Topics Daily BitsCurrent Page

Mantra Launches Mainnet for RWA-Focused Layer 1 Network Amid Significant Growth and Partnerships

Beginner
Daily Bits
Oct 24, 2024
0

Daily Top Performer — Jito (JTO)

The SPX index was down by 0.92%. The decline was driven by rising Treasury yields and cautious sentiment from the Federal Reserve regarding future rate cuts. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.49%, with Bitcoin and Ether dropping by 1.64% and 4.55%, respectively in the past 24 hours.

Screenshot_2024-10-24_at_1.09.36_PM.png

Today's top performer is JTO, which surged 10.2% following the news that Jito set a new fee record while Temporal expanded its partnership to boost Solana staking.

Jito (JTO), founded in 2021, is a DeFi platform built on the Solana blockchain. It incorporates a liquid staking protocol that leverages staking and MEV strategies, enabling users to earn returns by temporarily locking their cryptocurrency tokens. Solana-based Jito has achieved a new all-time high in 24-hour fees, surpassing Circle (USDC) and Ethereum with $4.16 million. To build on this momentum, Temporal is expanding its partnership with Jito as a Node Operator for Jito (Re)staking. This collaboration seeks to enhance the utility of staked SOL beyond mainnet consensus while promoting new network effects. Temporal is positioned to strengthen its role in accelerating Solana by offering top-tier APY, 0% commission, low vote latency, and skip rates.

Check Out the Latest Prices, Charts, and Data of JTOUSDT Perp and JTO/USDT Spot Contracts!

Talk of the Town

Screenshot_2024-10-24_at_1.09.46_PM.png

Mantra has launched the mainnet of its Layer 1 network focused on real-world assets (RWAs), allowing users to stake the OM token, bridge from Ethereum, and qualify for future RWA airdrops. The platform aims to integrate traditional finance with blockchain technology, with CEO John Patrick Mullin emphasizing the potential for a multi-trillion dollar RWA economy. Despite a 3.5% drop in OM's price to $1.38 amid a broader market pullback, the token has seen over 7,000% growth year-to-date. Mantra's recent partnerships include a $500 million real estate tokenization project with MAG and a deal with Zand Bank to streamline RWA operations.

Check Out the Latest Prices, Charts, and Data of OMUSDT Contracts!

Bitcoin Spot ETF Flows

Category

Flow (millions)

GBTC

0.0

Non-GBTC

(125.1)

Total

(125.1)

Yesterday, the Bitcoin Spot ETF experienced a total outflow of $125.1 million, with no inflows from GBTC and a negative flow of $125.1 million from non-GBTC sources.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot Contracts!

Airdrop to Watch

Screenshot_2024-10-24_at_1.09.56_PM.png

Tomarket, a popular Telegram game with over 40 million players, has announced additional airdrop criteria ahead of its TOMA token launch on The Open Network (TON) set for October 31. Players must reach at least Bronze level and add a tomato emoji to their Telegram username to qualify. The game allows players to earn in-game tomatoes and gold coins for leveling up. Tomarket has seen rapid growth, adding 11 million users in the past month. Meanwhile, another Telegram game, X Empire, is set to launch its X token on TON this Thursday.

Check Out the Latest Prices, Charts, and Data of TONUSDT Perp and TON/USDT Spot Contracts!

Bybit App
Earn the smart way