In a significant development for the decentralized finance sector, various platforms have announced substantial growth in their total value locked (TVL). A user by the username arisatoyo highlighted that their TVL has just surpassed $20 million and is on the verge of reaching $21 million, with a trading volume nearing $350 million. Manta Network celebrated a new milestone with their TVL reaching $500 million, attributing the success to the support of their community and hinting at on-chain metrics driving adoption. Another update from ether_fi revealed that their TVL crossed the $100 million mark. Manta Network provided a detailed breakdown of their TVL sources, which has now exceeded $700 million, including $554 million in ETH converted to STONE, $120 million in USDC to wUSDM, and $51.3 million in canonically bridged assets. Axel_bitblaze69 commented on the impressive statistics of MantaPacific, a Layer 2 solution, which now ranks third behind $OP and $ARB with a TVL surpassing $700 million.
This stats of $MANTA are truly impressive. This thread by @0xNicky shed light on them and I must admit, I was not aware of them until now. Let me give you a brief summary: MantaPacific, a L2 has surpassed $700M in TVL ranking it 3rd behind $OP & $ARB β’ Key achievements: 1)β¦ https://t.co/joQgOojxFK
The #MantaPacific TVL has reached over $700,000,000 β $554M deposited ETH -> STONE with @Stake_Stone β $120M deposited USDC -> wUSDM with @MountainUSDM β $51.3M in canonically bridged assets Learn more about where this TVL is coming from, and how Manta Pacific is growing π https://t.co/qDonaKIteP
πNew Milestone Unlocked: π± $500M Manta New Paradigm TVL A huge thank you to everyone who's joined and supported us on this journey! π Learn more about the on-chain metrics that are driving adoption in #MantaPacific directly coming in from New Paradigm π https://t.co/7wCo5FnUcE
Here is the recap for this weekπ’ TVL has crossed the important milestone of $100Mπ₯π https://t.co/8wL5K9gLGT π§΅1/9
AND our TVL just surpassed 20M, about to be 21M! π Trading Volume almost at 350M β¨ https://t.co/JUHgeyPeKv