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Mantle Recaps Its 2024 and Unveils Ambitious Plans for Next Year
As the curtain closes on 2024, decentralized finance protocol Mantle Network has emerged as a significant player in the blockchain industry. The company’s transformative journey this year is marked by significant advancements, consolidations of tools, and innovative solutions that have catapulted it beyond being just a simple blockchain solution.
The highlight of 2024 was the successful consolidation of its suite of yield-bearing assets, mETH protocol, and Mantle Network, which has enabled the integration of cutting-edge technology with institutional-grade security standards. This fusion has positioned Mantle as an industry leader in providing scalable and secure decentralized financial tools.
Another critical development is the relaunch of the Mantle Scouts Program for its second season. The initiative will once again support projects within the ecosystem by pairing 40 renowned scouts, including notable figures such as Piers Kicks and Guy Young, with a focus on consumer applications, payments, and artificial intelligence. This program aims to foster growth and develop groundbreaking solutions that integrate assets like $FBTC and $AUSD.
Furthermore, Mantle has made significant progress in its technological advancements, integrating Succinct’s SP1 technology. This breakthrough has dramatically enhanced scalability and security, allowing for transaction finality within an hour, a remarkable improvement over traditional blockchain bridging capabilities. The integration also positions Mantle closer to Ethereum Layer 1’s economy by improving asset availability, reducing friction in capital markets, and strengthening system efficiency.
The company has also achieved record-breaking results across various metrics, including a total value locked (TVL) of $2.36 billion and the mETH protocol being established as the fourth-largest liquid staking protocol for ETH. Additionally, assets like $FBTC and $AUSD have expanded opportunities to enter the DeFi market, attracting both retail and institutional users.
The growth has also been bolstered by strategic partnerships through the Mantle EcoFund, which partnered with 20 venture capital firms to identify and support high-impact projects. The community engagement has been strengthened across social media platforms and global events, further solidifying Mantle’s position within the blockchain industry.
As we move into 2025, it is clear that Mantle Network will continue to push the boundaries of innovation and advancement in the space.
Source: crypto-economy.com
