Mantle Q1 2026 DeFi TVL hits record high of 648 millions

Mantle Q1 2026 DeFi TVL grew by 282.7% to 648 million USD, with Aave V3 expanding from zero to 547 million USD. RWA TVL increased by 27.4% to 248 million USD, mainly driven by the launch of Maple's syrupUSDT and xStocks. Mantle Vault TVL reached 221 million USD in the first quarter. Mantle Treasury decreased by 25.1% to 2.4 billion USD, and through a 127 million USD MI4 position, reduced MNT concentration from 94.3% to 90%. 87% of activity came from returning addresses, with average transactions per address rising from 8.4 to 14.7.