- Ondo Finance’s TVL rises 3x over the previous yr, with most growth on Ethereum and Solana blockchains.
- If ONDO holds above the $0.80 stage, a potential reversal would possibly occur.
Ondo Finance [ONDO] continued to remain beneath the $1 mark with a slight 5% drop, whereas the every day quantity solely rose by a mere 5%. Regardless of this, ONDO stayed on topped RWAs sector in adoption.
ONDO leads RWAs by TVL growth
ONDO has been upfront given that Whole Worth Locked [TVL] elevated by 3X inside the final yr.
The TVL witnessed a rise from round $500M in early January 2025 to a bit greater than $1.20B as Could 2025 closed in.
Most of that growth was on Ethereum [ETH] and Solana [SOL] blockchains.
About $600M value of OUSD and USDY have been being held on the Ethereum chain. Solana obtained over $300M by way of stablecoins on its blockchain that’s, OUSG and USDY.
Arbitrum One introduced in over $150M in USDY, whereas Polygon [OUSG] had fewer funds deposited, round $50M. This growth coincided with individuals displaying better curiosity in Actual World Property (RWAs).
This resulted in additional capital going into ONDO’s protocols.
Supply: Token Terminal
If traders’ temper stayed optimistic, the growth would possibly assist push ONDO’s price up once more. Nonetheless, if hype round RWA ended or returns decreased, TVL might not develop anymore.
ONDO grew primarily due to ETH and SOL, displaying that there was robust belief within the firm on the blockchain. Nonetheless, quick market shifts or rival RWA platforms could be a problem to its main place.
TVL in RWA up to now continues to be dominated by ONDO.
Influence on price motion and prediction
As of press time, ONDO was buying and selling at $0.8093, near a big horizontal help at $0.79. It was right here, at this stage, that the market discovered main help in April.
It was additionally the ultimate cease for bearish actions, adopted by a break of the descending trendline resistance.
Price was capable of break the descending trendline in early Could, however this was quickly retested and failed, which made merchants suspect a lure.
Neither bullish nor bearish affirmation was confirmed by the indications, displaying indecision.
Nonetheless, if ONDO continued to relaxation above $0.80, it’d shortly reverse and transfer as much as $1.3736—a significant mid-resistance barrier.
Hitting that quantity may allow price to maneuver above the very best level reached in late December 2024 which might be at $2.20.
Supply: TradingView
A fall beneath $0.80 would upset the current help sample put in place. Moreover, if the main gamers promote these belongings, it may trigger the inventory to fall additional and lengthen the bearish development began early 2025.
Thus, it’s important for ONDO to maintain holding $0.80 within the close to future.
If ONDO managed to achieve above its present price, however failure at $0.80 may depart the market open to extra sellers. Thus, it’s value maintaining a tally of the $0.80, $1.37, and $1.95 ranges.
