Mantle and Aave have reached a combined market size of more than $1 billion less than three weeks after launching their joint credit market. The milestone was reached 19 days after launch, following organic inflows of more than $200 million over the weekend.
Mantle is a Layer 2 blockchain focused on scalable decentralized finance. Aave is a DeFi protocol that allows lending and borrowing of cryptocurrencies.
In addition to the $1 billion market size, Mantle’s TVL in DeFi applications increased to over $755 million. This represents a 66% increase in seven days, compared to $455 million.
The companies state that Aave’s deployment contributes to capital inflows through multiple DeFi products on Mantle. Incentives for lenders and borrowers remain active, supporting further liquidity growth.
With this development, Mantle positions itself as one of the fastest growing Layer 2 networks in terms of capital inflow by 2026. Users can access the Aave interface on Mantle to deliver or borrow digital assets under the ongoing incentive framework.
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