MANTRA’s RWA Block Chain Protocol’s TVL (Total-Value-Locked) reached its highest annual high despite the 90% prices of OM.
MANTRA tvL increases by 500% with OM’s collisions
According to Data Resource Defillama, MANTRA’s TVL (OM period) as of April 15 has increased to 42.1 million OM (to 22.4 million), which has increased by 500% more than two days ago.
Mantra’s cumulative tvL chart. Source: Defillama.
Interestingly, the rise of TVL plunged more than 90% over the weekend with a dramatic collapse of OM prices. The MANTRA team thought it was sold with “reckless forced liquidation” that started by the centralized exchange.
Increasing TVL indicates that users are generally locking more tokens into smart contracts of protocols through returns or network participation through staying, liquidity pools, loans or agriculture.
The analyst DOM found “aggressive purchase” on the encryption exchange during the 90% OM price crash on April 13, and it was a $ 35 million OM purchase when the collapse of “MANTRA” occurred.
Mantra Total Spot CVD vs. By & Spot Price. Source: DOM
Despite the 90%price conflict, simultaneous tvL spikes and “aggressive purchases” suggest that certain participants have seen the collapse as a purchase opportunity.
The fact that millions of dollars have been deployed during the conflict is that tactical accumulation, perhaps whales, internal or opportunist speculators bet on rebounds or agricultural incentives.
As of April 15, OM’s price was traded at $ 0.99, up 170% at the lowest level of weekend.
OM/USDT daily price chart. Source: TradingView
97%of MANTRA tvL is one DApp
If MANTRA’s TVL increases, it is accompanied by a timely manner.
For example, about 97%of MANTRA’s TVL growth came from Mantra Swap, the default exchange of protocols. The automated market production pool accounted for 4.1 million OM on TVL, which became the main driver of Sharp Uptick.
MANTRA SWAP tvL performance chart. Source: Defillama
The more distributed ecosystem will have greater capital distribution through various liquidity sources such as loan market, staying platform, and derivatives.
relevant: Mantra says that one specific exchange can cause OM collapse.
In addition, as of April 15, MANTRA’s fully diluted evaluation (FDV) is dunbled with a total of $ 32.4 million of $ 1.8 billion.
MANTRA tvl vs. FDV. Source: Defillama
The protocol, which is actively assigned to only 0.17%of theoretical values in the ecosystem, has low capital efficiency and has limited actual usage.
This imbalance is more likely to be more likely to be caused by guess than adoption, and because of the high possibility of a lot of tokens, there is a high risk of dilution in the future when the invested tokens are unlocked.
Analyst JamesBitunix raised MANTRA’s FDV at a great danger to OM DIP buyers.
“Many merchants have jumped into this” floor “.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.