Ethereum News Today: Mantra's Token Migration Sparks Debate: Will It Unlock Real Value or Just Shift the Illusion?

OM, the native token of the MANTRA Chain blockchain platform, has surged over 7% in the short term, surpassing the $0.25 price threshold. This upward movement is attributed to recent buyback news and a strategic initiative to enhance the token's value proposition. As of the latest data, the price of 1 OM is approximately $0.2240, with the token exhibiting a 6.4% increase in the last 24 hours and a 5.2% rise in the past hour. Over the past seven days, however, the price has declined by 6.2% compared to its earlier levels [1].

The surge in OM's value coincides with MANTRA's proposal to migrate its OM token from the ERC-20 Ethereum standard to its native MANTRA Chain. This migration, set to be completed by January 15, 2026, is part of a broader strategy to consolidate liquidity and increase the token’s utility within the MANTRA ecosystem. The first phase of the migration, involving 250 million tokens or 28% of the total ERC-20 supply, has already commenced [2]. This move is expected to reduce confusion among users and streamline the token’s functionality by eliminating the ERC-20 version of OM.

In addition to the migration plan, MANTRA has proposed significant adjustments to the OM tokenomics. The platform plans to return the inflation rate to 8%, aiming to achieve a staking return rate of approximately 18% annual percentage rate (APR). To further stabilize the token’s value, a hard supply cap of 2.5 billion OM tokens will be imposed, effectively limiting total supply and curbing inflationary pressures. These adjustments are part of MANTRA’s long-term vision to create a more sustainable and value-driven ecosystem [2].

The migration to MANTRA Chain is also aligned with the project’s MultiVM roadmap, which aims to position the platform as a regulated entity for the tokenization of real-world assets. This development is particularly relevant in a market where real-world asset (RWA) tokenization is gaining traction. MANTRA’s recent partnership with Binance as a validator is expected to bolster the network’s credibility and support its expansion. With over 250 million OM tokens already bridged to the chain, the project views the migration as a pivotal step in strengthening governance and token utility [2].

The OM token’s performance reflects broader market dynamics, with its 24-hour trading volume reaching $18,057.2322 in Ether (ETH) and a total value locked (TVL) ratio of 505.63. The market capitalization stands at ETH55,482.9930, with a fully diluted valuation (FDV) of ETH88,694.9293. The circulating supply of OM is estimated at 1,054,715,259, while the total supply is 1,686,064,328, with no hard max supply defined. These metrics underscore the token’s growing presence in the crypto market, albeit with room for further consolidation and clarity [1].

As the crypto market continues to evolve, MANTRA’s strategic initiatives, including token migration and tokenomics adjustments, are expected to influence the token’s trajectory. The platform’s focus on liquidity consolidation and governance improvements positions it for long-term growth. With the first phase of the migration already underway and further plans in the pipeline, stakeholders are closely monitoring how these developments will shape the future of the OM token and the broader MANTRA ecosystem [2].

Source:

[1] OM to ETH: MANTRA Price in Ether (https://www.coingecko.com/en/coins/mantra/eth)

[2] Mantra Proposes Complete Migration of OM Token from ... (https://pintu.co.id/en/news/196895-mantra-proposes-full-migration-of-om-token/amp)