The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

Intermediate

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MANTRA (OM): Understanding its wild ride and road to recovery

In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit Spot and Futures.​

WalletConnect is an open source bridging protocol that facilitates secure connections between digital wallets and 

 (DApps). With over 38 million unique active wallets and 57,000 supported apps, it’s getting noticed by the crypto community. In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit.​

 protocol that allows users to connect their mobile wallets to DApps via QR code. This eliminates the need for browser extensions, and enhances security by keeping 

The protocol supports a wide range of wallets and DApps, making it a versatile tool for users navigating DeFi and web3.

 is essentially a decentralized infrastructure that facilitates a uniformed way for users to easily connect their crypto wallets with thousands of DApps. It operates through a network of

 that relay messages, ensuring reliable and secure connections. The network's design emphasizes scalability and resilience, catering to the growing demands of DeFi. 

When a user initiates a connection between their wallet and a DApp, WalletConnect establishes a secure session through a relay server that enables encrypted communication, allowing users to interact with DApps directly from their wallets. 

The network's architecture ensures that messages are transmitted efficiently, maintaining a seamless user experience.​

The WalletConnect ecosystem comprises various stakeholders, including node operators, wallet providers and DApp developers. Node operators play a crucial role by maintaining the network's infrastructure and relaying messages. 

To incentivize participation, the network implements a rewards mechanism whereby node operators earn WCT tokens, based on their performance and contribution. Prominent organizations like Consensys, Ledger and Figment are among the network's node operators, underscoring its robustness and reliability.​

 is the native utility and governance token of the WalletConnect network. It has a total supply of 1 billion, 

Initially, WCT is nontransferable to ensure that tokens remain within the WalletConnect ecosystem, supporting its focus on network functionality and development. Based on discussions within the community, transfers will be enabled based on community consensus and future governance decisions.

Where to buy the WalletConnect token (WCT)

 on Bybit Spot, and as a Perpetual contract with up to 75x 

. Bybit provides a secure and user-friendly platform for buying and selling WCT, allowing users to participate in the WalletConnect ecosystem. 

How to trade the WalletConnect token (WCT) on Bybit

Bybit's platform ensures efficient execution and provides various tools to assist users in their trading journey with ease.​ 

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WalletConnect (WCT): Bridging web3 beyond wallets and DApps

Circle has launched the Circle Payments Network (CPN), a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. 

The S&P 500 rose 2.51% as investor confidence improved following President Trump’s support for Fed Chair Powell and hints of easing U.S.-China trade tensions, despite tempered optimism and Tesla’s earnings miss. Gold rebounds toward $3,400 as the US Dollar weakens and investor caution lingers over US-China trade and Fed concerns. Technicals suggest a possible pullback, with focus shifting to upcoming S&P Global PMI data. The Coindesk Indices, which tracks the broader crypto market, rose 7.46%, with Bitcoin and Ether up 4.68% and 7.70%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DEEP, up 122.1%, following the launch of DeepBook v3.1 on Sui, which unlocks permissionless pools, enhanced balance management, and cost-efficiency for DeFi.

DeepBook (DEEP), launched on July 12, 2023,  is Sui’s native liquidity layer, using a central limit order book to enable high-throughput, low-slippage, and low-fee trading. 

, introduces several key upgrades: permissionless pools, revamped fee mechanics, and enhanced balance management. These changes make DeepBook more accessible, composable, and cost-efficient for DeFi users. Permissionless pools allow anyone to create custom trading pairs, while the enhanced balance manager supports third-party liquidations and improves protocol stability and user experience.

Check out the latest prices, charts, and data of 

, a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. CPN offers faster, programmable, secure, and always-available money movement for financial institutions. It supports services like invoice payments, remittances, treasury services, and payroll payouts. Over 20 design partners, including dLocal, WorldRemit, and BVNK, are contributing to building a more efficient global payments infrastructure.

Yesterday, Bitcoin spot ETFs saw $719.2M in total inflows, with $654.1M from non-GBTC funds and $65.1M from GBTC.

 its incentivized testnet, allowing users to earn $SO tokens by testing its cross-chain lending platform. By supplying and borrowing assets across chains and completing quests, participants earn "Seeds," which will convert to $SO at TGE. Powered by LayerZero, Soul aims to unify liquidity across blockchains.

Beginner

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Circle launches Circle Payments Network for faster, secure global transactions using stablecoins

VeChain (VET) is a blockchain platform focused on sustainability, using eco-friendly technology to support green initiatives across industries and drive a more sustainable future.

Sustainability is now the name of the game across many industries. The blockchain industry is one of them, with several projects aiming to reduce the energy impact of their operations or support green causes in other ways. However, on closer inspection, sustainability has received much less attention in the world of blockchain technology than many people may assume. Indeed, the industry's two leading data portals, CoinGecko and CoinMarketCap, have no "Sustainability" or similar category, despite coming up with hundreds of other classifications.

Some smaller-cap projects outside of the top 100, such as 

 (IOTA), do focus on supporting environmental causes. But in the entire list of top 100 cryptocurrencies by market cap, only one project can confidently be described as having sustainability as its key pillar — 

With a market cap of $2 billion (as of the time of writing on Apr 22, 2025), VeChain stands head and shoulders above any other crypto project in the sustainability niche. The project has been fully operational since 2018, and is among the oldest environmentally focused blockchain initiatives. In short, if we talk about sustainability and blockchain, it would be disingenuous not to mention VeChain and its 

Having championed green blockchain causes since 2018, VeChain announced a significant upgrade initiative in late 2024 to be rolled out in stages during 2025. Called Renaissance, it’s envisioned to further solidify VeChain's position as the leader of eco-friendly blockchain use and introduce a host of technical improvements. In fact, 2025 is the year of the most fundamental upgrade to this notable industry player in its entire history on the market, so it's precisely the time to revisit this project in our coverage.

VeChain (VET) is a decentralized project designed to support sustainability-focused blockchain use cases across various industry verticals.

 The company was first conceptualized and founded as a blockchain project in 2015 by Chinese technology professional Sunny Lu. It launched its Layer 1 network, VeChainThor (VTHO), in mid-2018, becoming one of the first decentralized initiatives to support eco-friendly applications on-chain. The VeChainThor network features low transaction fees and high levels of scalability.

For years, the VeChain blockchain has remained probably the leading decentralized platform in the niche of sustainability. As of April 2025, it retains the leadership position, and is ranked 56th among all cryptocurrencies, with a market cap of $2 billion.

VeChain's sustainable blockchain technology

Many blockchains claiming to support environmental causes typically use the 

, which is indeed much more energy-efficient than the power-hungry 

 (BTC). By using PoS, these blockchains have boldly announced that their energy use is much lower than Bitcoin's. While this is true, these platforms are essentially general-purpose networks that don't specifically design their operations with any particular sustainability use case in mind.

Instead of these two typical consensus mechanisms, the VeChainThor blockchain uses 

 (PoA), touted to be even more energy-efficient than the standard PoS employed by 

 chains. In a typical PoA consensus, a smaller number of validators with "authority" — i.e., a history of reliable behavior on the network — are entrusted to process blocks. This is in contrast to PoS, whereby many validators take part in the staking contest to outperform each other in terms of token holdings. They then receive the right to validate the next block, and have to constantly align their consensus process with other 

As a result, PoS is usually less energy-efficient than PoA. VeChain's PoA model elegantly combines efficient processing, minimal energy use and high levels of enterprise-grade security.

The VeChainThor blockchain network's processing engine also features compatibility with the 

 (EVM), making cross-chain communication with the Ethereum world much easier for VeChain developers and 

PoA block validation isn’t the only sustainability-minded feature of VeChain. Unlike many other popular chains, VeChain also directly enables sustainability use cases, primarily by utilizing its tamperproof and transparent data-tracking mechanism. Thus, enterprises across different industries can track and reliably verify the origin of goods and their sustainability status for eco-friendly supply chain management. For instance, supermarket chains can use the platform to track and verify the carbon footprint of the produce they source; logistics companies can calculate the overall emissions generated along their supply chains; and fashion brands can track sustainable sourcing of materials used for their product lines.

Besides its own blockchain, the project also offers a blockchain-as-a-service (BaaS) platform, VeChain ToolChain, to help businesses integrate VeChain's technology into their business processes via standardized smart contract services.

To further position itself as a champion of sustainability, VeChain launched 

 represents an on-chain ecosystem of DApps that reward VeChain users for completing various eco-friendly tasks, such as using reusable coffee cups, shopping for organic products, picking litter off streets and more. VeBetterDAO is the project’s foray into the individual consumer side of environmentalism, which complements the VeChain platform’s long-standing sustainability features for the enterprise world.

In late 2024, VeChain first announced its planned multi-stage upgrade, Renaissance, to make the platform even more efficient. Its changes are envisioned to take place gradually throughout 2025, and possibly beyond. The Renaissance upgrade touches many parts of the platform, with three key areas involved — a new VeChain staking and node model, technical updates and changes to the dual token mechanism. We'll cover the first two areas below, and the changes to VeChain’s tokenomics in the next section.

VeChain’s PoA block validation model uses a group of 101 trusted Authority Masternodes (AMs) who will fully transition to Validators under the new Renaissance model by December 2025. Each Authority Masternode is approved by the VeChain Foundation. These nodes are responsible for generating transaction blocks. You’ll need to 

 at least 25 million VET to participate in block production, which occurs in fixed 14-day cycles.

Under the platform’s pre-Renaissance model, there are two more types of specialized nodes — Economic and X-Nodes — who stake their tokens to a selected AM/Validator and participate in 

 on the platform. After the Renaissance upgrade is fully rolled out, Economic nodes and X-Nodes will be replaced by a tiered system of Delegator nodes.

Delegators will need to stake a certain amount of VET tokens to mint Delegator 

, which will entitle them to different grades of staking reward multipliers. The more you stake, the higher grade of NFT you receive, and the higher your staking rewards will be. When blocks are produced, AMs/Validators will receive 30% of the total block reward, with the remaining 70% going to holders of the Delegator NFTs.

The image below shows the new Delegator NFT–tiered model, with minimum VET staking requirements and reward multipliers.

While the VeChainThor network is EVM-compatible, there are still differences between its technical parameters and the standard EVM used by Ethereum. For this reason, the Renaissance upgrade aims to reach full EVM compatibility, including implementing the JSON-RPC (

remote procedure call) extensively employed within the Ethereum blockchain.

As part of the Renaissance upgrade, the project will also introduce a new set of tools to achieve more seamless cross-chain capabilities. This will involve integrating new 

The VeChain token model has always been based on two cryptocurrencies: VET and VTHO. VET is the 

 that acts as the main means of value storage and transfer on the platform, while VTHO is used to pay for gas. Now, the Renaissance upgrade also changes the way the dual-token mechanism operates.

Before the upgrade fully kicks in, VTHO is still generated by simply holding VET. After the Renaissance, only staked VET will generate new VTHO for the holder. This should better align VTHO with the active participation of users on the platform. VTHO's inflation rate will also be cut by over 70%, as its issuance will be aligned to a new emission model that considers the total amount of VET staked on the platform.

To further reduce the inflationary properties of VTHO, 100% of all base transaction fees on the network, which are all paid with VTHO, will be 

VET is the platform’s value transfer and storage token. It’s also used for governance and access to various features and apps on the network. VET is a supply-capped token with a max supply of just over 86.7 billion. These properties will not change following the Renaissance upgrade.

VTHO, which is used to pay for gas fees on VeChainThor, is an inflationary token with an uncapped supply. It currently has a total supply of almost 88,7 billion. As noted above, after Renaissance, VTHO will be generated via staking only, and will feature a burn mechanism to reduce its inflation rate.

 as a swap pair with USDT, and on the Derivatives market as the 

In addition, you can take advantage of Bybit’s event dedicated to the VET token to grab a share of a 

. New users can earn VET rewards by accumulating a deposit volume of at least 5,000 VET, or by depositing at least 100 USDT and trading 100 USDT worth of VET via their first Spot trade using their Bybit account. Meanwhile, existing users can also qualify for rewards by trading at least 500 USDT worth of VET on the Bybit Spot market. The event runs through Apr 28, 2025, 9AM UTC.

As of Apr 23, 2025, the VET token is trading at $0.02576, which is 90.8% lower than its ATH of $0.281 on Apr 19, 2021, and 1,243.2% higher than its ATL of $0.001917 on Mar 13, 2020.

Long-term price forecasts for VET are mostly bullish. DigitalCoinPrice 

 of $0.088 in 2027 and $0.14 in 2030, while PricePrediction 

In the long term, VET might even rise to $1, at least according to PricePrediction’s forecast. Its portal is highly optimistic, estimating that VET will hit the $1 mark in 2034.

You might consider investing in the VeChain token VET based on the following:

When Sunny Lu created VeChain in 2015, his vision focused on sustainability issues. VeChain's work in this area has led to the creation of the first decentralized network truly dedicated to making a tangible environmental impact. The entire VeChain ecosystem — including the VeChainThor blockchain platform, VeBetterDAO and VeChain Toolchain — continues to serve as a significant enabler of sustainable technology in the business world.

Now, with the Renaissance upgrade being rolled out for the duration of 2025, VeChain aims to solidify its leadership in this sphere. With the Renaissance upon us, it's hard to see any blockchain platform that could challenge VeChain in the area of sustainability anytime soon.

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What is VeChain (VET): Building a sustainable future for all

DeFi

Altcoins

Explainers

Kujira (KUJI) is a Layer 1 blockchain platform designed to provide tools and DApps that democratize access to DeFi opportunities. 

) is among the key sectors of the crypto industry. Since the beginning of the DeFi revolution in the mid-2010s, millions of people have benefited from novel trading and investment opportunities unveiled by DeFi platforms. However, despite DeFi tools and opportunities approaching a decade on the market, the sector remains inaccessible to vast cohorts of crypto enthusiasts due to its complicated trading models and clumsy user interfaces.

Kujira (KUJI) is a blockchain platform that has set out to change the status quo by democratizing access to DeFi trading. The platform aims to provide user-friendly interfaces, tools and apps that make DeFi more accessible to beginning traders.

Initially launched as an app on the Terra blockchain, Kujira migrated to its own Layer 1 chain in May 2022, right after the Terra network’s collapse. By now, Kujira’s decentralized application (

) ecosystem has grown to offer just about anything that a DeFi user — whether a beginner or a seasoned pro — might ever ask for: token swaps, 

 and even a marketplace for trading liquidated collateral.

 (KUJI) is a Layer 1 blockchain platform designed to provide tools and DApps that democratize access to DeFi opportunities

. Itaims to make decentralized trading, investing, liquidity mining and staking more accessible to wider segments of crypto users by providing beginner-friendly DeFi solutions. In addition, Kujira offers some sophisticated trading opportunities to meet the demands of DeFi veterans.

 is the Japanese word for “whale.” The project’s team explains that the platform’s goal is to help all DeFi traders, including beginners, become true crypto whales — hence the name.

Kujira was founded by three crypto enthusiasts known by their first names and X handles only. Dove (@Deadrightdove) acts as the project’s CEO and public face, Brett (@Cryptoslang1) is responsible for front-end development and Hans (@Codehans1) handles back-end and 

The platform launched its first DApp, ORCA, on the 

 blockchain in November 2021. ORCA acted as a marketplace for liquidated collateral, one of the first projects to venture into this specialized corner of the DeFi world. Following Terra’s collapse in May 2022, Kujira moved to its own Layer 1 blockchain and has since gradually expanded its offering to include a wide variety of DeFi solutions in addition to ORCA.

 SDK, a popular blockchain development framework, and features a high degree of interoperability with the dozens of platforms that comprise the broader Cosmos ecosystem. Similar to many other Cosmos-based chains, Kujira is based on a 

 (PoS) block validation model. Its blockchain also supports stake delegation, which allows ordinary crypto users to delegate their stakes to active block validators and earn a portion of the staking rewards.

Kujira is described as a semi-permissioned network, since new DApps and smart contracts can only be launched on it if they’re approved by the platform’s governance community. Stakers of the chain’s native cryptocurrency, KUJI, can vote to accept or reject the deployment of new projects and even modifications to existing smart contracts.

Kujira's inclusive and thorough governance process is distinct in the blockchain industry. Many other blockchain platforms allow their user communities to participate nominally in governance processes, but the actual decision-making power of the voters is often limited. In many cases, either the matters put up for voting are of low importance, or approved proposals are further channeled to small power groups, such as foundation committees or a set of core validators, for the final decision.

In contrast, Kujira gives its token holders truly democratic representation for even the most critical issues, such as the launch of new DApps and changes to current ones.

Kujira’s network features high throughput and fast block finalization times. On average, a new transaction block on the platform is finalized in about four seconds. Given Kujira's focus on DeFi, swift transaction processing speed is critical. For instance, many DeFi operations rely on fast processing to limit losses arising from 

The Kujira platform offers DeFi users a wide range of easy-to-use products and DApps. Covered below are products that represent Kujira’s core set of DeFi tools.

BLUE is Kujira’s all-in-one dashboard from which you can conveniently carry out common operations, such as voting on governance proposals, KUJI swaps, delegation of staking to your preferred validator, staking reward claims and cross-chain transfers.

FIN is an order book–style decentralized exchange (

) operating on Kujira. It features low transaction fees for token swaps of just 0.075% and 0.15% for makers and takers, respectively. FIN is a relatively low-cost option as compared to most other decentralized trading platforms. For instance, the industry’s most well-known DEX, Uniswap (

), charges 0.3% at its most common fee tier.

 solution linked to the FIN DEX that combines buy and sell order matching via a centralized book, with an effective AMM-style pool-based liquidity provision. BOW allows DeFi users to contribute funds to token pair pools on FIN in order to boost the pairs’ liquidity levels, similar to the concept of liquidity pools on automated market maker (

) exchanges. Liquidity providers earn a share of the transaction fees generated from the chosen pairs’ swap operations.

FINDER is a blockchain explorer tool for the Kujira network. You can use it to view and track transaction activity related to Kujira addresses, validator nodes, blocks and smart contracts. FINDER even allows users to bookmark specific addresses for later monitoring, a helpful feature often absent from many other blockchain explorers.

GHOST is a money market app that allows you to mobilize your crypto assets for short- or long-term lending or borrowing. A versatile money market tool, GHOST is indispensable for any serious DeFi trader. You can use it to lend or borrow funds on Kujira-based protocols like FIN, BOW and others.

Borrowers first need to deposit collateral in order to borrow an asset. They are then charged interest, which varies according to the overall use of borrowed assets. As loans on GHOST are overcollateralized, borrowers can receive their borrowed assets immediately. If borrowers cannot pay back their loans in time, their collateral will be liquidated through ORCA.

Meanwhile, lenders earn variable interest from borrowers in the form of a receipt token, termed xTOKEN, depending upon the type of token they lend. The xTOKEN can also be used to trade on FIN or place bids on liquidations with ORCA.

ORCA, a unique marketplace for trading liquidated collateral, was the first DeFi app launched by Kujira. It can be used to place bids for liquidated collateral and buy it at discounted rates. Users can expect to swoop up funds liquidated across the entire ecosystem of Cosmos blockchains at discounts of up to 30%. You can specify your preferred markets and discount levels when bidding on liquidated funds. ORCA is among the few platforms that allow retail investors to easily bid on liquidated collateral. In fact, Kujira asserts that it’s the first public marketplace in the industry for such bidding.

POD is another innovative DeFi solution. This app allows you to stake your crypto funds on a variety of Cosmos-based chains, and to select a preferred validator and blockchain to delegate your funds across the dozens of Cosmos blockchains with stake delegation functionality.

The POD platform is envisioned to support true decentralization within the Cosmos ecosystem. For every validator, you can view the total number of funds staked, indicating their overall voting power on the respective chain. Their voting power is measured against the ideal amount of voting power in perfect decentralization, termed the equal power threshold.

Validators who have excessive concentration of funds staked with them — something that goes against the ethos of blockchain decentralization — are portrayed with a red bar. Those with a medium amount of funds above the ideal voting power are depicted in yellow, while validators with a lower proportion of funds staked on them are highlighted in blue. 

Using POD, decentralization purists and aficionados can support the ethos of decentralized blockchain functioning while earning staking rewards across the Cosmos network at the same time. Talk about combining profit with purpose!

PILOT is Kujira’s token launchpad platform. It helps token issuers simplify and better control the process of launching new cryptocurrencies. Issuers can specify the preferred pricing range for their new tokens in order to avoid the massive price swings common during launch events. They can also use the dynamic price estimation and monitoring tools to better adjust token pricing.

For investors, the platform allows them to set specific risk levels for their bids. For instance, those open to higher risk in the expectation of higher returns can benefit from investment strategy recommendations relevant to their risk appetite.

, available in beta version for iOS and Android platforms. Envisioned as a payment platform, SONAR can be used to store, transfer and manage native cryptocurrencies on the Kujira blockchain and its DApps.

SONAR’s beta version was launched in 2023. The Kujira team promotes SONAR as a multichain wallet, which implies that the project has future plans to develop cross-chain functionality for it. This will likely begin with the integration with other Cosmos-based platforms.

USK is an overcollateralized stablecoin that’s pegged to the U.S. dollar and widely used within the Kujira ecosystem of DeFi apps. Users can mint USK by providing collateral in several popular crypto assets, such as ATOM (Cosmos chain's native coin), DOT (

) and UNI (Uniswap), as well as a range of lower-cap cryptos.

Kujira's native token, KUJI, is critical to the overall functionality of its platform. KUJI is used to pay all network and transaction fees on both the blockchain and its DApps. The token is also used in staking, as validators need to lock funds in KUJI to process blocks of transactions. Any KUJI holder can also delegate their funds to a validator to earn a share of the staking rewards.

. Earlier, we noted Kujira’s inclusive, community-driven governance process. In order to participate in on-chain voting, you must stake KUJI.

KUJI is a supply-capped crypto with total, maximum and circulating supplies each reported at over 122 million. The token was launched in November 2021, and its supply was released in stages over the following two years as some of it was subject to 

 periods. The last vesting periods for KUJI expired in November 2023.

KUJI recently experienced an exponential price rally in the crypto market. From Oct 22–Dec 22, 2023, the token appreciated by 282% (from $1.15 to $4.39), and has since been trading at over $4. As of Jan 1, 2024, the KUJI token trades at $4.43, which is 20.4% lower than its all-time high of $5.56 on Dec 14, 2023 and an incredible 247,557% above its all-time low of $0.001787 on May 20, 2022.

The long-term outlook for KUJI is bullish, with DigitalCoinPrice forecasting it 

 in 2025 and $33.75 in 2030. Meanwhile, PricePrediction 

You might consider investing in the KUJI token based on the following factors:

 token, with a maximum supply of around 122 million, and all of that amount has already been minted. The vesting periods for the token release all expired by November 2023, which could lead to temporary supply inflation, but in the long term the inflation rate will subside. KUJI’s deflationary properties likely serve as one of the token's key growth drivers, which will support its price into the future.

2. Kujira is a rare platform that brings absolute simplicity and ease of use to the otherwise complicated DeFi trading environment. As more crypto users leverage the platform to get into DeFi, the demand for the KUJI token is poised to increase.

DeFi’s vast potential remains relatively underutilized, due to its complex and nuanced trading models and setups. The amount of technical knowledge required to reliably generate revenue in DeFi often looks overwhelming to many crypto investors. Kujira, a platform that directly tackles this problem, has finally arrived.

The crypto world is already paying attention to Kujira, as evidenced by KUJI’s head-spinning price rally that led to its all-time high of $5.56 on Dec 14, 2023. Thanks to Kujira, more crypto enthusiasts are discovering that trading profitably in DeFi isn’t limited to hardcore industry veterans. In addition, by democratizing access to DeFi, the Kujira network is set to make a monumental contribution to the overall crypto sector. 

Kujira (KUJI): An Inclusive Approach to Crypto Wealth

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