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Mantle TVL Exceeds $450 Million Following Aave Partnership Launch

According to DeFiLlama, Mantle’s total value locked jumped significantly within a week of its integration with lending protocol Aave.

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Summary

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Terms & Concepts
  • Total Value Locked (TVL): The total value of assets deposited in a decentralized finance (DeFi) protocol, measured in cryptocurrency or USD terms.
  • Aave: A decentralized lending protocol allowing users to borrow and lend cryptocurrencies without intermediaries, using smart contracts (self-executing blockchain code).
  • DeFiLlama: A data aggregation platform tracking decentralized finance metrics, including TVL and protocol usage statistics.