Ondo Finance Surges 20% Weekly Amid Hype and Growing DeFi Demand
Ondo Finance (ONDO) has risen as one of the top performers in the market this week, surging 20% to trade around $1.10. The rally comes as demand for real-world asset (RWA) tokenization accelerates, pushing Ondo’s TVL to record highs. Related Reading: Cardano Is Not Dead: Analyst Confirms Breakout With New ADA Price Targets The recently launched Ondo Global Markets platform has been a major growth driver, attracting over $160 million in assets within days. The service enables investors to access tokenized versions of more than 100 stocks and ETFs, including Tesla, Nvidia, and Google. By....
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Ondo Finance has been holding strong amid volatility and uncertainty, standing out compared to other altcoins struggling in the current market environment. Despite price swings across the crypto space, Ondo has maintained resilience, driven by key developments and growing institutional interest. Related Reading: Bitcoin Volatility Range Drops 50% In A Month – Compression Before Expansion? […]
Ondo Finance (ONDO) has been experiencing heavy selling pressure and heightened volatility, as the broader crypto market continues its downward trend. Since the start of March, ONDO has lost over 40% of its value, reflecting the overall risk-off sentiment in the market. With fear dominating price action, analysts are warning of further declines as investors remain hesitant to re-enter long positions. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple Despite the ongoing downtrend, on-chain data from Glassnode reveals a notable shift....
Ondo Finance, a Layer 1 (L1) blockchain protocol, has recently announced the launch of Ondo Global Markets, designed to enable non-US investors to access over 100 tokenized US stocks and exchange-traded funds (ETFs) on the Ethereum (ETH) blockchain. Following this announcement, the price of Ondo’s native token, ONDO, surged over 6% close to the $1 mark after opening the week at $0.86, aligned with the broader crypto market’s correction. Founder Calls Ondo Global Markets A ‘Breakthrough’ According to the protocol’s press release, Ondo Global Markets aims to provide one....
Despite failing to break out of its downtrend, ONDO could be preparing for a surge above the $2 barrier. Some analysts suggest it could repeat its 2024 playbook if it continues to hold its current levels. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? ONDO Breakout Eyes $2 ONDO, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, is attempting to reclaim a key area amid the market pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since losing the area as support over three months ago. In December,....
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode, ethereum (ETH) miners have also seen a corresponding sharp drop in total earnings from fees over the past three weeks. On Sept. 17, miners raked in 42,763 ETH, or $14.97 million, in fees, but that tanked to just 5,898 ETH, or $2.06 million, as of Sunday. As a percentage of miners’ total revenue,....