By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoXTimesCryptoXTimes
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Notification Show More
Font ResizerAa
CryptoXTimesCryptoXTimes
Font ResizerAa
  • Home
  • News
  • Cryptocurrency
  • Advertise
  • Contact Us
Search
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Have an existing account? Sign In
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
CryptoXTimes > Article > News > Mantra Leads Top Yielding Cryptos, No Upcoming Token Unlocks
NewsCrypto

Mantra Leads Top Yielding Cryptos, No Upcoming Token Unlocks

Mantra's price soars with high yields, no future token unlocks.

Aima Raza
Last updated: July 12, 2024 10:19 pm
Aima Raza 11 months ago
Share
Mantra Leads Top Yielding Cryptos, No Upcoming Token Unlocks

As more people want to tokenize Real World Assets (RWAs), Mantra’s price keeps going up faster than most cryptocurrency.

On Thursday, the OM token hit a new high of $1.2711, even though Bitcoin and most other cryptocurrencies are still in a deep bear market.

There were gains on the blockchain network Mantra after news came out that Blackrock’s BUIDL fund had more than $500 million in assets just a few months after it opened. This result shows how much people want tokenized assets.

Ondo Finance, which controls US Dollar Yield (USDY) and US Treasuries (OUSG), has also added over $556 million to its assets. Centrifuge, a Polkadot tokenization platform, has also added over $293 million.

Mantra’s Real Estate Partnership

Mantra has also made an abundance of progress in its attempts to tokenize things. A top real estate company in the UAE recently teamed up with $ OM to tokenize some of its real estate deals.

In the next few years, the tokenization business is expected to grow exponentially. A report released this week says that the business is worth $3.8 billion this year and will be worth $34 billion by 2034.

At the same time, significant staking payouts have helped Mantra’s price. It has staking returns of 21.1%, which means that a $10,000 investment in the network would pay off with $2,110 in the first year, according to StakingRewards.

Mantra has the highest yield of the top 20 coins that StakingRewards lists. Cryptocurrencies like Injective (19%), Cosmos Hub (16.7%), and Polkadot (11.4%), which are also high yielders, are on the list. Mantra does not have any future token unlocks like most altcoins do; all of its coins have already been unlocked.

As more tokens are released into the market, token unlocks can have an effect on a cryptocurrency by making it more volatile and changing the staking returns.

You Might Also Like

PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy

Telegram Integrates Elon Musk’s Grok AI in $300M Deal

Berachain Transactions Tumble, Fee Revenues Cut In Half

Trump Media Launches $2.5B Crypto Investment Strategy

$BONK Surges 4% as Breakout Above $0.000021 Nears

TAGGED: Cryptocurrencies, Mantra, OUSG, USDY
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
Previous Article Cardano Readies For Chang Hard Fork Key Conditions Cardano Readies For Chang Hard Fork Key Conditions
Next Article Bitcoin Price Struggles As Long-Term Holders Sell Off Bitcoin Price Struggles As Long-Term Holders Sell Off
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
TwitterFollow
TelegramFollow
LinkedInFollow

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy
PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy
Iceland PM Shifts Energy from Bitcoin to Agriculture
Iceland PM Shifts Energy from Bitcoin to Agriculture
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch

You Might Also Like

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz
Altcoin NewsNews

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz

By Muhammad Ali 4 weeks ago
MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension
CryptoNews

MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension

By Haider Ali 4 weeks ago
XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments
NewsCrypto

XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments

By Nayab Fatima 4 months ago
Shibarium Hits 912M Transactions as SHIB Burn Rate Skyrockets
NewsCrypto

Shibarium Hits 912M Transactions as SHIB Burn Rate Skyrockets

By Rubab Fatima 4 months ago
CryptoXTimesCryptoXTimes
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
  • About Us
  • Careers
  • Privacy Policy
  • Risk Disclaimer
Welcome Back!

Sign in to your account

Lost your password?