Ondo Finance (Ondo) rose this week as one of the top performers in the market, surgening 20% in a trade of around $1.10. The rally will accelerate demand for real-world asset (RWA) tokenization, encouraging Ondo’s TVL to hit highs.
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The recently launched Ondo Global Markets platform is a major growth driver, attracting more than $160 million in assets within days. The service allows investors to access to tokenized versions of over 100 stocks and ETFs, including Tesla, Nvidia and Google.
By bringing Wall Street assets to blockchain, Ondo has established itself as a leader in the $26 billion RWA tokenization market. Analysts argue that the move can change global investments, particularly for non-US users, who have traditionally faced barriers to stock market participation.
Ondo Finance Total Locked Locks reach $1.57 billion
Beyond the stock platform, Ondo Finance is experiencing explosive growth across its ecosystem. Defi Protocol’s TVL has skyrocketed from $563 million this year to more than $1.57 billion today. These spikes are fueled primarily by products containing Ondo’s yield.
Ondo US Dollar Irde (USDY): Over $500 Million Assets ONDO Short-Term US Fund (OUSG): $724 million lock
The company’s lending unit, Flux, also expanded rapidly, managing assets of $42 million in November, compared to just $4 million. Like the Aave horizon, Flux allows users to borrow Stablecoins against tokenized US treasury to create new liquidity instruments.
Ondo has also launched its own blockchain, tailored to the tokenization. This strengthens the moat in sectors that are expected to reach trillions of dollars worth.
Prices on Ondo are the advantages of daily charts. Source: Ondousd on tradingView
Ondo Price Outlook: Can Bulls break $1.145?
Technically, Ondo formed a reversed head and shoulder pattern, a bull inverted signal. The token recently broke beyond $1.05 resistance and is now looking at breakouts above $1.145, which are currently seen in July. A successful move could open the door heading towards $1.18 in the short term, or even $1.26.
However, traders are closely watching the risk of making profits, as Ondo’s relative strength index (RSI) shows the terms of buy. Anyway, momentum could remain in Ondo’s favor, thanks to BlackRock signaling blockchain-based ETFs and reduced Fed rates, which are expected to drive wider risk rallies.
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As it persists, the surge in Ondo Finance not only expands its role as a Defi leader, but also builds up a rapidly growing demand for tokenized real-world assets.
ChatGpt cover image, TradingView’s Ondousd chart
