In Q4 2024, Mantle TVL increased by 354%year after year, because Meth became the fourth largest Ethereum Liquid strike token.
According to the State of Mantel Q4 2024 Report by MessariMantle Network experienced significant growth, with its total value locked by approximately 354% on an annual basis and 36% quarterly over-quarter. According to Messari, this increase was largely powered by the growing user base and the increased activity in the entire ecosystem, in particular the Defi sector.
In addition, Meth came as a dominant player in Ethereum Liquid deployment within the first year, reached a peak TV of around $ 2.19 billion and secured his position as it is four largest liquid in Ethereum. Incubated by the Mantle team, the protocol was used on Ethereum and remained under the Mantle board. This management model made a seamless integration possible with the wider Ethereum ecosystem, in which the structure of Mantle used for improved interoperability and efficiency.
In the meantime, the treasury value of Mantle grew by 52.56% in Q4, rose by the end of 2024 from around $ 3.00 billion in Q3 to $ 4.62 billion. This increase was mainly fed by the valuation of the mantle (MNT) token, which was almost 88.85% good from the total value of the treasury.
In the field of technical level, Mantle Network has advanced his infrastructure by integrating ERC-7683 and Chainlink’s Cross-Chain interoperability protocol to improve the functionality of the cross-chain, whereby is used to transition from optimistic to zero-knowledge rollups For improved scalability and finality, and implementation of safe {core} multi-signature solutions for improved security. Mantle also collaborated with Blocksec to strengthen protocol protection and took proactive measures to protect users against phishing threats.
In the meantime, Mantle’s indigenous token is currently being traded at $ 1.07, with a market capitalization of $ 3.6 billion, according to Coentecko.
