Ondo Soars as RWA Revolution Bridges Traditional Finance and Blockchain

Ondo (ONDO) has experienced a notable price surge, with the token trading above $1.09, a 19% increase over the past week and a 4% gain in the last 30 days. This rally aligns with broader momentum in the real-world asset (RWA) tokenization market, which has seen its market capitalization grow from approximately $67 billion to nearly $76 billion in the same timeframe. Ondo Finance, a leading RWA platform, reported a significant increase in its total value locked (TVL), reaching $1.56 billion by mid-September, up from $650 million in January. This growth is attributed to increased demand for Ondo’s tokenized products, including OUSG—a tokenized short-term U.S. Treasury fund—and USDY, a yield-bearing stablecoin. According to RWA.xyz, these two assets alone account for $1.4 billion in TVL.

The surge in Ondo's price and TVL is closely tied to the broader adoption of RWA tokenization. OUSG and USDY now represent about $729 million and $657 million in on-chain value, respectively, reflecting the platform’s role in bridging traditional finance with blockchain technology. The overall on-chain value of tokenized assets has surpassed $29 billion, signaling a fundamental shift in how traditional assets are accessed and traded. Ondo's collaboration with major platforms, such as Trust Wallet and 1inch, has further amplified its growth. In September, Trust Wallet integrated Ondo’s tokenized U.S. stocks and ETFs into its self-custodial wallet, allowing users to trade these assets directly onchain without brokers. This initiative supports Ondo’s mission to democratize access to financial markets and expand the utility of blockchain-based assets.

Technical analysis of the ONDO token suggests a strong bullish setup. The price has approached key resistance levels near $1.13, supported by rising trading volumes and a relative strength index (RSI) of 66, indicating growing momentum. The majority of moving averages, including the 200-day simple moving average (SMA) and the 10-day exponential moving average (EMA), are aligned in a bullish pattern. If the price breaks through the $1.13 resistance, it could potentially move toward $1.20 or even higher, targeting Ondo’s all-time high of $2.14. However, a failure to maintain price above $1.00 could result in a pullback toward $0.95, where multiple technical supports converge.

The surge in Ondo’s price is also supported by increased derivatives activity. Open interest in ONDO futures has risen by 14% to $585 million, and futures trading volume has grown by 67% to $1.38 billion over the past 24 hours. This increase reflects heightened speculative interest and suggests that traders are positioning for further volatility. Analysts view this as a sign of market maturation for Ondo and its underlying RWA ecosystem.

Looking ahead, Ondo’s growth is being fueled by several factors, including institutional partnerships and expanding TVL. The company has also partnered with World Liberty Financial and is integrated with BlackRock’s BUIDL Fund, signaling growing institutional confidence in its RWA infrastructure. Additionally, Ondo’s TVL growth underscores its role in bridging traditional yield-generating assets with the efficiency of blockchain technology.

In conclusion, Ondo’s recent price rally reflects a convergence of strong technical indicators, rising TVL, and growing institutional and retail interest in RWA tokenization. With the broader market for tokenized assets reaching record levels, Ondo is well-positioned to continue expanding its influence in the financial ecosystem.