As part of our commitment to transparency and institutional-grade asset solutions, we are pleased to share our February 2026 report with Mantle, providing a baseline view of aggregated mETH holdings associated with the ecosystem.
The network kicked off the month with strong weekly trading volumes, largely driven by mETH/cmETH pairs as tracked on our Dune Dashboard. During February, total holdings peaked at 269,940 mETH across all user-associated wallets.
More details below.
Onchain Snapshot: February 2026
All figures are derived from publicly verifiable onchain data. User-associated balances are presented separately for transparency and do not imply deployment strategy, product usage, or behavioural intent.
Mantle Ecosystem Onchain Activity
Ecosystem balances represent aggregated mETH held across onchain addresses interacting within the Mantle Ecosystem. Figures are not attributed to individual protocols or applications.
- mETH held onchain as of Feb. 28 (user-associated wallets): 268,413
- Month-over-month change (Feb. 1 > Feb. 28): ↑3.1%
- Peak ecosystem balance during January: 269,940
- Gross inflows (total): 15,706
- Gross outflows (total): 6,327
- Net flow: +9,378
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.