- Ondo and BlackRock’s tokenized silver inventory, SLVON, emerged as among the finest performers within the end-of-the-year Santa Claus rally.
- The tokenized inventory soared by over 146% within the final 30 days as a provide squeeze hits silver.
Ondo Finance’s (ONDO) tokenized inventory, BlackRock’s iShares Silver Trust (SLVON), has been one of many highest gainers heading into 2026. This got here regardless of the underperformance of Bitcoin (BTC), the ONDO token, and the broader crypto market throughout what was anticipated to be the Santa Claus rally.
Efficiency of Ondo and BlackRock’s SLVON
Coingecko information reveals that SLVON, the tokenized model of the iShares Silver Belief (SLV), made a major push on Monday to $83.32 per token, its second-highest since its record-high of $90.57 post-launch in September. RWA.xyz even signifies its whole asset worth has elevated by over 146% in 30 days.
On Wednesday morning (UTC), SLVON has pulled again to round $64.34 low from a $70.55 excessive over the past 24 hours. It has skilled appreciable demand over the interval, with greater than $6.2 million in buying and selling quantity. In the meantime, the tokenized inventory’s market cap sits at greater than $18.9 million out of its 293,020 circulating provide.
SLVON advantages from the perks of blockchain tokenization, breaking away from the inflexible schedules of conventional inventory exchanges. Retail and institutional traders and merchants have entry to it 24/7, year-round. The highest exchanges that host the token embrace Gate, Uniswap, Ondo International Markets, MEXC, and Pancakeswap.
Ondo mints the SLVON on the Ethereum (ETH) and BNB Chain (BNB) ecosystems.
What’s Influencing the SLVON Worth?
Probably the most vital issue driving the spike in SLVON’s value was silver’s current rally. The dear metallic reached an all-time excessive of $83.62 per ounce throughout the last week of the yr, and sentiment round it trickled all the way down to associated shares and different tradable property.
One other component fueling SLVON is the perceived provide squeeze in silver. Industry experts point out that the silver market is now in its fifth consecutive yr of deficit. The development this yr exponentially soared as demand for silver within the manufacturing of photo voltaic panels, batteries, and AI information facilities has risen.
Moreover, China has reportedly confirmed that it’s going to tighten export licensing for silver beginning January 1, 2026. This has sparked panic shopping for as industrial customers scramble to safe their provides earlier than the deadline.
SLVON outperforms different tokenized property by permitting crypto-native traders to front-run conventional market strikes, that are restricted to standard inventory trade hours.
So far, silver is the fourth-largest asset by market cap, with a valuation of roughly $4 trillion.
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