RWA protocols Mantra (OM) and Ondo (ONDO) remained bullish in the past day, soaring 13.10% and 5.98%, respectively.
Hyperliquid (HYPE) also showed strength, soaring 13% and generating $1.97 million in 24-hour revenue.
Technical indicators show that HYPE bulls have exhausted strength in the short term while ONDO maintains bullish position on the daily chart.
Hyperliquid and Mantra were two of the few major cryptocurrencies that saw significant gains in the past 24 hours, both surging 13%. Meanwhile, the broader crypto market, including Bitcoin, faced a downturn. before recovering to $99,100, according to .
The real-world asset (RWA) tokenization sector is proving to be a strong performer this cycle. Mantra (OM) and Ondo both remained bullish, rising by 13.10% and 5.98%, respectively. The sector’s market capitalization currently stands at $61.20 billion, while trading volume saw a massive 245% increase. This surge in activity indicates that demand for RWA tokens is still strong.
Hyperliquid Remains Popular
Hyperliquid, a protocol at the intersection of AI and blockchain, also remained bullish with a 13% gain. AI-based tokens have performed exceptionally well this cycle, with the sector now valued at $35 billion. In the past day alone, over $8.43 billion worth of AI tokens were traded, reflecting a 178% spike in trading volume.
Crypto analysts consider HYPE one of the most promising projects for 2025. A social media user on platform X (formerly Twitter) Hyperliquid for its fair token launch and strong community.
Publishing this chart on Hyperliquid for 2025 to get you all to understand on where we are heading.
You are looking at an asset with the fairest launch we have seen to date with the highest immediate growth potential that from day 1 drove value back to token holders.
Strap in… pic.twitter.com/EaQFMtwyqe
— McKenna (@Crypto_McKenna) February 2, 2025
Publishing this chart on Hyperliquid for 2025 to get you all to understand on where we are heading.
You are looking at an asset with the fairest launch we have seen to date with the highest immediate growth potential that from day 1 drove value back to token holders.
Strap in…
— McKenna (@Crypto_McKenna)
Additionally, the protocol has been generating solid revenue, with $1.97 million earned in the past 24 hours and $52.22 million over the past month, according to .
HYPE and OM Price Analysis
At the time of writing, HYPE is trading at $24.81, while OM stands at $5.71. HYPE has a market capitalization of $8.26 billion, whereas OM is valued at $5.76 billion. Mantra recently hit a new all-time high just four days ago, whereas Hyperliquid has declined 30% from its peak recorded a month ago.
Photo: TradingView
The four-hour chart for HYPE above shows strong bullish momentum, with the Relative Strength Index (RSI) at 52.87. However, the slight downward slope suggests a potential correction. The price is currently in the bullish region of the Bollinger Bands, with the upper resistance level at $28.16.
Photo: TradingView
OM’s RSI stands at 68.82, indicating that bulls are still in control. However, the token is approaching the overbought zone. The Moving Average Convergence Divergence (MACD) indicator remains bullish for OM, suggesting that the token may attempt to break above the $6 resistance level.