Mantra (OM) price hit an all-time high of $1.2711 on Thursday, driven by rising demand for Real World Asset (RWA) tokenization. This surge comes as Bitcoin and other altcoins remain in a deep bear market.
Mantra, a blockchain network focused on tokenization, saw a boost after Blackrock’s BUIDL fund surpassed $500 million in assets. Ondo Finance and Centrifuge also reported significant asset increases, indicating strong demand for RWA tokenization.
Mantra’s recent partnership with UAE real estate giant MAG aims to tokenize real estate projects, a market expected to grow from $3.8 billion in 2023 to $34 billion by 2034. Additionally, Mantra offers substantial staking rewards of 21.1%, the highest among the top 20 coins.
Unlike other altcoins, Mantra has no upcoming token unlocks, reducing volatility and enhancing staking yields. This positions Mantra strategically for long-term growth in the rapidly expanding tokenization industry.
