Mantle has become one of the fastest growing L2s of 2026.

TVL has climbed from around $135M to a $682M all-time high.

The catalyst was Aave's deployment paired with an 8M MNT incentive program from Mantle. Demand has been deep enough that supply caps have been raised repeatedly on Mantle markets.

Every major exchange has talked about bridging users into DeFi for years. Mantle and Bybit are aiming to make this happen end to end.

If the capital stays once the rewards end, Mantle could be the proof case for turning exchange users into onchain users at scale.

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