Ondo Finance TVL Reaches $1.57 Billion with RWA Tokenization Boost
Ondo Finance (ONDO) experienced a 20% surge, trading at around $1.10. This increase is driven by the growing demand for real-world asset (RWA) tokenization, boosting Ondo’s Total Value Locked (TVL) to record highs.
The newly launched Ondo Global Markets platform attracted over $160 million in assets swiftly, offering access to tokenized stocks and ETFs, including Tesla, Nvidia, and Google. This positions Ondo as a leader in the $26 billion RWA tokenization market, potentially transforming global investing, especially for non-U.S. users.
Ondo Finance's TVL Reaches $1.57 Billion
Ondo Finance's ecosystem growth has seen its DeFi protocols' TVL rise from $563 million earlier this year to over $1.57 billion. Key yield-bearing products include:
- Ondo US Dollar Yield (USDY): Over $500 million in assets
- Ondo Short-Term U.S. Treasuries Fund (OUSG): $724 million locked
The Flux lending arm now manages $42 million in assets, up from $4 million last November, allowing users to borrow stablecoins against tokenized U.S. Treasuries.
Ondo also launched a blockchain tailored for tokenization, enhancing its position in a sector projected to grow significantly.
ONDO Price Outlook
Technically, Ondo formed an inverse head-and-shoulders pattern, signaling a potential bullish reversal. After surpassing the $1.05 resistance, it aims for a breakout above $1.145, with targets of $1.18 and $1.26 in the short term.
Traders are cautious of profit-taking risks due to overbought conditions indicated by ONDO’s relative strength index (RSI). However, factors like BlackRock’s blockchain-based ETFs and expected Fed rate cuts could sustain momentum.
If continued, Ondo Finance’s rise will enhance its status as a DeFi leader and amplify demand for tokenized real-world assets.