum across the Mantle ecosystem, which positions itself as a premier distribution layer connecting real-world finance with on-chain liquidity. The TVL growth is attributed to the expansion of its DeFi ecosystem, including integrations with major protocols like Aave, and growing institutional recognition for bringing real-world assets on-chain.
In a related strategic development, Bybit, the world's second-largest cryptocurrency exchange by trading volume, has officially integrated Mantle Chain onto its Bybit Alpha platform. This integration allows Bybit Alpha's users direct access to trade Mantle-native assets without requiring cross-chain operations, bridging decentralized liquidity with centralized trading convenience.
The first batch of listed Mantle-native assets includes $BSB (Block Street), $SCOR (Scor Protocol), $ELSA (HeyElsa AI), and $VOOI (Vooi), with more tokens to be added progressively. The integration is powered by partners within the Mantle ecosystem: Fluxion, the native DEX on Mantle, provides liquidity, while Birdeye delivers real-time data analytics.
To celebrate the launch, Bybit Alpha is introducing a $200,000 Puzzle Hunt to encourage user exploration of the Mantle ecosystem. The integration follows Mantle's strong Q4 2025 performance, highlighted in a Messari report showing 37% quarter-over-quarter TVL growth, and a 50% jump in January 2026 AUM for Mantle Vault, a structured on-chain yield product on Bybit.
Emily Bao, Key Advisor of Mantle, stated, "Crossing $1 billion in TVL and approaching $1 billion in stablecoin market cap simultaneously is a reflection of what happens when you build the right infrastructure for the right moment... The MoMNTum compounds from here." Joshua Cheong, Head of Product at Mantle, and Emily Bao, Head of Spot at Bybit, both emphasized the move's role in dissolving barriers between DeFi and CeFi and enabling efficient capital flow.
