Mantle Network Hits $40M TVL, Launches $200M Fund for Ethereum L2 Apps!

The post Mantle Network Hits $40M TVL, Launches $200M Fund for Ethereum L2 Apps! appeared first on Coinpedia Fintech News

Mantle Network, a Layer 2 blockchain network on Ethereum, has surpassed $40 million in total value locked (TVL), driven by its decentralized exchange Agni Finance, which has seen its TVL surpass $23 million and cumulative trading volume reach $53.6 million. The network has also seen an influx of assets from the Ethereum bridge, with around 5,000 unique addresses bridging nearly $56 million from Ethereum to Mantle. To further support growth, Mantle’s DAO-led ecosystem has approved a $200 million fund to fund early-stage apps on Ethereum Layer 2.