Why did the price of ONDO go up?
Ondo (ONDO) increased by 2% in the last 24 hours, despite dropping 12.7% over the past week and 4% over the last month. Here’s what’s driving this movement:
- Growth in tokenized assets – Ondo’s platform for tokenizing stocks and ETFs reached $82.6 million in assets under management (AUM), boosting demand (Weekly Project Updates).
- Large investor buying – Wallets holding between 1 million and 10 million ONDO tokens added 23.73 million tokens since September 5 (Bitget).
- Technical rebound – An oversold Relative Strength Index (RSI) of 22.6 over 7 days triggered short-term buying.
In-Depth Analysis
1. Expansion of Tokenized Assets (Positive Impact)
Overview:
Ondo’s tokenized stock and ETF products, like SPYon and IVVon, surpassed $82.6 million in assets under management as of September 13. This growth outpaces competitors such as xStocks. The launch of Ondo Global Markets in July attracted over $160 million in assets.
What this means:
Tokenization allows traditional financial assets to be accessible on the blockchain, making it easier for institutions and international investors to trade assets like Tesla stock or U.S. Treasury bonds around the clock. Ondo’s Total Value Locked (TVL) jumped from $563 million to $1.57 billion this year, showing strong market acceptance.
What to watch:
The adoption of Ondo Chain, a custom Layer 1 blockchain designed for real-world assets (RWA), and upcoming regulatory clarity around tokenized securities.
2. Large Investor Activity & Market Sentiment (Mixed Impact)
Overview:
Data from the blockchain shows that large holders (wallets with 1 million to 10 million ONDO tokens) have bought 23.73 million tokens, worth about $21 million, since September 5. This buying coincides with the recent price increase.
What this means:
These big investors may expect more demand for real-world assets or new partnerships, such as integration with BlackRock’s BUIDL fund. However, ONDO’s price is still 35% below its August 2025 peak of $1.17, indicating some resistance at higher levels.
What to watch:
Sustained trading volume and price staying above $1.08, which was resistance in August, to confirm continued upward momentum.
3. Technical Rebound (Neutral Impact)
Overview:
The RSI, a measure of recent price momentum, is low at 22.6 over 7 days, indicating the token was oversold. Additionally, a bullish signal from the MACD histogram suggests sellers may be exhausted in the short term.
What this means:
Traders might see this as a chance to buy on the dip. However, longer-term indicators like the 30-day and 200-day simple moving averages (SMAs) at $0.97 and $0.90 respectively suggest some ongoing downward pressure.
What to watch:
A price close above $0.93 (7-day SMA) could indicate a potential trend reversal.
Conclusion
Ondo’s recent 24-hour price increase reflects optimism about its leadership in real-world asset tokenization and buying by large investors. Still, technical signals and overall market uncertainty—crypto market cap dropped 7.7% over the past week—limit the upside. Key point to watch: Can ONDO maintain support at $0.89 ahead of the Federal Reserve’s rate decision on September 17?
What could affect the price of ONDO?
ONDO’s price is caught between two forces: upcoming token unlocks that could increase selling pressure, and growing interest in real-world assets (RWA) that could boost demand.
- Token Unlocks (Bearish) – 85% of ONDO’s tokens are still locked, but scheduled releases could lead to more tokens hitting the market and potentially lower prices.
- RWA Adoption (Bullish) – Ondo manages $1.57 billion in tokenized assets, tapping into a much larger $75 billion market.
- Regulatory Moves (Mixed) – ETF filings and talks with the SEC add credibility, but delays or cautious regulators might slow progress.
Deep Dive
1. Token Unlock Schedule (Potential Downside)
What’s happening:
Most of ONDO’s total 10 billion tokens (over 85%) are locked up and will be gradually released through 2029. Key details:
- Ecosystem Growth (52.1% of tokens): About 24% (1.25 billion tokens) were unlocked at launch, with the rest unlocking quarterly over five years.
- Protocol Development (33% of tokens): Locked for the first year, then slowly unlocked over time.
This steady release means more tokens could be sold, creating selling pressure. For example, in January 2024, CoinList investors unlocked 179 million tokens.
Why it matters:
While the gradual unlock schedule helps avoid sudden price crashes, the ongoing increase in token supply (around 2.5% monthly after 2026) could limit price gains unless demand grows faster. Similar projects like AXS have seen price drops of 30-50% during big unlock events (Ondo Foundation).
2. Growth in Real-World Assets & Partnerships (Positive Outlook)
What’s happening:
Ondo leads in tokenizing real-world assets like government bonds, holding $1.57 billion in total value locked (TVL) split between OUSG ($729 million) and USDY ($657 million). Recent highlights include:
- Launching tokenized stocks and ETFs through partnerships with 1inch and Trust Wallet (September 2025).
- Partnering with BlackRock’s BUIDL Fund to offer institutional-level yield products.
Why it matters:
Tokenizing real-world assets is one of the fastest-growing areas in crypto, with an 11% weekly growth pushing the market to over $76 billion. Ondo’s early lead and connection with BlackRock position it well to attract big investors. This growth in TVL has coincided with an 18% price increase for ONDO over the past 90 days (CoinJournal).
3. Regulatory Developments (Mixed Impact)
What’s happening:
- 21Shares filed for a spot ONDO ETF in July 2025, similar to how Bitcoin ETFs work.
- Ondo acquired Oasis Pro, an SEC-registered broker-dealer, to better navigate U.S. regulations.
Why it matters:
If the ETF gets approved (likely in 2026 or later), ONDO could see a price boost similar to Bitcoin’s 160% rally after its ETF approval in 2024. However, the SEC has been cautious with altcoin ETFs—only 3 approved out of 12 filings—so uncertainty remains. Progress depends on the 2025 U.S. elections and new crypto regulations (Bitget).
Conclusion
ONDO’s future depends on balancing the pressure from token unlocks with growing demand from real-world asset adoption. In the short term, a favorable crypto market and expected Federal Reserve rate cuts (around 25 basis points) could help prices rise. But the larger unlocks planned for 2026-2027 may create resistance. Keep an eye on the Ecosystem Growth unlock tracker and RWA onchain TVL—if TVL breaks above $2 billion while supply remains steady, it could signal a strong bullish trend.
Will institutional investors see ONDO as the “BlackRock of crypto,” or will they pull back during economic uncertainty?
What are people saying about ONDO?
The Ondo (ONDO) community is divided between excitement for a breakout and frustration from price stagnation. Here’s what’s trending right now:
- ETF-related news is pushing ONDO to test resistance around $1.20
- Traders are watching $0.88 as a critical support level
- Long-term investors stay confident due to Ondo’s focus on Real-World Assets (RWA)
Deep Dive
1. @JohncyCrypto: Double bottom pattern points to $2.00 target — bullish
"ONDO’s double bottom pattern looks similar to its setup earlier this year. If it closes above $1.20 on the daily chart, it could jump about 60% to reach $1.70."
– @JohncyCrypto (89K followers · 147K impressions · 2025-07-28 14:15 UTC)
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What this means: This chart pattern has historically led to big price increases for ONDO. However, the $1.20 level has acted as a strong barrier twice since August, preventing further gains.
2. @AltCryptoGems: Support at $0.7550 under pressure — bearish
"If ONDO can’t hold $0.88, it could drop to $0.75. A 12% weekly decline shows weakening momentum despite ETF excitement."
– @AltCryptoGems (62K followers · 83K impressions · 2025-09-05 05:15 UTC)
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What this means: Selling pressure is increasing as ONDO struggles to rise above its 50-day moving average ($0.91). Also, fewer traders are betting on price increases, shown by a 23% drop in derivatives open interest over the past month.
3. @Bitget: 21Shares ETF boosts institutional interest in RWA — bullish
"The 21Shares ETF filing makes ONDO the first DeFi token with regulated ETF exposure. Adoption of USDY, backed by BlackRock, could speed up."
– Bitget Academy (380K followers · 2.1M impressions · 2025-07-23 16:39 UTC)
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What this means: Speculation around ETFs is growing alongside Ondo’s $250 million RWA Catalyst Fund launch. However, a large portion of ONDO tokens (65%) will unlock by 2028, which could put downward pressure on price.
Conclusion
The outlook for ONDO is mixed. Technical signals suggest caution, but Ondo’s work in Real-World Assets and recent acquisitions like Oasis Pro and Strangelove, plus endorsements linked to Trump, indicate growing institutional interest. Keep an eye on the $0.88 to $0.92 price range — breaking above or below this zone could set the tone for the rest of the year.
What is the latest news about ONDO?
ONDO is gaining momentum by expanding its real-world asset (RWA) offerings and seeing strong support from large investors. Here are the latest highlights:
- Tokenizing Wall Street (September 15, 2025) – Ondo now offers tokenized versions of over 100 U.S. stocks and ETFs, like Apple and Tesla, on Ethereum, with plans to expand to BNB Chain and Solana for wider access.
- RWA-Driven Price Surge (September 12, 2025) – ONDO’s price jumped 15% in one week as total value locked (TVL) reached $1.57 billion, fueled by tokenized U.S. Treasury products backed by BlackRock.
- Trust Wallet Partnership (September 9, 2025) – Integration with Trust Wallet and 1inch lets users trade tokenized stocks anytime, boosting ONDO’s usability.
Deep Dive
1. Tokenizing Wall Street (September 15, 2025)
What happened:
Ondo Finance expanded its platform to include tokenized shares of more than 100 U.S. companies and ETFs, such as Apple and Tesla, on the Ethereum blockchain. This move targets investors outside the U.S. by partnering with LayerZero and Chainlink, with plans to add support for BNB Chain and Solana to make these assets more accessible globally.
Why it matters:
This development is positive for ONDO because it bridges traditional financial markets (TradFi) with decentralized finance (DeFi), allowing investors to trade these assets 24/7. Tokenized real-world assets now make up 60% of Ondo’s $1.57 billion TVL, generating steady fee income. However, there are still regulatory challenges around trading securities across borders.
(Source: Bitvavo)
2. RWA-Driven Price Surge (September 12, 2025)
What happened:
ONDO’s price increased by 15% in a week, reaching $1.13, as its tokenized U.S. Treasury products (OUSG, USDY) attracted $1.4 billion in new investments. Ondo now controls 4.7% of the $29 billion on-chain RWA market, surpassing BlackRock’s BUIDL Fund in total value locked.
Why it matters:
This price jump shows strong institutional interest in yield-generating real-world assets, especially as interest rates have been cut. Trading activity in ONDO futures also rose, with open interest up 14% to $585 million. If ONDO’s price breaks above $1.20, it could potentially reach $2.40, but high leverage and funding rates mean price swings could be volatile.
(Source: CoinJournal)
3. Trust Wallet Partnership (September 9, 2025)
What happened:
Ondo teamed up with Trust Wallet to allow over 10 million users to trade tokenized stocks directly through the 1inch exchange. This integration supports fractional ownership, meaning users can buy small portions of expensive stocks, and removes the need for traditional custodians.
Why it matters:
This partnership helps ONDO grow its retail user base in Latin America, Asia, and Africa, which make up 38% of its users. Liquidity improved significantly, with ONDO’s 24-hour trading volume doubling to $430 million. However, competition from other platforms like Backed Finance remains strong.
(Source: Coinspeaker)
Conclusion
Ondo’s growth in institutional real-world assets, strategic partnerships, and expanding global reach solidify its position in the $76 billion tokenization market. With large investors accumulating 23.7 million ONDO tokens since early September, the question is whether clearer regulations will help push the price past $2 before the end of the year.
What is expected in the development of ONDO?
Ondo’s roadmap is centered on growing real-world asset (RWA) tokenization and attracting institutional users. Key upcoming milestones include:
- Global Markets Launch (Q4 2025) – Offering tokenized stocks and ETFs to users outside the U.S.
- Second Wave of Ondo Points (Q4 2025) – Expanding partnerships and giving retroactive rewards to new communities.
- Ondo Chain Mainnet Upgrades (2026) – Improving compliance features to support enterprise adoption.
Deep Dive
1. Global Markets Launch (Q4 2025)
Overview
Ondo plans to roll out its Global Markets platform, which will let non-U.S. users access tokenized U.S. stocks and ETFs. This will be done through partnerships with well-known institutions like BNB Chain, Bitget, and LayerZero (Ondo Finance). By July 2025, Ondo’s Global Markets Alliance will have grown to over 25 members, working together to create standardized infrastructure for tokenized assets.
What this means
This is a positive development for ONDO because it opens up access to high-quality financial assets for more users, which could increase demand for USDY (Ondo’s yield-generating stablecoin) and boost ONDO’s role in governance decisions. However, there are risks such as regulatory challenges and competition from traditional financial companies entering this space.
2. Second Wave of Ondo Points Program (Q4 2025)
Overview
The next phase of Ondo’s rewards program will bring in new partnerships with outside projects and offer retroactive rewards to their communities (Ondo Foundation). The first phase focused on encouraging liquidity provision and participation in governance.
What this means
This could be somewhat positive for ONDO by increasing activity and keeping users engaged in the ecosystem. Still, there’s a chance that rewards might favor new partners too much, which could dilute the value for existing holders.
3. Ondo Chain Mainnet Upgrades (2026)
Overview
Ondo Chain is a permissioned Layer 1 blockchain that launched in February 2025. Planned upgrades will improve how it connects with other blockchains like Ethereum and Solana and add regulatory features such as validators that comply with Know Your Customer (KYC) rules (Bitso Blog).
What this means
This is good news for ONDO because institutional investors need compliant and secure infrastructure. If successful, Ondo could become a key link between traditional finance (TradFi) and decentralized finance (DeFi). However, if enterprises are slow to adopt, progress might be delayed.
Conclusion
Ondo is focusing on building institutional-grade solutions for tokenizing real-world assets, with important developments coming soon in Global Markets and ecosystem rewards. Its long-term success will depend on navigating regulations and getting enterprises to use its blockchain technology. The big question is whether Ondo’s emphasis on compliance and partnerships will help it lead in the growing $53 billion+ tokenization market.
What updates are there in the ONDO code base?
Ondo's development is clearly focused on building strong infrastructure for institutions and enabling assets to move smoothly across different blockchains.
- Ondo Chain Mainnet Launch (February 2025) – A new blockchain compatible with Ethereum tools, designed for tokenizing real-world assets.
- Smart Contract Security Upgrades (July 2025) – Improved security checks and compliance features.
- Cross-Chain Interoperability (August 2025) – Ability to swap assets instantly between Ondo and other blockchains like Solana and Polygon using Chainlink technology.
Deep Dive
1. Ondo Chain Mainnet Launch (February 2025)
Overview: Ondo Chain officially launched as a blockchain focused on turning real-world assets, like bonds or real estate, into digital tokens. It uses technology from Cosmos SDK combined with compatibility for Ethereum-based applications.
The chain is built with institutions in mind, featuring permissioned validators (trusted, regulated entities) and automatic compliance checks. Its test network successfully handled JPMorgan’s first cross-chain delivery-versus-payment (DvP) transaction using tokenized U.S. Treasury bonds (Source).
What this means: This is a positive sign for ONDO because it positions the platform as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), attracting institutions that need compliant, on-chain solutions.
2. Smart Contract Security Upgrades (July 2025)
Overview: In July, Ondo’s developers increased activity by 40% on GitHub, focusing on auditing the tokenization process and adding proof-of-reserve systems for assets like USDY.
They introduced more detailed access controls for asset vaults and improved price feeds to prevent manipulation. These updates came after Ondo acquired Oasis Pro, a broker-dealer regulated by the SEC (Source).
What this means: This is neutral for ONDO’s price or user experience—while the security improvements build trust, they mainly benefit institutional partners rather than everyday users.
3. Cross-Chain Interoperability (August 2025)
Overview: Ondo integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enabling instant swaps of tokenized assets between Ondo Chain and other blockchains like Solana and Polygon.
This upgrade allows assets like USDY to move smoothly across different networks while keeping compliance intact. Early tests showed transaction finality in under 2 seconds for cross-chain settlements (Source).
What this means: This is good news for ONDO because it increases liquidity and makes it easier for institutions to move assets on-chain without delays or extra steps.
Conclusion
Ondo’s recent updates show a clear focus on institutional DeFi, emphasizing security, interoperability, and regulatory compliance. While retail users might not see immediate changes, these developments lay the foundation for broader adoption. The key question going forward is how Ondo will balance decentralization with the strict requirements of institutional partners as its ecosystem grows.