Mantra（OM）令牌价格崩溃燃料燃料500％的总价值锁定（TVL）

在咒语（OM）代币价格发生灾难性93％的价格崩溃之后，以Mantra以RWA为重点的区块链协议的总价值锁定（TVL）已飙升了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.

在今年的价格崩溃93％后，几乎所有的咒语（OM）代币收益消除了，曼特拉以RWA为重点的区块链协议的总价值锁定（TVL）在短短两天内就飙升了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的数据显示，咒语的TVL上涨了544％，在周五突然的峰值达到了421万OM（约324万美元），因为投资者急于以折扣价购买OM令牌，并将其放在协议上。

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的尖峰是由于Mantra团队称其为集中式交易所执行的“鲁ck迫切强迫清算”，因此OM的价格下降到周末低点时，TVL的尖峰出现在市场混乱之中。

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.

在周五达到24小时高点9.1美元之后，OM令牌在周六下跌至0.78美元，然后在周日晚上恢复到0.89美元。一部分低迷是由Crypto Exchange OKX上的大规模清算驱动的，在那里，几位利用OM上长位职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.”

咒语团队注意到了这一事件，并指出，通过快速清算，这似乎是故意破坏令牌价格的企图。该团队在X上的一份声明中说：“确实要目睹公然无视某些集中式交易所展示的市场稳定性。”

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

咒语团队还指出，快速清算似乎旨在贬值OM令牌，并创造了价格下降的恶性循环。

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，尽管遇到了挫折，OM的价格显示出周日晚上的恢复迹象，因为它开始交易高于1美元。到周日晚上，OM从周六的低点恢复了约170％，从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的急剧购买活动和尖峰的时机表明，投资者将OM价格崩溃视为以折扣价进入生态系统的难得的机会。

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师Aliased Dom在他最近的一篇文章之一中强调，超过3500万美元的OM代币是积极购买的，而其价格的触底价格为90％，而下跌90％。这表明鲸鱼或机会交易者可能会策划的战术积累。

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

在使用$ OM交易数据数小时后，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

现货市场从未见过任何激进的恐慌。当组合OKX，BYBIT和BINANCE的数据时，他们做了相反的事情

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小时窗口内购买了超过3500万美元

— 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的增长通常反映了用户参与方案的增加，例如积分，产生耕作或流动性提供。

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.

尽管Mantra近97％的TVL增加是咒语交换，但该协议的当地分散交换。它的自动营销池在2天内锁定了411万om，这使其成为协议上升的TVL的主要驱动力。

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.

尽管TVL急剧上升和价格反弹 - OM恢复了约170％，达到0.99美元，但分析师指出，该协议上的红色范围仍然保持活跃。目前的完全稀释估值（FDV）的咒语为18.8亿美元，其真正的TVL大大超过了其真正的TVL。这意味着只有0.17％的FDV积极部署在生态系统中，表明资本效率差和潜在的高估。