As of May 8, 2025, MANTRA (OM) is trading at approximately $0.3657 USD, reflecting a notable drop due to recent market volatility. The token saw an intraday high of $0.3899 and a low of $0.3544, with a 24-hour trading volume of about $128.7 million USD and a market cap of $351.5 million USD.

Key Updates:

Token Burn: MANTRA permanently removed 150 million staked OM tokens from circulation to reduce supply and support long-term value.

Transparency Boost: A real-time dashboard has been launched, offering public insights into token metrics and ecosystem data.

Network Stability: Despite the price drop, the MANTRA Chain operated without disruption, even at record transaction volumes.

Governance Improvements: MANTRA plans to reduce internal validators by 50% and onboard 50 external partners by Q2 2025 to enhance decentralization.

Market Stability Push: MANTRA is working with major exchanges to curb systemic risks related to over-leveraged positions and promote responsible trading policies.

Outlook:

While recent measures aim to restore confidence and ensure network resilience, the tokenā€™s future performance will hinge on broader crypto market trends and continued execution of its decentralization and transparency goals.