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Mantra price has continued to outperform most cryptocurrencies as demand for Real World Asset (RWA) tokenization increases.
The OM token rose to a record high of $1.2711 on Thursday, even as Bitcoin and other altcoins remained in a bear market.
Mantra, a blockchain network focused on tokenization, saw a surge after a report noted that Blackrock’s BUIDL fund had crossed $500 million in assets just months after its launch. This indicates a growing interest in these assets.
Similarly, Ondo Finance, which operates the US Dollar Yield (USDY) and US Treasuries (OUSG), has added over $556 million in assets. Centrifuge, a Polkadot tokenization platform, has accumulated over $293 million in assets.
Mantra has also made significant strides in its tokenization efforts. Recently, Mantra partnered with MAG, a leading UAE real estate company, to tokenize some of its real estate projects.
This industry is expected to grow rapidly in the coming years. A report published this week estimated the industry was worth $3.8 billion this year and will reach $34 billion by 2034.
Additionally, Mantra’s price has benefited from substantial staking rewards. Data from StakingRewards shows it offers staking rewards of 21.1%. This means that, all factors being equal, a $10,000 investment in the network would yield $2,110 in the first year.
Mantra has the highest yield among the top 20 coins listed by StakingRewards. Other top yielders include Injective (19%), Cosmos Hub (16.7%), and Polkadot (11.4%).
Unlike most altcoins, Mantra does not have any upcoming token unlocks, as all its coins have already been unlocked. Token unlocks can increase volatility and affect staking yields as more tokens are deposited.
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