According to BlockBeats, the OLM token experienced a significant surge of over 45% within 24 hours on July 2nd, with a temporary report of $0.0353. This surge coincided with the introduction of a staking feature by ORA, which has seen its Total Value Locked (TVL) break through the $5 million mark.
The staking feature includes 100 million OLM tokens. Users who participate in staking their assets can earn ORA points. The introduction of this feature and the subsequent surge in the value of OLM tokens highlights the potential impact of staking features on token value.
The staking feature allows users to lock their tokens in a cryptocurrency network, earning rewards in the process. This new feature by ORA has not only increased the value of OLM tokens but also increased the total value locked in the network, indicating a positive response from the users.