As part of our commitment to transparency and institutional-grade asset solutions, we are pleased to share our July 2026 report with Bybit, providing a baseline view of aggregated mETH holdings associated with the platform.
Holdings Snapshot: July 2026
User-associated balances are presented for transparency and do not imply deployment strategy, product usage, or behavioral intent.
Bybit mETH Holdings
- mETH held on user-associated wallets, as of July 31: 117,817 mETH
- Month-over-month change: (June 30 → July 31): +2.88%
- Peak user-associated balance during July: 139,214 mETH
- mETH minted during July: 27,400 mETH
- mETH redeemed during July: 2,672 mETH
- Net mint/redeem activity during July: +24,729 mETH
Note: Mint/redeem activity tracks how much mETH users minted or redeemed during June. End-of-month holdings can still decrease if users transfer mETH out after minting.
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.