Ondo Finance’s ONDO token has surged 20% this week, trading around $1.10 as demand for real-world asset tokenization reaches new heights. The platform’s TVL has hit record levels, driven by its innovative tokenization services and yield-bearing products. This growth positions Ondo as a key player in the expanding $26 billion RWA market.
- Ondo Global Markets platform attracted $160M+ in assets within days by offering tokenized versions of 100+ stocks and ETFs
- TVL surged from $563M to $1.57B driven by yield products USDY ($500M) and OUSG ($724M) with lending arm Flux growing from $4M to $42M
- Technical pattern suggests potential breakout above $1.145 with targets at $1.18-$1.26, though RSI indicates overbought conditions