Mantle surpasses $1B TVL as tokenized equities fuel H1 2026 growth

Mantle surpassed $1 billion in on-chain DeFi total value locked by end-June, expanding to 155 tokenized equities and becoming the fastest Aave market to reach that milestone, data provider Artemis showed.

"The future will not be defined by who tokenizes the most assets, but by who builds the markets around them," Emily Bao, Key Advisor at Mantle, said.

The network's DeFi TVL grew 230% during the first half, while its stablecoin market capitalization reached $955 million, up 120% year-on-year. Mantle Vault, powered by CIAN Protocol, surpassed $200 million in assets under management as institutional liquidity flowed into DeFi through Aave. The network also listed tokenized SpaceX shares (SPCXx) and Franklin Templeton's tokenized US Equity Index ETF (USPXx).

Mantle plans to broaden its range of tokenized equities, ETFs and funds in the second half, including products issued natively on the network, while extending its infrastructure to autonomous agents capable of participating directly in financial markets.

From Tokenization to Capital Markets

Mantle spent the first half of 2026 assembling an integrated capital markets stack. The foundation came in April with xStocks by Backed, bringing 10 tokenized US equities to Mantle for 24/7 trading via Fluxion. In May, xChange introduced issuer-direct execution through Atomic RFQ, and by June, xPoints added an incentive layer for traders, holders and liquidity providers, completing the core market stack from issuance through redemption.

The network's RWA DeFi TVL reached $90 million, supported by deeper stablecoin liquidity that enabled lending, trading and yield across the ecosystem. Mantle's partnerships with issuers including Ethena USDe and Ondo USDY helped bridge traditional finance with on-chain capital.

Setting the Foundation for Agentic Finance

Mantle also expanded its AI infrastructure across identity, payments, commerce and developer tooling. An x402 facilitator built with Questflow introduced native agent-to-agent payments. ERC-8004 established portable on-chain identity and reputation for AI agents, while ERC-8183, launched alongside Virtuals Protocol, introduced an open standard for trustless agent commerce. The network's Turing Test Hackathon drew more than 500 submissions, evaluated by Animoca Brands, Nansen, Hashed, Tencent Cloud, DoraHacks and Virtuals Protocol.

This article is for informational purposes only and does not constitute investment advice.