The broader crypto market is dealing with a downturn, however some initiatives are nonetheless recording vital community exercise.
One such asset is Ondo (ONDO), the native token of the Ondo ecosystem. It is a decentralized finance (DeFi) community that leverages blockchain know-how to tokenize real-world property (RWAs).
ONDO Dominates RWAs Space
In response to a tweet by the market intelligence platform IntoTheBlock, ONDO is at present dominating the real-world property area. The asset has outperformed most RWA tokens and has the highest transaction quantity.
$ONDO is dominating the RWA area, posting the highest transaction quantity and considerably outperforming different tokens, even in the present sluggish market pic.twitter.com/j7KV79dL1K
— IntoTheBlock (@intotheblock) February 19, 2025
IntoTheBlock knowledge reveals Ondo’s transaction quantity hovering near $300 million, in comparison with different initiatives whose numbers are lower than $40 million. A couple of weeks in the past, Ondo’s transaction quantity spiked to roughly $450 million earlier than a steep plunge that noticed the metric hover round $200 million. Nonetheless, it has begun to rise once more and is effectively on its approach to smashing the $300 million mark.
Though ONDO dominates transaction volumes, the similar can’t be stated for asset costs. As the fifth-largest RWA by market cap, ONDO was price $1.23 at the time of writing, recording a slight uptick in the previous 24 hours. The asset was down 7% weekly and 6% month-to-month, in accordance with data from CoinMarketCap.
ONDO is amongst the most visited tokens on CoinMarketCap, however the asset nonetheless lacks the every day and month-to-month momentum seen amongst its rivals.
Ondo Information Vital Developments
However, the Ondo venture has recorded a number of developments currently. The crew not too long ago unveiled the Ondo Chain, a layer-1 blockchain constructed for institutional-grade RWAs. The builders stated Ondo Chain was constructed to finish the lack of options vital for regulated property to thrive on-chain.
The brand new community goals to crush infrastructure obstacles for tokenized regulated securities. The obstacles embrace incompatibility with DeFi, cross-chain liquidity fragmentation, excessive and risky transaction charges, and insufficient safety. Ondo Chain combines the openness of public blockchains with the compliance and security measures of permissioned networks.
Moreover the introduction of the Ondo Chain, Ondo Finance not too long ago secured a strategic collaboration with the U.S. President Donald Trump-backed DeFi protocol, World Liberty Monetary (WLFI), to speed up the adoption of tokenized RWAs. The alliance sees WLFI exploring the integration of Ondo’s tokenized property into the WLFI community as treasury reserve property.
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