Mantra（OM）令牌價格崩潰燃料燃料500％的總價值鎖定（TVL）

在咒語（OM）代幣價格發生災難性93％的價格崩潰之後，以Mantra以RWA為重點的區塊鏈協議的總價值鎖定（TVL）已飆升了500％以上

After a 93% price crash wiped out nearly all of MANTRA (OM) token gains this year, the total value locked (TVL) on Mantra’s RWA-focused blockchain protocol surged by over 500% within just two days.

在今年的價格崩潰93％後，幾乎所有的咒語（OM）代幣收益消除了，曼特拉以RWA為重點的區塊鏈協議的總價值鎖定（TVL）在短短兩天內就飆升了500％以上。

Data from DeFillama shows that Mantra’s TVL rose 544% and reached 4.21 million OM (approximately $3.24 million) in a sudden spike on Friday as investors rushed to buy OM token at a discount price and stake it on the protocol.

Defillama的數據顯示，咒語的TVL上漲了544％，在周五突然的峰值達到了421萬OM（約324萬美元），因為投資者急於以折扣價購買OM令牌，並將其放在協議上。

The spike in TVL came amid market chaos as OM’s price plummeted to weekend lows due to what the Mantra team described as “reckless forced liquidations” executed by centralized exchanges.

TVL的尖峰是由於Mantra團隊稱其為集中式交易所執行的“魯ck迫切強迫清算”，因此OM的價格下降到週末低點時，TVL的尖峰出現在市場混亂之中。

After reaching a 24-hour high of $9.1 on Friday, OM token dropped to as low as $0.78 on Saturday before recovering to $0.89 by Sunday evening. A portion of the downturn was driven by a large-scale liquidation on crypto exchange OKX, where several traders who had leveraged long positions on OM were liquidated in quick succession.

在周五達到24小時高點9.1美元之後，OM令牌在周六下跌至0.78美元，然後在周日晚上恢復到0.89美元。一部分低迷是由Crypto Exchange OKX上的大規模清算驅動的，在那裡，幾位利用OM上長位職位的交易者很快就被迅速清算。

The Mantra team took note of the incident and stated that it appeared to be a deliberate attempt to destabilize the token price through rapid liquidations. In a statement on X, the team said: “It is truly concerning to witness the blatant disregard for market stability displayed by certain centralized exchanges.”

咒語團隊注意到了這一事件，並指出，通過快速清算，這似乎是故意破壞令牌價格的企圖。該團隊在X上的一份聲明中說：“確實要目睹公然無視某些集中式交易所展示的市場穩定性。”

The Mantra team also pointed out that the rapid liquidations seemed designed to devalue OM token and create a vicious cycle of price declines.

咒語團隊還指出，快速清算似乎旨在貶值OM令牌，並創造了價格下降的惡性循環。

However, despite the setback, OM’s price showed signs of recovery on Sunday evening as it began trading above the $1 mark. By Sunday evening, OM had recovered around 170% from Saturday’s lows, rising from $0.78 to $0.99.

但是，儘管遇到了挫折，OM的價格顯示出週日晚上的恢復跡象，因為它開始交易高於1美元。到週日晚上，OM從周六的低點恢復了約170％，從0.78美元上升到0.99美元。

The sharp buying activity and the timing of the spike in Mantra’s TVL suggests that investors viewed OM price collapse as a rare opportunity to enter the ecosystem at a discount.

Mantra的TVL的急劇購買活動和尖峰的時機表明，投資者將OM價格崩潰視為以折扣價進入生態系統的難得的機會。

A prominent crypto analyst aliased Dom highlighted in one of his recent posts that over $35 million of OM tokens were purchased in aggressive buying while its price was bottoming with 90% downside. This points to a tactical accumulation likely orchestrated by whales or opportunistic traders.

一位著名的加密分析師Aliased Dom在他最近的一篇文章之一中強調，超過3500萬美元的OM代幣是積極購買的，而其價格的觸底價格為90％，而下跌90％。這表明鯨魚或機會交易者可能會策劃的戰術積累。

After playing with the $OM trade data for hours, there is one thing that is very odd

在使用$ OM交易數據數小時後，有一件事很奇怪

The spot market never saw any aggressive panic. They did the opposite when combining data from OKX, Bybit and Binance

現貨市場從未見過任何激進的恐慌。當組合OKX，BYBIT和BINANCE的數據時，他們做了相反的事情

There was over 35M USD of $OM purchased within the 2 hour window of the… https://t.co/uTALfk0gQz pic.twitter.com/Kx0k71SKlS

在…https://t.co/utalfk0gqz pic.twitter.com/kx0k71skls的2小時窗口內購買了超過3500萬美元

— Dom (@Dom_Crypt) August 27, 2023

- Dom（@dom_crypt）2023年8月27日

The growth in TVL typically reflects increased user engagement with a protocol – such as staking, yield farming, or liquidity provisioning.

TVL的增長通常反映了用戶參與方案的增加，例如積分，產生耕作或流動性提供。

Although nearly 97% of Mantra’s TVL increase comes into Mantra Swap, the native decentralized exchange of the protocol. Its automated market-making pools locked in 4.11 million OM in 2 days and made it the primary driver behind the protocol’s rising TVL.

儘管Mantra近97％的TVL增加是咒語交換，但該協議的當地分散交換。它的自動營銷池在2天內鎖定了411萬om，這使其成為協議上升的TVL的主要驅動力。

Despite the sharp TVL rise and price rebound – OM recovered by around 170% to hit $0.99, analyst notes that the red-flags over the protocol still remain active. The current fully diluted valuation (FDV) for Mantra stands at $1.88 billion which vastly outpaces its real TVL. This translates to only 0.17% of the FDV being actively deployed in the ecosystem, signaling poor capital efficiency and potential overvaluation.

儘管TVL急劇上升和價格反彈 - OM恢復了約170％，達到0.99美元，但分析師指出，該協議上的紅色範圍仍然保持活躍。目前的完全稀釋估值（FDV）的咒語為18.8億美元，其真正的TVL大大超過了其真正的TVL。這意味著只有0.17％的FDV積極部署在生態系統中，表明資本效率差和潛在的高估。