ONDO Surges 7000% as Tokenized Treasuries Explode in Two Years

ONDO, the native token of Ondo Finance, has experienced a dramatic rise in the tokenization of real-world assets (RWAs), with total tokenized U.S. Treasuries increasing by approximately 7,000% over the past two years [1]. ONDO now holds a 33% share of all tokenized assets, with $1.3 billion in assets under management (AUM), making it the second-largest player in this emerging market after BlackRock [2]. The project has solidified its position through strategic partnerships, including the recent acquisition of Strangelove, and a collaboration with Alchemy Pay in July to provide access to dollar yields via the USDY stablecoin [3].

The token has also seen a surge in market activity, with stablecoins issued on the Solana blockchain growing to $250 million, capturing around 64% of the segment. This positions ONDO as a key player in the RWA deployment space, a market expected to expand to $30 trillion by 2034 according to Standard Chartered [4]. Despite this strong underlying growth, ONDO’s price has struggled to break past the $1 level, with on-chain data indicating that a whale has been accumulating 1.35 million ONDO tokens, valued at around $1.26 million [5].

Technically, ONDO has been forming a bullish structure within a wedge pattern, with recent support levels at $0.90 and a push toward $0.99 before the mid-August resistance at $1. Analysts suggest that if the token manages to break through this critical price level, it could trigger a rally toward $2 and potentially even $3.10 [6]. Historical performance has shown significant upward waves, with prior gains reaching +240% and +270%. If this pattern continues, Wave 3 could deliver returns of around 350% [7].

The growth of ONDO has largely been driven by both organic adoption and institutional support. Ondo Finance has established partnerships with key players in traditional finance and the Web3 ecosystem, reinforcing its position as a leader in the tokenization space. As the market continues to evolve and more assets are brought onto the blockchain, ONDO is well positioned to benefit, although the question remains whether its price can catch up with the rapid growth in its fundamentals.

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Source:

[1] Token Terminal

[2] CoinMarketCap

[3] CoinMarketCap

[4] Standard Chartered

[5] Arkham Intelligence

[6] CoinMarketCap

[7] Bitcoinsensus