Mantra TVL Soars 500%, Driven by OM Token Buy-In After Price Crash

Following a dramatic 93% price plunge of the MANTRA (OM) token, Mantra’s RWA-focused blockchain protocol has experienced a remarkable surge in Total Value Locked (TVL). Over 500% growth was recorded within just two days. This surge is attributed to investors buying OM tokens at discounted prices and subsequently staking them on the protocol for rewards. Source: DeFillama reports show that the TVL reached $3.24 million, exceeding 4.21 million OM in a sudden spike.