Lower than a month after launch, Ondo Perps has crossed a significant milestone, recording greater than $300 million in 24-hour buying and selling volume whereas nearing $70 million in open curiosity.
Based on data from DeFiLlama, Ondo Perps generated $320.18 million in buying and selling volume over the past 24 hours. Buying and selling volume reached $1.497 billion over the past seven days and $4.218 billion in lower than a month.
Since launch, cumulative buying and selling volume has climbed to $5.763 billion, with open curiosity approaching $69.89 million.
Related: Ondo Finance CEO explains what happens when Fidelity and Schwab enter tokenization
Quick development in lower than a month
The milestone comes lower than one month after Ondo Perps went reside on July 7, making it one of many fastest-growing platforms centered on real-world asset (RWA) perpetual futures.
Perpetual futures, usually referred to as perps, are contracts that enable merchants to invest on an asset’s value with out proudly owning it. Ondo Perps applies this mannequin to tokenized real-world assets, giving customers on-chain entry to derivatives linked to conventional monetary markets.
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The sturdy buying and selling exercise suggests rising curiosity in superior monetary merchandise constructed on blockchain, significantly as tokenized real-world property proceed gaining traction throughout the crypto business.
RWA derivatives achieve momentum
The fast rise in volume additionally highlights broader momentum behind the tokenized RWA market. As extra monetary property transfer on-chain, demand is increasing past merely holding tokenized property to buying and selling them by means of derivatives.
With greater than $320 million in every day buying and selling volume, $5.763 billion in cumulative volume, and open curiosity nearing $70 million, Ondo Perps has shortly established itself as one of many main platforms in the rising RWA perpetual futures market.
If buying and selling exercise continues at its present tempo, the protocol might strengthen its place as a key venue for on-chain RWA derivatives solely weeks after its debut.
Related: Ondo leads tokenized stocks market as Wall Street moves onchain
This story was initially printed by TheStreet on Jul 31, 2026, the place it first appeared in the MARKETS part. Add TheStreet as a Preferred Source by clicking here.
