Bybit's Mantle Vault Hits $150M TVL in First Month

Edgen Crypto

·Feb 04 2026, 10:12

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Key Takeaways

Bybit's on-chain asset management product, Mantle Vault, has rapidly accumulated over $150 million in Total Value Locked (TVL) since its late December launch. This growth highlights strong market demand for structured stablecoin yield strategies and is poised to enhance the broader Mantle ecosystem.

Bybit's Mantle Vault surpassed $150 million in TVL within one month of its launch.
The on-chain asset management product was introduced on December 22nd.
The vault's rapid uptake signals strong user demand for market-neutral stablecoin yield products.

Mantle Vault Secures $150M Since December 22 Launch

Bybit's on-chain asset management product, Mantle Vault, has exceeded $150 million in Total Value Locked (TVL) less than a month after its debut. Launched on December 22nd, the vault's rapid accumulation of assets demonstrates significant initial traction and user trust in the new offering.

Stablecoin Yield Demand Boosts Mantle Ecosystem

The vault's success points to a robust appetite among market participants for structured stablecoin products that offer yield. Mantle Vault focuses on market-neutral strategies for USDT, providing a source of returns insulated from directional market volatility. This rapid capital inflow serves as a strong validation of its product-market fit.

The growth in assets under management is expected to directly benefit the Bybit and Mantle ecosystems. Increased liquidity within the vault can drive more utility and value for the native MNT token while attracting more capital and users to the platform, creating a positive feedback loop for ecosystem expansion.