As part of our commitment to transparency and institutional-grade asset solutions, we are pleased to share our February 2026 report with Bybit, providing a baseline view of aggregated mETH holdings associated with the platform.
Following the conclusion of our On-Chain Earn campaign, which generated ~$250M in newly minted volume during the event period, balances continued to demonstrate strong retention with positive month-over-month growth. During February, total holdings peaked at 149,615 mETH across all user-associated wallets.
More details below.
Holdings Snapshot: February 2026
User-associated balances are presented for transparency and do not imply deployment strategy, product usage, or behavioral intent.
Bybit Users mETH Holdings
- mETH held on user-associated wallets, as of Feb. 28: 149,615 mETH
- Month-over-month change (Jan. 31 → Feb. 28): +2.01%
- Peak user-associated balance during February: 149,935 mETH
- Gross inflows (total) during February: 13,164 mETH
- Gross outflows (total) during February: 1,525 mETH
- Net flow during February: +11,639 mETH
This publication presents a February snapshot of mETH holdings associated with Bybit. Subsequent editions will maintain the same reporting framework to ensure consistency over time.
About mETH Protocol
mETH Protocol is a vertically integrated liquid staking and restaking protocol incubated by Mantle, operating at the intersection of DeFi composability and institutional-grade ETH yield access. With a peak total value locked (TVL) of $2.19 billion achieved within its first year, mETH Protocol is supported by leading validator and custody partners, including Kraken Staked, P2P, OSL, and Copper. The protocol is embedded across over 40+ leading DeFi and exchange platforms such as Bybit, Ethena, and more, whilst incorporated in treasury frameworks for DAOs and corporates as a core liquidity and yield layer.