Ondo Finance TVL Surges to $1 Billion in 30 Days Amid Price Volatility

Ondo Finance has made significant strides in the decentralized finance (DeFi) space, achieving a total value locked (TVL) of over $1 billion in just 30 days. This rapid growth has positioned Ondo at the forefront of the tokenized U.S. Treasuries market, which now exceeds a total market value of $4 billion. The project's success has quickly established it as a major player in this rapidly expanding sector.

Despite its impressive growth, Ondo's price action has shown some signs of uncertainty. The token has been trading within a symmetrical triangle formation after its sharp hike, with its price nearing the lower boundary of the pattern. At the time of reporting, ONDO was trading at $0.96, down 6.26% in the last 24 hours. This price decline hints at short-term uncertainty, although the overall trend has been positive. The prevailing downtrend in price raises questions about the token’s short-term stability.

Ondo has recorded 4,803 daily active addresses, indicating a moderate uptick in user activity. This increase in daily engagement is a positive indicator, especially considering the growing adoption of tokenized treasuries. The growth in daily active addresses signifies that more investors are interacting with the platform and participating in the expanding DeFi ecosystem. However, it remains to be seen whether this trend will continue, given the volatility across the market.

Large transactions have been on the decline, with a 1.09% drop in large transaction activity. This suggests that some major players may be retreating from Ondo, possibly due to its latest price correction. It could also indicate that institutional investors are taking a more cautious approach, waiting for clearer signals before committing more capital. The fall in large transactions highlights the need to monitor sentiment across the broader market.

The liquidation heatmap for Ondo also adds to the cautious outlook. Significant liquidations are happening in the 0.96–1.00 price range, a sign that many traders are exposed to risk near these levels. As the price continues to approach this range, there could be an increase in liquidation activity, which may contribute to further volatility. Watching the liquidation levels will be essential, as it could signal potential for sharp price fluctuations if a wave of liquidations takes place.

Despite Ondo’s remarkable growth in TVL and increase in user activity