Comparing news, RWA Layer 1 blockchain MANTRA Chain said that the bug in the Cosmos-EVM module has been fixed, the network has now resumed operation and re-blocks, and the incident did not affect users' funds. The team will release a full post-mortem report in the next few days.
Comparing news, MANTRA Chain tweeted that it had noticed related incidents affecting MANTRA Chain, suspended the operation of the chain as a precautionary measure, and launched an investigation at the same time. Currently, all endpoints and transactions have been frozen. This means that deposits to and withdrawals from MANTRA Chain are temporarily affected. If the user is unsure of its specific impact on a particular transaction, it is recommended to suspend the operation and wait for further notice. The team said that there is currently no root cause or recovery schedule to be announced. It will be updated through official channels as soon as verified information is obtained, and reminded users to only rely on the official MANTRA channel to obtain progress.
Comparing news, MANTRA, a layer 1 blockchain focused on tokenizing real-world assets, will be acquired by its strategic investor, Inveniam. The two parties announced the deal on Tuesday. The deal comes after MANTRA's native token experienced a major crash in 2025, after which the company restructured and implemented layoffs. Prior to MANTRA's restructuring in August last year, Inveniam had invested $20 million in it.
Comparatively, according to The Block, MANTRA, a public chain focused on tokenizing RWA assets, will be wholly acquired by its strategic investor, Inveniam Capital Partners, and the deal is expected to be completed in the third quarter of this year. Inveniam invested $20 million in MANTRA prior to its restructuring in 2025. MANTRA holds a VASP license issued by the Dubai Virtual Asset Regulatory Authority (VARA) to operate a digital asset exchange and provide brokerage, proprietary management and investment services. The Layer 2 network NVNM Chain, which was previously jointly created by the two parties, is positioned to register identity, limit permissions for autonomous AI agents in compliance scenarios, and record on-chain evidence that can be independently verified by supervisors and counterparties.
According to Twitter, South Korean cryptocurrency trading platform Bithumb announced that in order to support the MANTRA (OM) main network upgrade and ensure stable deposit and withdrawal services, MANTRA (OM) token deposit and withdrawal services will be suspended from 11:00 Beijing time (12:00 KST) on June 9. According to the announcement, the MANTRA main network upgrade is expected to be carried out at around 15:58 Beijing time on June 9, with a corresponding block height of 15,559,888. During the upgrade, Bithumb will update the node server simultaneously, and will resume the relevant deposit and withdrawal services after confirming network stability. The specific recovery time will be announced separately.
Author: Joel John, Siddharth, Saurabh Deshpande Compiled by: Felix, PanNews Original Article Title: Valuation Collapse and Revenue Differentiation: Revaluing the Real Logic of Crypto Assets Under the impact of AI, the crypto sector is in a period of depression. Ventures are leaving, and founders are considering AI transformation. Is the crypto industry worth sticking to? Decentralised.co recently analyzed the protocol's revenue, starting with data. It indicated that the valuation of crypto assets is returning to rationality, while the era of high premiums for infrastructure tokens has come to an end. Founders must abandon empty narratives, establish a business model based on real income and moats, and give real rights to the token. Here are the details: The crypto market's “Fear and Greed Index” is at an all-time low. At the same time, its profitability has reached an unprecedented level. Since 2018, DeFilLama has traced that crypto-native protocols generated $74.8 billion in fees, nearly half of which ($31.4 billion) was generated during the 18-month period from January 2024 to June 2025. After the best-performing quarters of the past eight years, why is an industry still mired in fear? Entropy Protocol, Milkyway Protocol, Nifty Gateway, Rodeo, Forgotten Runiverse, Slingshot, Polynomial, Zerelend, Grix Finance, Parsec Finance, Angle Protocol, and Step Finance have been shut down in the past two months. These products have been in operation for many years and were created by passionate founders. Additionally, OKX, Mantra, Polygon Labs, Gemini, and Binance have all made layoffs. Fewer and fewer people are attending industry conferences, venture capitalists are turning to AI, and developers are flocking to AI in droves. This apocalyptic pessimism is real. “If you're still in the crypto industry, switch to AI” has become a mainstream opinion. But should you really do this? We've been thinking about this for the past few weeks. When a new technology comes along, the market initially gives it a premium for its novelty and grand vision. In the 19th century, nearly 6% of Britain's GDP was invested in railway stocks. Cloud service provider giants will account for 2% of US GDP on capital expenditure by 2026. But when reality comes, technological trends will return to more reasonable valuations. The key is whether an industry can prove its worth after returning to rationality. This article will analyze the historical evolution of cryptocurrency revenue, the user stickiness of the funds generated, and the nature of moats in the industry. Research ledgers Crypto-native businesses have been generating revenue since the beginning of the crypto industry. Exchanges like Bitmex, Binance, and Coinbase are lucrative businesses. They are centralized, owned by a few people, and revenue is not disclosed. DeFi native infrastructure such as decentralized exchanges (Uniswap) and lending platforms (Aave) changed this situation, and users can check the daily earnings of the protocol. It was expected that the token's transaction valuation would reflect the economic activity fueled by this infrastructure. As of 2022, DEX accounted for 28.4% of revenue, with total revenue of $2.27 billion for the year. The situation is similar at the borrowing circuit, and it is highly concentrated. Aave and Compound account for 82% of all borrowing fees. Although there are leaders, people are also looking forward to agreements that are growing and trying to seize market share. The technology itself is novel enough that it is highly valued. The expansion of cryptocurrencies in the consumer sector followed suit. NFTs represent a promising vision: bringing cultural value to the chain. Well-known celebrities are changing their profile pictures (PFP) on X, and people think this will translate into large-scale applications. OpenSea generated $15.5 billion in revenue, accounting for 71.7% of all NFT market revenue. In hindsight, the app's $13 billion valuation didn't seem that ridiculous; they themselves could develop into a long-term monopoly...
Comparative news, according to SoSoValue data, the crypto market is showing a general upward trend. Bitcoin (BTC) rose 6.85% to surpass $7.2 million; Ethereum (ETH) rose 7.45% to break through $2,100. The RWA sector showed outstanding performance, rising 7.26%, with MANTRA (MANTRA) rising 39.03% and Sky (SKY) rising 7.58%. Notably, Mag7.ssi is up 6.4%, Defi.ssi is up 4.49%, and Meme.ssi is up 7.49%. In terms of other sectors, the Meme sector rose 5.68% in 24 hours, and BuildOn (B) rose 13.2%; the PayFi sector rose 4.92%, Telcoin (TEL) rose 7.64%; the DeFi sector rose 3.85% and CoW Protocol (COW) rose 8.96%; the CeFi sector rose 3.72% and Gate (GT) rose 4.18%; the Layer 1 sector rose 3.56%, Decred (DCR) It rose 11.61%; the Layer 2 sector rose 1.89%, Stacks (STX) rose 5.08%; the AI sector rose 1.7%, and Venice Token (VVV) rose 15.51%. The crypto sector index, which reflects the sector's historical market, shows that the SSIRWA, SSImemE, and SSILayer1 indices rose 6.57%, 5.17%, and 4.71%, respectively.
According to Twitter, according to official sources, MANTRA will complete the OM token upgrade on March 3, including token code changes and a 1:4 split. Users who have already stored OM tokens on MANTRA Chain or supported exchanges do not need to take any action, and the system will automatically update the token code and increase the number of tokens to 4 times the original. There is a special official reminder that users who still store OM tokens on the Cosmos blockchain (such as Stargaze, Osmosis, etc.) run the risk of not being able to receive a 1:4 revaluation. These users are required to immediately transfer OM tokens to MANTRA Chain via the IBC cross-chain bridge.
In comparison, Binance announced that it will support MANTRA (OM) token exchange, split pricing, and change the name to MANTRA (MANTRA). The OM will be converted at a ratio of 1 OM = 4 MANTRA and will use the new MANTRA ticker. From February 23, OM related contracts will stop opening new positions and be automatically settled; from February 14 to 23, OM will be removed from Cross/Isolated Margin and triggered automatic repayment and asset conversion; From February 20, Buy & Sell Crypto removed OM; Binance Loans closed OM loans on February 23; Simple Earn redeemed OM products from February 27 and re-purchased with MANTRA after March 4; OM's spot, Convert, and Gift Card scenarios were completely removed from the shelves on March 2, and MANTRA's new spot trading pair was launched on March 4 Stop OM withdrawals.
Comparatively, MANTRA co-founder JP Mullin announced a company restructuring, including a reduction in team size. This restructuring mainly affects support positions such as business development, marketing, and human resources. JP Mullin said that from 2024 to the first quarter of 2025, MANTRA invested heavily in real-time asset tokenization, blockchain, and ecosystem construction. However, the adverse events of April 2025, continued market downturn, increased competition, and changes in market dynamics made its cost structure inconsistent with recent reality. To improve capital efficiency, MANTRA plans to adopt a more streamlined operating model in 2026, concentrating resources and focusing on core business execution. The company has taken measures such as reducing unnecessary expenses and optimizing processes, but it still needs to adjust operations and future development paths through layoffs.