Binance is backing the MANTRA (OM) and MultiversX (EGLD) network upgrades for enhanced efficiency, RWA tokenization, and blockchain resilience. Learn the suspension timelines, upgrade features, and what it means for OM and EGLD holders in this crypto network upgrade guide.
Binance Announces Support for MANTRA (OM) and MultiversX (EGLD) Network Upgrades: A Boost for Blockchain Efficiency and Innovation.
In the fast-evolving world of cryptocurrency, network upgrades are pivotal milestones that drive scalability, security, and real-world utility. Leading exchange Binance has just confirmed its full support for two major blockchain network upgrades set to roll out 27th October 2025: the MANTRA (OM) network upgrade and the MultiversX (EGLD) network upgrade starts 30th October 2025. These developments promise to supercharge the ecosystems of MANTRA (OM) and MultiversX (EGLD), enhancing everything from real-world asset (RWA) tokenization to overall network resilience.
If you’re holding OM or EGLD tokens, this Binance crypto support announcement is crucial. It includes temporary suspensions of deposits and withdrawals to ensure a smooth transition, but the long-term benefits for crypto network upgrades like these could significantly impact token value and adoption.
Core Improvements in the MANTRA OM Upgrade:
- Enhanced RWA Tokenization: This upgrade streamlines the process of tokenizing physical assets like real estate or commodities, making it faster and more compliant with regulatory standards. It introduces advanced tools for secure, scalable RWA issuance, attracting institutional players to the MANTRA ecosystem.
- Improved EVM Compatibility: By optimizing Ethereum Virtual Machine integration, v6.0.0 reduces gas fees, boosts transaction speeds, and enables seamless cross-chain operations. This is a game-changer for DeFi users bridging assets between MANTRA and other EVM chains like Ethereum or Polygon.
- Staking and Governance Rewards: Building on prior initiatives, the upgrade includes mechanisms to reward long-term stakers (dubbed “Sherpas”) with additional OM incentives, fostering network security and community participation.
Key Aspects of the MultiversX EGLD Upgrade:
- Boosted Network Resilience and Efficiency: This protocol enhancement focuses on optimizing sharding mechanisms for even lower latency and higher throughput. It addresses potential bottlenecks in high-volume scenarios, making EGLD more robust against network congestion.
- Governance and Economic Upgrades: Aligned with MultiversX’s ongoing economic evolution, the upgrade incorporates advanced on-chain governance tools. EGLD holders can now vote more efficiently on proposals, including staking rewards adjustments and ecosystem expansions like xMoney integration for institutional-grade liquidity.
- Security and Interoperability Tweaks: Expect refinements to Secure Proof-of-Stake (SPoS) consensus and better cross-chain bridges, paving the way for seamless interactions with other blockchains.
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