Q4 2025 on Mantle, we'll let the numbers do the talking.
As documented by
@MessariCrypto, here's what each builder shipped across the ecosystem:
@MantleIndexFour activated $205M treasury deployment, lifting Mantle DeFi TVL 37.3% QoQ to $332.7M, closing Q4 with $173M AUM.
@MerchantMoe_xyz held its ground as Mantle's largest DEX: $61.6M TVL, $162.2M in 30-day volume, and $5B cumulative volume crossed.
@Agnidex strengthened its spot trading and concentrated liquidity on Mantle, maintaining a $37.9M TVL with $80.1M 30-day volume.
@ethena's USDe reached $122.6M market cap on Mantle, cementing its place as the dominant yield-bearing stablecoin in the ecosystem.
@SuccinctLabs powered Mantle’s transition to a ZK roll up via SP1 zkVM, reinforcing Mantle’s RWA-ready distribution infrastructure.
@USDT0_to positioned Mantle as the first exchanged-related network to enable low-cost stablecoin settlement between
@Bybit_Official and DeFi.
@Bybit_Official drove Mantle’s distribution layer by routing CeFi liquidity into RWAs, staking, and onchain yield products.
@mETHProtocol shipped the Buffer Pool upgrade, routing ~20% TVL to Aave and targeting sub-24h ETH redemptions.
@UR_global delivered compliant fiat off-ramps paired with self-custodial crypto flows on Mantle.
@FunctionBTC unlocked Bitcoin capital efficiency on Mantle through FBTC-backed lending and DeFi composability.
@InitCapital_ held $10.1M TVL with $2.0M outstanding borrows, supporting leverage and liquidity hooks.
@lendlexyz sustained $10.1M TVL and $1.46M outstanding borrows, anchoring Mantle’s money market layer.
@withAUSD 's AUSD held $5.2M market cap, expanding regulated, yield-enabled stablecoin exposure on Mantle.
@CIAN_protocol structured market-neutral stablecoin yield through Mantle Vault automation.
@Fluxion_network bootstrapped native liquidity for emerging assets on Mantle.
@printr expanded cultural and community entry points on Mantle through memecoin launches.
All of it, moving through one ecosystem via the distribution layer.
Mantle is where real-world finance flows.