Binance Enters Mantra Validators, Yet OM Price Remains Uncertain
Binance has officially joined the ranks of Mantra validators, aligning itself with renowned industry leaders such as Nansen, Google Cloud, Twinstake, and Hex Trust.
Summary
- Binance’s inclusion as a validator enhances the decentralization of governance and security within the Mantra network.
- This announcement follows a collaboration with Inveniam to broaden Mantra’s institutional real-world asset (RWA) ecosystem.
- Despite the expanding partnerships, the OM token is still trading below $0.40, although there are early indicators of a possible price reversal.
Mantra (OM) has welcomed Binance to its mainnet validator set, marking a significant step towards improving the network’s security and decentralizing governance. Through this partnership, users can benefit from attractive incentives, such as up to 29.9% APR rewards on OM locked products via Binance Simple Earn, available until the end of August.
This collaboration is part of MANTRA’s initiative to diversify its validator pool by transitioning away from internal validators and collaborating with reputable external partners. Binance now stands among top Mantra validators, including Nansen, Google Cloud, Twinstake, and Hex Trust.
This strategic move follows a major partnership announcement between Mantra and Inveniam, aiming to establish a global institutional RWA ecosystem centered in the UAE and U.S.
Mantra persists in forging partnerships amidst price challenges
Even with the addition of Binance—the largest crypto exchange globally by trading volume—Mantra’s native token OM has experienced a 10% decline in the past 24 hours, trading at approximately $0.26. The token remains in a continuous downtrend after a sharp 90% crash on April 13, although there are early signs suggesting a potential reversal in fortunes.
Meanwhile, the team is advancing the project through strategic partnerships. Prior to partnering with Inveniam, Mantra collaborated with the agri-tech platform Dimitra to tokenize agricultural commodities like cacao and carbon credits. The project also partnered with WIN Investments to introduce “transfer tokens” linked to FIFA’s Solidarity Mechanism, allowing fans to engage financially in football player transfers.
In addition, Brazil’s largest crypto exchange, Mercado Bitcoin, is teaming up with Mantra to tokenize over $200 million in assets this year, further solidifying Mantra’s presence in Latin America.
Crypto analyst Park Yong recently commented on these post-crash efforts, stating:
“Let’s clarify — yes, OM suffered a severe fall. The crash was harsh. However, it was not due to a flawed protocol or failed product. It was a liquidity wipeout triggered by cascading liquidations on centralized exchanges—a systemic issue, not a project failure. The fact that OM has managed to endure such a washout while continuing to grow its RWA base, integrate new tokenized assets, and uphold regulatory clarity is a testament to its resilience.”
Nevertheless, the current price action of OM tells a contrasting story, revealing that investors remain cautious and that rebuilding their confidence will require further efforts.