As part of our commitment to transparency and institutional-grade asset solutions, we are pleased to share our May 2026 report with Bybit, providing a baseline view of aggregated mETH holdings associated with the platform.
Holdings Snapshot: May 2026
User-associated balances are presented for transparency and do not imply deployment strategy, product usage, or behavioural intent.
Bybit mETH Holdings
- mETH held on user-associated wallets, as of May 31: 104,307 mETH
- Month-over-month change: (Apr. 30 → May 31): -5.04%
- Peak user-associated balance during May: 115,467 mETH
- mETH minted during May: 29,649 mETH
- mETH redeemed during May: 4,857 mETH
- Net mint/redeem activity during May: +24,792 mETH
Note: Mint/redeem activity tracks how much mETH users minted or redeemed during May. End-of-month holdings can still decrease if users transferred 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.