The cryptocurrency **OM** (formerly known as **MANTRA DAO**) has witnessed significant fluctuations and developments recently, especially in the context of the decline of the cryptocurrency market in general and the rise of some projects in the **Decentralized Finance (DeFi)** sector and **Ripple (RWA)**.
### The most important thing that happened with **OM**:
1. **Change of name and focus**:
The project has transitioned from **MANTRA DAO** to **MANTRA**, with a greater focus on **Decentralized Finance (DeFi)** and **Real-World Assets (RWA)** in emerging markets, particularly in the Middle East and Asia.
The project now focuses on bringing traditional assets such as real estate and bonds to the blockchain.
2. **Price Performance**:
- **OM** has experienced sharp volatility, like most currencies in 2022-2023 due to market conditions (high interest rates, crises like FTX, etc.).
- In 2024, positive movements began to appear with the launch of new projects in the MANTRA ecosystem, such as MANTRA Chain.
3. **Technical and Ecosystem Developments**:
- Launching **MANTRA Chain** (a dedicated chain for **RWA** built on **Cosmos SDK**).
- Partnerships with traditional institutions in Dubai and Hong Kong to integrate real assets.
- Increase in Staking operations, as OM provides attractive returns for network security participants.
4. **Challenges**:
- Fierce competition in the RWA sector (such as Ondo Finance, TokenFi, Polymesh projects).
- Price sensitivity to Bitcoin and general market fluctuations.
### Conclusion:
- **OM** is trying to differentiate itself in the **RWA** and **DeFi** sector, but it is still vulnerable to market volatility.
- If the project succeeds in attracting more partners and users, it may experience significant growth in the long term.
- It is recommended to follow **MANTRA** news on their official channels (**Twitter, Discord, their official website**) to understand the future direction.
