Altcoin Established a Partnership with BlackRock's Collaboration Project, Increased by 40 Percent!

Mantra (OM), a layer-1 blockchain focused on real-world assets, is on the rise after partnering with Ondo Finance.

On May 31, MANTRA introduced its off-chain real-world asset staking program powered by Ondo's USDY. Since then, OM price has shown a great upward performance.

With the announcement of the partnership in question, OM saw a 30% increase in the amount of staking. Parallel to this increase, prices also increased. According to CoinGecko data, more than 200 million tokens are currently staked in OM, which is traded at $0.87.

Within the scope of the newly announced staking, OM investors can earn 35% more bonuses than usual until the mainnet of Mantra Chain is launched.

According to CoinGecko data, the OM price increased with the demand for the staking amount after the announcement. OM, which was at $0.679 on May 31, when the announcement was made, reached $0.947 with a 40% increase.

Ondo Finance experienced a huge rise in April when it began testing its tool that allows instant exchanges between USDC issued by Circle and BlackRock's BUIDL token.