Mantra (OM) Is Trending, But Its Price Is Falling—Here’s Why

MANTRA Finance (MANTRA), a prominent decentralized finance (DeFi) platform operated by MANTRA Group, has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).

This license authorizes MANTRA to operate as a virtual asset exchange and to provide broker-dealer, management, and investment services. Notably, Mantra’s new VARA license is a major step forward.

Mantra Signals Middle East Opportunity

The VARA licence expands Mantra’s global reach, allowing it to offer more innovative, legally sound financial products to international investors. This move will significantly boost Mantra’s growth in the Middle East, particularly in the area of tokenizing real-world assets, a rapidly growing market.

John Patrick Mullin, CEO of MANTRA, commented on the significance of this achievement stating:

By establishing a timely, comprehensive, and fundamentally sound framework for virtual assets and Web3, Dubai and VARA have assumed a position of global leadership in crypto regulation. This license was a critical step for MANTRA, marking a key advancement in our global expansion strategy.”

He further emphasized the rising opportunities within the Middle East and North Africa (MENA) region:

“The United Arab Emirates and the Middle East and North Africa region are quickly becoming a leading center for Web3 and virtual assets. This is thanks to supportive government regulations. Our new license helps us expand in the region and globally, offering innovative decentralized finance (DeFi) products that connect the decentralized and traditional financial worlds. Our aim is to create a modern financial system that benefits institutional and qualified investors everywhere.”

MANTRA Launch RWAccelerator

MANTRA also recently launched RWAccelerator, a startup accelerator program helping new businesses thrive in the fast-changing tech world. Backed by Google Cloud, it encourages growth and widespread use of new technologies.

RWAccelerator gives chosen startups significant support, including funding, expert advice, and dedicated AI assistance to help their projects succeed. The program focuses on businesses using blockchain technology to represent real-world assets like property, financial products, and other investments.

Additionally, the RWAccelerator has three areas of focus: infrastructure, tokenization, and decentralized finance (DeFi), allowing startups to choose the track that best fits their project. Furthermore, the partnership with Google Cloud, through the Google for Startups Cloud program, significantly amplifies the value proposition of RWAccelerator, equally boosting its current trend.

Notably, selected projects gain access to a wealth of Google Cloud resources, including substantial cloud credits, dedicated technical support, and invaluable workshops conducted by experienced Google engineers.

MANTRA (OM) Price Tracjectory

As of the time of writing, MANTRA (OM) is trading at $7.34, reflecting a 2.6% decrease in the last 24 hours, according to CoinGecko data. Despite MANTRA’s trends, its native token has deflated in trading volume, a decrease of 38.10% to $273 million in the last 24 hours which signals a notable shift in market activity.

While the current price represents a 6.74% drop from its all-time high of $7.90 (recorded on February 15th, 2025), a more comprehensive perspective emerges when considering the cryptocurrency’s longer-term trajectory. The substantial increase from its all-time low of $0.01726 (October 12th, 2023) reveals a remarkable 42,575.21% growth.

Despite the current price dip, the cryptocurrency demonstrates resilience. Over the past seven days, MANTRA (OM) has experienced a 31.20% price increase, significantly outperforming both the overall cryptocurrency market (up 0.70%) and its smart contract platform peers (down 1.20%). This positive weekly performance suggests a degree of market confidence and potential for future growth.