Ondo Finance (ONDO) has become a top market performer, with its price jumping 20% to around $1.10. This surge is driven by a massive increase in demand for real-world asset (RWA) tokenization, which has pushed the platform’s Total Value Locked (TVL) to a new record of $1.57 billion.
A key factor in this growth is the recently launched Ondo Global Markets platform, which allows investors to access tokenized versions of over 100 stocks and ETFs, including major companies like Tesla and Google. By bringing traditional Wall Street assets onto the blockchain, Ondo is establishing itself as a leader in the growing RWA tokenization market.
In addition to its new equities platform, Ondo's yield-bearing products have seen significant growth. Its US Dollar Yield (USDY) product has over $500 million in assets, while the Short-Term U.S. Treasuries Fund (OUSG) holds $724 million. The company’s lending platform, Flux, has also expanded rapidly, with $42 million in assets.
From a technical perspective, the ONDO token is showing bullish signs, forming a classic inverse head-and-shoulders pattern. After breaking past the $1.05 resistance level, the next target for bulls is $1.145. If it successfully breaks through this, the price could climb to $1.18 and potentially $1.26. While the Relative Strength Index (RSI) indicates the token is overbought, market momentum and broader financial trends, like potential Fed rate cuts, could keep the rally going.
September 2025, Cryptoniteuae