Bybit announced it will support MANTRA (OM) v5.0.0 network upgrade starting at 6:00 a.m. UTC on September 17, 2025, coinciding with MANTRA’s transition to a native EVM-compatible chain.
This upgrade is crucial for MANTRA’s strategy, enhancing interoperability and positioning for real-world asset tokenization, drawing significant institutional and market interest.
Bybit will support the significant upgrade of MANTRA’s OM network, enhancing EVM compatibility and strengthening its financial ecosystem.
Scheduled for September 17, 2025, the MANTRA (OM) v5.0.0 upgrade will greatly improve EVM compatibility, marking a pivotal moment in the collaboration between MANTRA leadership and institutional partners.
MANTRA Upgrade Enhances EVM Compatibility
On September 17, 2025, Bybit will support the MANTRA (OM) v5.0.0 upgrade, aiming to enhance EVM compatibility. This upgrade aligns with MANTRA’s strategic moves and institutional partnerships to bolster its financial ecosystem.
The upgrade involves collaborations among MANTRA’s leadership, including John Patrick Mullin and institutions like Inveniam. They focus on migrating assets to MANTRA Chain, emphasizing EVM compatibility and on-chain financial ecosystem.
“Over the summer, I shared the improvements the team has been making to MANTRA Chain, our operations and ecosystem, all guided by our vision of bringing the world’s financial ecosystem onchain. Most notably, we’ve made MANTRA Chain’s testnet fully EVM-compatible, signaling a game-changing moment for our ecosystem.” – John Patrick Mullin, Co-Founder, CEO, MANTRA
Binance to Drop OM Support Post-Upgrade
The upgrade may increase MANTRA’s appeal to traders and developers, potentially attracting more liquidity. Binance will cease OM support post-upgrade, underscoring migration urgency.
Financially, the upgrade sees $45M from MANTRA and Inveniam. Past liquidity issues are addressed by migrating OM from Ethereum and enhancing DeFi integration, showing a strong recovery strategy.
Lessons from April 2025 Crash
Previously, MANTRA faced challenges similar to the April 2025 crash, where poor liquidity led to a decline. The current upgrade mirrors strategies from protocols like MakerDAO to restore stability.
Experts from Kanalcoin suggest the buyback and upgrade could favorably impact trust, likening it to past successful recovery efforts. Enhanced EVM compatibility may boost technological integration, benefiting MANTRA’s ecosystem.
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