Mantle's Agni Decentralized Exchange Witnesses All-Time High $171 Million TVL During cmETH's Release
In the dynamic world of decentralized finance (DeFi), Agni Finance, a leading platform on the Mantle network, has recently achieved a significant milestone. On October 31, the total value locked (TVL) of Agni Finance surpassed the $171 million mark, setting a new record high. This growth can be attributed, in part, to the launch of cmETH, a liquid restaking token (LRT) representing mETH staked across various platforms like EigenLayer, Symbiotic, and Karak.
The Metamorphosis campaign, which began on July 1, focused on mETH, a liquid staking token representing Ethereum staked through mETH Protocol on the Mantle network. The campaign's second season, which commenced in October, saw the introduction of cmETH. On October 29, cmETH was launched on Agni, attracting over $26 million in token deposits across its pools. This launch day marked a significant increase in cmETH's presence on the platform, leading to the platform experiencing its second-highest day for USD inflows on October 30.
Prior to the launch of cmETH, Agni Finance's TVL had touched the $160 million mark at the end of July but declined until the beginning of October, breaking below $90 million. The DEX's pool value has almost doubled within a month, indicating a positive response from token holders to the introduction of cmETH.
Trading volume on Agni has been recovering at the end of October, but it is still lower than the figures seen during July, when Season 1 of the Metamorphosis campaign launched. This suggests that while the launch of cmETH has contributed to the growth of Agni Finance, other factors may also be at play.
Agni Finance is an active platform for trading Mantle Bridged USDe (Mantle), with the most active trading pair being USDE/CMETH on Agni Finance as of June 2025. This integration of cmETH into Agni Finance's trading ecosystem and its involvement in significant trading activity further underscores the token's importance within the platform.
However, a comprehensive analysis of Agni Finance’s growth metrics or the quantitative impact of cmETH's launch requires more detailed insights, such as historical growth metrics, comparative trading volumes before and after cmETH launch, or explicit data on TVL changes post-launch. For such information, specialized blockchain analytics platforms or Agni Finance’s own reports and dashboards would be recommended sources to consult.
- The launch of cmETH on Agni Finance has undoubtedly been one of the best pieces of news for the platform, as it attracted over $26 million in token deposits and led to a significant increase in TVL, surpassing the $171 million mark.
- In the realm of technology and finance, the introduction of cmETH into Agni Finance's trading ecosystem has been a strategic move that has contributed to the best performance in investing, with the platform experiencing its second-highest day for USD inflows on October 30.
