Mantle has built tokenized stock infrastructure since 2023 with 255M transactions and $25.7B DEX volume, positioning itself ahead of newer RWA entrants.
DeFi & Yields ·
Mantle has accumulated 255 million transactions and $25.7 billion in decentralized exchange volume since 2023 while building infrastructure for tokenized equities, establishing an operational head start as the sector gains attention. The platform routes trades through xChange's request-for-quote mechanism paired with automated market maker liquidity from Fluxion, allowing participants to access the best available price across both channels. Transaction fees remain stable and fixed by design, insulated from Ethereum gas volatility—a structural advantage highlighted during recent demand spikes for tokenized stock products.
The infrastructure has evolved to support 24/7 onchain trading and settlement across jurisdictions, with more than half of tokenized equity value having emerged over the past year according to Mantle. xChange's atomic RFQ capability and Fluxion's liquidity layer form the backbone of this expansion. However, what remains unclear is whether Mantle's early volume translates to durable market share as newer entrants introduce competing designs, and whether the current growth trajectory of tokenized equities proves sustainable beyond cyclical narrative cycles.