In the first quarter of 2025, Manta Network's market capitalization fell by 70.3% to 91.70 million USD, and the MANTA token price dropped by 72% to 0.22 USD. Despite a reduction in overall activity, protocol revenue increased by 19.1% quarter-on-quarter to 252,600 USD, ending three consecutive quarters of decline. The total value locked (TVL) in DeFi decreased by 73% to 17.50 million USD, while the stablecoin market capitalization fell by 7.3% to 11.20 million USD. Manta Pacific integrated Symbiotic and Babylon, launched a dual-layer rapid settlement system, and announced the deprecation of Manta Atlantic, focusing operations on Manta Pacific. CeDeFi maintained a TVL of 117.70 million USD, with the ecosystem continuing to grow, launching the Trophy Room, and integrating with DAR ID and Entangle.

MANTA

In Q1 2025, Manta Network’s market cap fell 70.3% to $91.7 million, while MANTA’s price declined 72% to $0.22. Despite a broader drop in activity, protocol revenue rose 19.1% QoQ to $252,600, reversing a three-quarter decline. DeFi TVL dropped 73% to $17.5 million, and stablecoin market cap fell 7.3% to $11.2 million. Manta Pacific integrated Symbiotic and Babylon to launch a dual-layer fast finality system, and the team announced the deprecation of Manta Atlantic, consolidating operations on Manta Pacific. CeDeFi maintained $117.7 million in TVL, and ecosystem growth continued with the launch of the Trophy Room and integrations with DAR ID and Entangle.

Manta Network Market Performance and Ecosystem Development Report for Q1 2025