As part of our commitment to transparency and institutional-grade asset solutions, we are pleased to share our March 2026 report with Mantle, providing a baseline view of aggregated mETH holdings associated with the ecosystem.
mETH and cmETH activity remained steady through March, as tracked on our Dune Dashboard. Total ecosystem holdings peaked at 268,613 mETH across user-associated wallets, with 264,982 held by month-end.
More details below.
Onchain Snapshot: March 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 Treasury
This section reflects mETH balances held across wallets designated as Mantle Treasury addresses.
- mETH held onchain as of Mar. 31 (treasury-associated wallets): 6,054
- Month-over-month change from Mar. 1 to Mar. 31: ↑3.4%
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 Mar. 31 (user-associated wallets): 264,982
- Month-over-month change (Mar. 1 > Mar. 31): ↓1.34%
- Peak ecosystem balance during March: 268,613
- Gross inflows (total): 2,261
- Gross outflows (total): 5,860
- Net flow: ↓3,598
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.