2024 Year in Review

December 31, 2024

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2024 has been a year of remarkable growth and achievements for the MANTRA ecosystem. Building upon the strong foundation laid in previous years, we have made significant strides towards our vision of bridging traditional finance with the decentralized world through secure and compliant RWA tokenization.

This past year witnessed the successful launch of the MANTRA Mainnet, a pivotal milestone that has unlocked new opportunities for developers, investors, and institutions. We have witnessed a surge in community growth, fostered valuable partnerships, and continued to enhance the security and scalability of our network.

Let's dive into the key accomplishments and milestones achieved by the MANTRA ecosystem in the past 12 months.

January

Proposal passes to make $OM the L1 coin for MANTRA Chain.

• Over 74,710,000 $OM staked on MANTRA Finance.

Increases $OM staking rewards on MANTRA Finance by 20%.

February

Binance Futures launches USDT-Margined OM Perpetual Contracts.

CoinGecko adds MANTRA to the Real-World Assets (RWA) category.

OKX Futures launches MANTRA USDT-Margined $OM Perpetual Swap Trading Contracts.

March

• Attends Digital Asset Summit 2024 in London.

Announces MANTRA Ambassador Program.

Bybit launches $OM USDT-M Perpetual Contract with up to 25x leverage.

Raises $11 million for RWA tokenization across MENA, led by Shorooq Partners.

• Lumia (ORN) joins MANTRA to supercharge RWA innovation on MANTRA Chain.

Launches MANTRA RWA-focused Hackathon in Jaipur.

Launches community-led staking platform for $OM staking on Ethereum, Binance Smart Chain, and Polygon.

April

Binance adds $OM to the newly added Real-World Assets (RWA) category.

• Sponsors TOKEN2049 Dubai.

Hongbai Incentivized Testnet goes live.

RWA Inc. joins MANTRA to drive RWA scaling.

• Launches Incubator Program at Dubai World Trade Centre (DWTC) in partnership with Virtuzone.

SwissBorg integrates $OM with 16 fiat currencies.

• Announces MANTRA Türkiye community.

May

Launches $OM Locked Products on Binance Simple Earn.

• Sponsors Consensus 2024 in Austin, TX.

Zoth joins MANTRA to democratize access to tokenized Institutional offerings.

• Approves proposal to create $OM LP on Base Chain.

• Joins the Cosmos Chain Registry.

Launches RWA Savings Vault Powered by Ondo’s USDY.

June

• Announces MANTRA Hackers Hideout in Delhi, India.

Leap Wallet integrates MANTRA for enhanced RWA accessibility.

Zand Bank and MANTRA sign MOU for RWA compliance in the UAE.

SwissBorg adds $OM to Real-world Assets Thematic.

• Announces Hongbai Leaderboard.

• Kicks off Incubator Program Cohort 1.

July

Launches $OM Liquidity Pool on Base Chain.

MAG partners with MANTRA to tokenize $500 Million in Real Estate Assets.

• Kickstarts Season 2 of MANTRA 50M $OM GenDrop.

dYdX adds $OM to the dYdX Chain.

Metaschool launches first-ever MANTRA Chain course.

August

• 300,000,000 $OM (~36% of circulating supply) staked on MANTRA.

• Launches USDY Chakra Pool on MANTRA Zone.

Partners with Novus Aviation Capital to pioneer tokenization in aviation financing.

September

• Announces DuKong, the final phase before Mainnet launch.

Kicks off MANTRA Singapore Tour as part of TOKEN2049 Singapore.

• CEO announces #OMtober at TOKEN2049 VIP event.

• Chakra Pool surpasses $8 million TVL.

MANTRA Academy goes live.

October

Launches Mainnet to bring Real-World Assets onchain.

Partners with Libre to unlock onchain access to BlackRock Money Market Fund.

• DuKong Public goes live.

Announces $OM staking rewards on mainnet.

Partners with Google Cloud to foster innovation in the Real-World Assets ecosystem.

• Kicks off Dubai Tour.

• Joins Binance Blockchain Week #BBW2024 Dubai as a Platinum Sponsor.

• CEO delivers keynote on Why Real World Assets Need a Purpose-Built Layer 1 at Cosmoverse 2024 Dubai.

Approves proposal to increase the maximum validator count to 13.

November

• Over 10,000,000 $OM bridged to MANTRA Chain.

Map of Zones adds MANTRA to the Cosmos ecosystem.

• Releases checker for $OM GenDrop.

Partners with SOMA.finance & Tritaurian to advance the tokenization of Real-World Assets and Real-World Securities.

Hacken successfully completes MANTRA’s blockchain protocol security assessment.

Partners with Pyse to tokenize electric motorcycles for sustainable deliveries in the UAE.

Integrates with The Graph.

Bitget integrates MANTRA Chain and enables $OM trading.

Adds USDY/USDC liquidity pool on MANTRA Swap.

December

Coinone officially integrates MANTRA Chain for direct $OM deposits and withdrawals on mainnet.

Proposal passes to update $OM tokenomics

As we look back on 2024, we want to thank our MANTRA community for your support throughout our journey. We appreciate your dedication and look forward to achieving more together in the coming year. 

Join us on our mission to become the preferred ledger of record for real-world assets. Together, let's drive the broader adoption of compliantly tokenized RWAs.

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