Mantle’s total deposits and loans on Aave surpass $1.34 billion, ranking third globally
Summary
- Mantle said it posted $1.34 billion in total deposits and loans on Aave, reaching the third-largest scale globally.
- It said the performance is an indicator that, driven by the activation of USDT0-centric stablecoin pools, Mantle is establishing itself as a key liquidity hub within the DeFi ecosystem.
- Mantle added that it plans to continuously expand its role as on-chain financial infrastructure where DeFi and real-world asset (RWA) capital converge.
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Mantle (MNT), an Ethereum (ETH) Layer 2 network, said on the 20th that it recorded the world’s third-largest total deposits and loans on the decentralized finance (DeFi) protocol Aave (AAVE).
Mantle logged $1.34 billion in total deposits and loans on Aave, the third-largest figure after Plasma and Ethereum.
The achievement is seen as being underpinned by the activation of stablecoin pools centered on USDT0—crypto assets whose value is pegged to fiat currencies. Mantle said, “This performance is an indicator that Mantle is establishing itself as a key liquidity hub within the DeFi ecosystem.”
It added, “Building on this performance, we plan to continuously expand our role as an on-chain financial infrastructure where DeFi and real-world asset (RWA) capital converge.”
Uk Jin
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