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Altcoin formed a partnership with the project BlackRock collaborates with, increased by 40%!
The layer-1 blockchain focusing on real-world assets, Mantra (OM), has risen with its partnership with Ondo Finance.
On May 31st, MANTRA introduced an off-chain product supported by Ondo's USDY, introducing a real-world asset staking program. Since that date, the OM price has shown a significant bullish performance.
With the announcement of this partnership, OM saw a 30% increase in staking amount. This increase also led to price increases. According to CoinGecko data, OM, which was trading at $0.87, currently has over 200 million tokens staked.
In the newly announced staking scope, OM investors can earn a bonus of up to 35% more than normal until the mainnet launch of Mantra Chain.
According to CoinGecko data, the price of OM increased along with the demand for staked amount after the announcement. OM, which was at $0.679 on May 31st when the announcement was made, reached $0.947 with a 40% increase.
Ondo Finance experienced a significant rise with the start of testing the tool that allows instant swapping between the USDC issued by Circle and BlackRock's BUIDL token in April.
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