Even amid a broader crypto market downturn, Ondo stands out for its activity in the tokenization of real assets.
Ondo's Stand in the RWA Sector
According to IntoTheBlock, Ondo is leading the real-world asset tokenization space. Its transaction volume is currently close to $300 million, vastly surpassing other projects, which remain under $40 million. Previously, Ondo's transaction volume peaked at $450 million before dropping to $200 million. Recently, it began rising again and is on track to hit the $300 million mark. Despite high transaction volumes, ONDO's market value remains stable, with a price of $1.23, ranking it as the fifth-largest RWA token by market cap.
Recent Achievements of Ondo
Ondo recently unveiled Ondo Chain, a layer-1 blockchain aimed at institutional RWAs. This network addresses infrastructure barriers such as DeFi incompatibility and cross-chain liquidity fragmentation. Developers state that Ondo Chain combines the openness of public blockchains with the security of permissioned networks.
Network Development Plans
Ondo also secured a strategic partnership with the Trump-backed DeFi protocol World Liberty Financial to accelerate the adoption of tokenized real-world assets. This alliance will see WLFI integrate Ondo's tokens as reserve assets within its system.
Ondo continues to grow and evolve in the real-world assets tokenization sector, proving resilient against the volatile crypto market.
