Mantle Network Leads L2 Rankings in Q1, According to Messari Report
Following the release of its Q1 2025 report on X, Mantle Network showcased notable advancements and performance shifts. Compiled by Messari, the report emphasizes Mantle's position within the competitive protocol landscape.
Despite a 36.6% decrease in market capitalization, Mantle displayed superiority over Ethereum's 46% drop, with the market cap settling at $2.7 billion by the quarter's end. Network throughput rose to 15 MB/s, enhancing data availability and decentralization. Over 163,000 mETH tokens were secured through restaking measures, aimed at bolstering network security and encouraging participation from token holders.
User activity indicator showed a decline during the quarter. Daily active addresses dropped by 19.6%, while average daily transactions decreased by 2.7%. These figures suggested decreased user engagement, with initiatives like the Mantle Rewards Station, Methamorphosis Season 3, EcoGalaxy: Mantle Surge, and Kaito's Yapper Leaderboard serving to maintain user interest despite the decline.
Mantle's total value locked (TVL) exhibited a 27.8% increase between November and December 2024, mainly attributed to increased usage of DeFi offerings on the network. The mETH Protocol, introduced as a key liquid staking solution in its first year, ranked 4th among all Ethereum liquid staking tokens by TVL, securing $709.7 million in Q1 2025.
Mantle's integration of EigenDA led to a significant boost in data availability node count, expanding from 10 to over 200. This increase in nodes reduced operator concentration and improved overall network uptime reliability. Throughput capacity increased to 15 MB/s, far surpassing Ethereum's limit of 0.0625 MB/s.
To enhance network scalability and reliability, incentive programs such as the Mantle Rewards Station, Methamorphosis Season 3, EcoGalaxy: Mantle Surge, and Kaito's Yapper Leaderboard were implemented. These campaigns served to keep engagement steady amid market activity declines, contributing to maintaining network usage levels during the downturn.
The network's focus on future growth moves forward with plans to extend modular finance features across its ecosystem. Liquid staking services are intended to offer users flexible yield generation options in response to market volatility and uncertainty. Q1 results indicate strategic actions aimed at supporting scalability and performance needs as Mantle positions itself for further engagement in evolving decentralized markets.
- Despite a decrease in market capitalization, Mantle Network demonstrated superiority over Ethereum's drop, with a market cap of $2.7 billion by the end of the quarter.
- Network throughput rose to 15 MB/s, enhancing data availability and decentralization.
- Over 163,000 mETH tokens were secured through restaking measures, aimed at bolstering network security and encouraging participation from token holders.
- Mantle's total value locked (TVL) exhibited a 27.8% increase, mainly attributed to increased usage of DeFi offerings on the network.
- The mETH Protocol, introduced as a key liquid staking solution in its first year, ranked 4th among all Ethereum liquid staking tokens by TVL.
- To enhance network scalability and reliability, incentive programs like the Mantle Rewards Station, Methamorphosis Season 3, EcoGalaxy: Mantle Surge, and Kaito's Yapper Leaderboard were implemented.
- The network's focus is on future growth, with plans to extend modular finance features across its ecosystem, offering users flexible yield generation options in response to market volatility and uncertainty.
