While wider crypto markets have increased on bullish feeling and institutional movements, the sector was shaken by the collapse of Mantra – by granting billions in value.
- Rebound in the cryptography market: BTC wins 8.5% as an institutional interest and macro bulli signals stimulate a large recovery in the market.
- Mantra collapses: OM Token blocks 90% in 24 hours, destroying billions and shaking confidence in the RWA sector.
- Rwa resilience: Despite the fall of Mantra, 75% of the 100 best RWA tokens saw gains, more than 40%.
- Sector developments: Maple gets a boost of 25 million dollars in Sky & Spark; IPO Circle highlights the momentum of real assets.
However, despite the backhand, most of the RWA tokens displayed strong gains, with resilience and renewed the interests of investors at all levels.
The cryptography market has experienced a strong recovery this week, with many popular cryptocurrencies forming bullish inversion models on the lower time.
Bitcoin (BTC) won 8.5% this week and is currently negotiating at around $ 83,800, while many other L1 adults have gained more than 10%.
This recovery was due to several factors. The United States has interrupted most of the new prices, attenuating investors’ concerns and stimulating appetite for risk assets. In addition, Florida has adopted a bill to invest $ 1.5 billion in Bitcoin, reporting increasing institutional adoption.
Fear also evaporates from the market. The CMC crypto fear and greed index now approaches a neutral territory at 29 years – a significant recovery compared to the extreme fear of last week.
The RWA sector suffered a large blow this week when the RWA project previously classified has undergone a catastrophic collapse which has suffered billions of its market capitalization (MCAP).
Following a series of cross -liquidations, Mantra saw the value of her indigenous utility token ($ OM) drop by more than 90% in less than 24 hours. After a slight recovery, the $ OM token is now negotiated at ~ 0.77 $, down 87.5% this week.
This was an important blow for the RWA sector, wiping billions of people from its MCAP – despite the vast majority of the best RWA tokens recording significant growth this week.
The MCAP in the sector is now 39.1 billion dollars, down $ 1.9 billion after a decrease of 5%.
Unless the disastrous events that struck the mantra, the RWA sector as a whole has seen healthy recovery. About 75% of the 100 best RWA tokens per MCAP saw earnings this week, several exceptional artists earning more than 20%.
Some of this week’s out -of -competition projects include:
But not all RWA projects have benefited from the evolution of the trend. Some of the most efficient this week currently include:
Due to the collapse of the Mantra (OM), the RWA sector has among one of the least efficient sectors this week when classified by the weighted change by MCAP. According to Defillama, the Rwa sector experienced a weighted decrease of 3.8% of MCAP last week, placing it 14th in the 22 sectors followed by the platform.
The RWA sector has undergone a major blow with the collapse of the Mantra network, but several positive developments have contributed to reducing the impact.
Some of the most recent significant updates for the sector include:
>> That’s it for the summary of this week. Join us next week for more news, RWA ideas and updates.
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