Buoyant ultramafic-rich (serpentine- or chlorite-rich) mélange diapirs in sediment-starved subduction zones can transport slab material to arc sources. While the buoyancy of chlorite-rich mélanges was previously investigated, serpentine-rich mélanges were never explored. Thus, the overall contribution of ultramafic-rich mélanges to buoyancy, the conditions for diapir formation, and their fate in subduction zones are not well constrained. Here, we investigate the partial melting behavior and the associated density transformations of a serpentine-rich matrix (5–10 wt.% H2O) with minor sediments (9:1 ratio) at fore-arc (∼65 km) to sub-arc (∼95 km) depths (2–3 GPa and 800–1250 °C) and compare to that of chlorite-rich mélanges from the literature. Our results show that the solidus of serpentine-rich matrices is between 1050 and 1100 °C and requires either diapiric rise of the mélange into the hotter mantle wedge or interactions with a hotter asthenosphere through slab tears to partially melt and produce basaltic melts, whether in hot or cold slab channels. Chlorite-rich mélanges may account for the sources of some arc lavas, but partial melting of serpentine-rich mélanges produce melts depleted in CaO, TiO2, alkalis, and are highly enriched in MgO compared to basaltic arc lavas. Both serpentine-rich and chlorite-rich matrices dehydrate to form denser peridotite and lose buoyancy at ∼800 °C and ≥1000 °C, respectively. Even if diapirism initiates in such mélanges near the slab-mantle interface, they would likely lose buoyancy upon ascent into the hotter mantle wedge resulting in stalled or failed diapirs. Diapir growth (τa) is controlled by the interplay of density, thickness and viscosity of the mélange, as well as the timescale of slab subduction (τs) and thermal structure of the subduction zone. We observe that the onset of diapirs in cold subduction zones requires mélanges that may sometimes be thicker than that observed by field and geophysical studies, while hot subduction zones overall require thinner mélanges. Thus, ultramafic-rich mélange diapirs may occur but only under specific conditions and when the diapiric ascent timescale is faster than the thermal equilibration barrier of ∼800–1000 °C (especially at the core of the mélange). Dehydration or partial melting of ultramafic-rich mélanges can affect the large ion lithophile element (LILE), volatiles, and high-field strength element (HFSE) budgets in the mantle wedge. Partial melting (caused by a diapiric rise or slab tear) does not fractionate LILEs from HFSEs at T ≥ 1100 °C and if the mélange has a lower LILE/HFSE to begin with, that signature is transferred to arc sources. Dehydration releases aqueous fluids rich in fluid-mobile elements (LILE and volatiles) relative to HFSE. Thus, the characteristic high LILE/HFSE signature of aqueous fluids is transferred to arc magma sources. Given high LILE/HFSE ratio is a ubiquitous arc magma signature, but slab tears are not, and diapirism in ultramafic-rich mélanges is highly conditional, this study corroborates that aqueous fluids released from sediment-starved mélanges are the predominant mass transfer agents rather than diapirs.