Ondo Finance (ONDO) has risen as one of many high performers out there this week, surging 20% to commerce round $1.10. The rally comes as demand for real-world asset (RWA) tokenization accelerates, pushing Ondo’s TVL to report highs.
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The just lately launched Ondo Global Markets platform has been a serious progress driver, attracting over $160 million in property inside days. The service allows buyers to entry tokenized variations of greater than 100 shares and ETFs, together with Tesla, Nvidia, and Google.
By bringing Wall Street property onto the blockchain, Ondo is positioning itself as a frontrunner within the $26 billion RWA tokenization market. Analysts argue that this transfer might remodel international investing, significantly for customers exterior the U.S., who’ve historically confronted limitations to inventory market participation.
Ondo Finance’s Total Value Locked Hits $1.57 Billion
Beyond its equities platform, Ondo Finance has seen explosive progress throughout its ecosystem. TVL on its DeFi protocols has surged from $563 million earlier this yr to greater than $1.57 billion immediately. This spike is primarily fueled by Ondo’s yield-bearing merchandise, similar to:
- Ondo US Dollar Yield (USDY): Over $500 million in property
- Ondo Short-Term U.S. Treasuries Fund (OUSG): $724 million locked
The agency’s lending arm, Flux, has additionally expanded quickly, now managing $42 million in property in comparison with simply $4 million final November. Like Aave’s Horizon, Flux lets customers borrow stablecoins in opposition to tokenized U.S. Treasuries, creating new liquidity avenues.
Ondo has additionally launched its personal blockchain, tailor-made for tokenization, which strengthens its moat in a sector projected to succeed in trillions of {dollars} in worth.
ONDO's value developments to the upside on the every day chart. Source: ONDOUSD on Tradingview
ONDO Price Outlook: Can Bulls Break $1.145?
Technically, Ondo has shaped an inverse head-and-shoulders sample, a bullish reversal sign. The token just lately broke previous the $1.05 resistance and is now eyeing a breakout above $1.145, final seen in July. A profitable transfer might open the door towards $1.18 and even $1.26 within the brief time period.
However, merchants are watching carefully for profit-taking dangers, as ONDO’s relative energy index (RSI) indicators overbought circumstances. Regardless, with BlackRock signaling blockchain-based ETFs and Fed fee cuts anticipated to gasoline a broader danger rally, momentum might stay in Ondo’s favor.
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If sustained, Ondo Finance’s surge not solely grows its function as a DeFi chief but additionally builds the fast-growing demand for tokenized real-world property.
Cover picture from ChatGPT, ONDOUSD chart from Tradingview
