Gate News Report: As of March 23rd, according to DeFiLlama data, Mantle DeFi TVL has exceeded $755 million, with growth exceeding 230% over six months. Data shows that Mantle has surpassed multiple mainstream networks including Avalanche and Sui in terms of total DeFi locked value.
Gate News reported that as of March 20, Aave V3 has experienced continuous and rapid market growth since its launch on the Mantle mainnet on February 11. Data shows that the market size exceeded $400 million in the first week, broke through $550 million in the second week, and surpassed $1 billion in the third week. To date, the total market size of Aave on Mantle has exceeded $1.34 billion, becoming the third-largest lending market on the Aave platform, and continues to maintain its growth momentum.
Gate News reported that on March 17, Mantle Vault has completed integration on Mantle Network, which is powered by AAVE and CIAN Protocol. This integration enables direct flow of CeFi liquidity to yield opportunities on the Mantle chain.