Wu says that according to DeFiLlama data, since mid-February, Mantle's TVL has experienced significant fluctuations, soaring from $255 million in mid-February to over $1 billion on March 9. However, in the past 2 days, its TVL has dropped sharply to just above $700 million. The main reasons may be related to the launch of Aave v3 on Mantle in early February and GHO incentives, which attracted some DeFi farmers to mine on the Mantle chain.