Ondo Finance Surges 20% Weekly Amid Hype and Growing DeFi Demand

Ondo Finance (ONDO) has risen as one of the top performers in the market this week, surging 20% to trade around $1.10. The rally comes as demand for real-world asset (RWA) tokenization accelerates, pushing Ondo’s TVL to record ￰0￱ Reading: Cardano Is Not Dead: Analyst Confirms Breakout With New ADA Price Targets The recently launched Ondo Global Markets platform has been a major growth driver, attracting over $160 million in assets within ￰1￱ service enables investors to access tokenized versions of more than 100 stocks and ETFs, including Tesla, Nvidia, and ￰2￱ bringing Wall Street assets onto the blockchain, Ondo is positioning itself as a leader in the $26 billion RWA tokenization ￰3￱ argue that this move could transform global investing, particularly for users outside the U.

S., who have traditionally faced barriers to stock market ￰4￱ Finance’s Total Value Locked Hits $1.57 Billion Beyond its equities platform, Ondo Finance has seen explosive growth across its ￰5￱ on its DeFi protocols has surged from $563 million earlier this year to more than $1.57 billion ￰6￱ spike is primarily fueled by Ondo’s yield-bearing products, such as: Ondo US Dollar Yield (USDY): Over $500 million in assets Ondo Short-Term ￰7￱ Fund (OUSG): $724 million locked The firm’s lending arm, Flux, has also expanded rapidly, now managing $42 million in assets compared to just $4 million last ￰8￱ Aave’s Horizon, Flux lets users borrow stablecoins against tokenized U.

S. Treasuries, creating new liquidity ￰9￱ has also launched its own blockchain, tailored for tokenization, which strengthens its moat in a sector projected to reach trillions of dollars in value. ONDO's price trends to the upside on the daily chart.) signals overbought conditions. Regardless, with BlackRock signaling blockchain-based ETFs and Fed rate cuts expected to fuel a broader risk rally, momentum could remain in Ondo’s ￰10￱ Reading: XRP Exchange Reserves Balloon 1.2 Billion In One Day, Why This Is Bearish For Price If sustained, Ondo Finance’s surge not only grows its role as a DeFi leader but also builds the fast-growing demand for tokenized real-world ￰11￱ image from ChatGPT, ONDOUSD chart from Tradingview