TL;DR
- Mantle closed 2024 with a record TVL of $2.36 billion and established the mETH protocol as the fourth-largest liquid staking protocol for ETH.
- The Scouts Program will return in 2025 with 40 scouts, driving projects focused on consumer, payments, and artificial intelligence applications.
- The integration of Succinct’s SP1 improved scalability and security, achieving transaction finality in under an hour and aligning closer with Ethereum’s economy.
Mantle, an ecosystem focused on decentralized finance, concludes 2024 with significant advancements and a repositioning within the blockchain industry.
This year was transformative for the protocol, thanks to the consolidation of its tools: Mantle Network, the mETH protocol, and its suite of yield-bearing assets. These developments have taken the platform far beyond being a simple blockchain solution, integrating cutting-edge technology with institutional-grade security standards.
Among the most important announcements for 2025 is the return of the Mantle Scouts Program for its second season. This program, designed to support projects within the ecosystem, will feature 40 renowned scouts, including industry leaders such as Piers Kicks and Guy Young. With a focus on consumer applications, payments, and artificial intelligence, this initiative aims to foster growth and develop disruptive applications, supporting solutions that integrate assets like $FBTC and $AUSD.
Mantle’s Outstanding Achievements
Another critical development is the integration of Succinct’s SP1 technology, which significantly enhances Mantle’s scalability and security. This tool enables transaction finality in under an hour, a remarkable improvement over traditional blockchain bridging capabilities. Additionally, it positions Mantle closer to Ethereum Layer 1’s economy by improving asset availability, reducing friction in capital markets, and strengthening system efficiency.
2024 also delivered record-breaking results in several metrics. A total value locked (TVL) of $2.36 billion was achieved. The mETH protocol, launched just over a year ago, was established as the fourth-largest liquid staking protocol for ETH. Meanwhile, assets like $FBTC and $AUSD expanded opportunities to enter the DeFi market, attracting both retail and institutional users.
Furthermore, the ecosystem’s growth was bolstered by strategic partnerships through the Mantle EcoFund, which joined forces with 20 venture capital firms to identify and support high-impact projects. Meanwhile, community engagement was strengthened with an expansion across social media and global events
