June marked Mantle's breakout moment.
The tokenized version of SpaceX launched on Mantle the same day as its historic IPO, making Mantle one of the first networks to offer immediate onchain access to one of the world's most sought-after listings.
Shortly after, Franklin Templeton brought its $2 billion U.S. Equity Index ETF ($USPXx) onchain.
By the end of the month:
🕊️Mantle supported 155 tokenized equities trading 24/7.
🕊️DeFi TVL surpassed $1 billion, up 230% in H1.
🕊️Stablecoin market cap reached an all-time high of $955 million.
🕊️RWA DeFi TVL exceeded $90 million.
🕊️Mantle Vault remained above $200 million.
The network had evolved into an ecosystem where stablecoins, tokenized equities, and institutional capital formed the core of onchain activity.
July: From Experiment to Global Leader
Mantle continued onboarding major listings at the pace of traditional markets.
Within roughly a month, the network added:
🕊️Franklin Templeton's USPXx ETF.
🕊️Bending Spoons ($BSPx).
🕊️SK Hynix ($SKHYx), one of the largest beneficiaries of the AI boom.
All assets became tradable instantly through Fluxion with Atomic RFQ execution and xPoints incentives.
The market increasingly recognized Mantle's leadership position.
Today:
🕊️Mantle hosts $116.4 million in active tokenized strategies.
🕊️It ranks as the third-largest chain globally for tokenized asset strategies.
Many ecosystems can list RWAs. Far fewer can attract institutional capital, provide liquidity, and keep those assets productive once they arrive.
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🔖Bottom Line
Mantle's advantage is that it built the infrastructure required to make tokenized assets functional.
The network now combines treasury-backed liquidity, institutional-grade execution, Bybit distribution, DeFi composability, and a complete trading stack for tokenized assets.
Its 2026 milestones tell the story:
🕊️The fastest-growing Aave market launch.
🕊️Same-day tokenization of the largest IPO in history.
🕊️ Over 150 tokenized equities trading around the clock.
🕊️ More than $1 billion in DeFi TVL.
As tokenized assets scale from billions to trillions of dollars, the winners will not be the chains that simply host RWAs, they will be the chains that make them liquid, productive, and globally accessible.
And right now, Mantle is making a strong case that it intends to be that chain.