Ondo Finance is making headlines in the real-world asset (RWA) sector after its USDY product overtook BlackRock’s BUIDL to become the largest tokenized US Treasury product by reported asset value.
According to the reported figures, USDY’s total asset value climbed 4.15% to approximately $2.37 billion, surpassing BUIDL, which declined 4.7% to around $2.17 billion over the same 30-day period.
📊 INVESTOR INTEREST CONTINUES TO GROW
Data from RWA.xyz showed that USDY’s holder count increased 5.43% to 19,546 over the past month. Meanwhile, Ondo’s broader tokenized asset ecosystem exceeded $4 billion in value, with its total holder count approaching 560,000 after rising approximately 10% in 30 days.
These figures highlight the growing interest in blockchain-based financial products that offer exposure to yield-bearing assets.
🌍 TOKENIZATION SECTOR EXPANDS
The wider tokenized US Treasury market is also experiencing significant growth. Reported estimates placed its total value at approximately $14.94 billion, representing a 64% increase year to date.
The expansion suggests that traditional financial instruments are gradually finding a larger role within the digital asset ecosystem.
⚠️ WHAT ABOUT THE ONDO TOKEN?
Despite the positive adoption figures, ONDO's price has faced selling pressure since late September, falling below the $0.40 support level and reaching approximately $0.39.
Importantly, growth in USDY does not automatically translate into buying demand for the ONDO token.
📌 MARKET OUTLOOK
Ondo's expanding ecosystem strengthens its position in the RWA sector, but traders should watch price action, volume and market structure before expecting a recovery.
The big question: Can ONDO's growing adoption eventually translate into bullish price momentum?
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