ONDO is witnessing renewed interest from traders and investors, evidenced by the rise in new wallets and futures metrics.
Surge in ONDO Wallets
Analyst Ali Martinez noted a significant increase in new wallet addresses for ONDO over the past week. On July 23, 2025, the daily new addresses reached a high of 1,804, more than four times the previous week's average. This spike occurred alongside a price rally, with ONDO climbing from below $0.70 to $1.03 during July.
quote: "The number of new daily [$ONDO] addresses has quadrupled over the past week. This is a clear sign of accelerating network growth and rising demand!" — Ali (@ali_charts) [July 25, 2025].
Interest in ONDO Futures
Coinglass data revealed that ONDO’s futures open interest approached $600 million by late July. This marks a strong recovery from March lows and indicates renewed interest from both institutional and retail participants. Currently, ONDO’s price trades around $1.00, down 5.3% in the last 24 hours.
ETF Application by 21Shares
ETF issuer 21Shares has filed a proposal with the U.S. Securities and Exchange Commission to launch the '21Shares Ondo Trust.' The fund will directly hold ONDO tokens, enabling share creation and redemption in both cash and in-kind. Coinbase Custody has been designated to manage the token assets. Following the announcement, ONDO showed a muted price reaction, yet the token posted a 15% gain over the past week.
The growing interest in ONDO, reflected in the increase in new wallets, active futures market, and the filing of an ETF application, may indicate the long-term potential of this asset.
