Mantle (MNT) Leads DeFi Treasuries with $4.025 Billion in Assets
Mantle (#MNT) has become the leading project in decentralized finance (DeFi) treasury rankings, with total assets of $4.025 billion. Key details include:
- Approximately $3.792 billion in Mantle’s native tokens
- Stablecoins account for $17.93 million
- Contribution from major cryptocurrencies: $56.41 million from Bitcoin and Ethereum
- $159.27 million allocated to other assets
In comparison, Uniswap holds $3.731 billion, and Ethereum Name Service (ENS) has $1.771 billion.
Mantle’s Strategic Developments
Mantle’s treasury growth indicates a focus on long-term sustainability, supporting staking programs and liquidity provision. Recent developments include:
- Completion of the Skadi Hard Fork upgrade, aligned with Ethereum’s Prague upgrade
- Launch of the MI4 tokenized index fund, seeded with up to $400 million from its treasury
Investor Implications
Mantle's initiatives enhance the value proposition of MNT, providing governance rights and staking opportunities. Currently, MNT trades at around $1.17 with a market cap of $3.83 billion, reflecting a 50% price surge in August.