š¦ Is RWA more than just a story? Ondoās total value locked surpasses $4 billion
On October 14, Ondo Finance announced on its official X account that the total value locked (TVL) across its products had surpassed $4 billion. Data from third-party tracking platform RWA.xyz also puts its value at around $4 billion.
š What makes up that $4 billion?
ā¢ Tokenized U.S. Treasuries: approximately $3 billion (RWA.xyz data), ranking first among issuers
ā¢ Tokenized stocks and ETFs: over $1.3 billion, its fastest-growing new business
ā¢ Total holders: over 1 million
ā¢ Assets can be transferred between Solana, Ethereum, and BNB Chain
š Points to keep in perspective
ā¢ Treasuries still make up the bulk; stocks and ETFs account for only about a third
ā¢ TVL growth doesnāt guarantee that the ONDO token will rise: ONDO actually fell on the day of the announcement
ā¢ Platforms such as Binance are also launching stock tokens, and competition is intensifying
š Market snapshot
ONDO is currently around $0.4345, down about 4.5% in 24 hours. Its low over the past two weeks was around $0.411, and its high was around $0.525.
ā¢ Support: $0.42 / $0.411
ā¢ Resistance: $0.4725 / $0.50
š¬ Do you think RWA will become the key narrative of the next cycle, or has the good news already been priced in? Share your thoughts in the comments š
š Trade ONDO: https://www.binance.com/zh-CN/trade/ONDO_USDT
#OndoFinanceę»éä»ä»·å¼ēŖē “40äŗæē¾å #RWA #ONDO #TokenizedAssets
ā ļø This is not investment advice. Please be aware of the risks.
On October 14, Ondo Finance announced on its official X account that the total value locked (TVL) across its products had surpassed $4 billion. Data from third-party tracking platform RWA.xyz also puts its value at around $4 billion.
š What makes up that $4 billion?
ā¢ Tokenized U.S. Treasuries: approximately $3 billion (RWA.xyz data), ranking first among issuers
ā¢ Tokenized stocks and ETFs: over $1.3 billion, its fastest-growing new business
ā¢ Total holders: over 1 million
ā¢ Assets can be transferred between Solana, Ethereum, and BNB Chain
š Points to keep in perspective
ā¢ Treasuries still make up the bulk; stocks and ETFs account for only about a third
ā¢ TVL growth doesnāt guarantee that the ONDO token will rise: ONDO actually fell on the day of the announcement
ā¢ Platforms such as Binance are also launching stock tokens, and competition is intensifying
š Market snapshot
ONDO is currently around $0.4345, down about 4.5% in 24 hours. Its low over the past two weeks was around $0.411, and its high was around $0.525.
ā¢ Support: $0.42 / $0.411
ā¢ Resistance: $0.4725 / $0.50
š¬ Do you think RWA will become the key narrative of the next cycle, or has the good news already been priced in? Share your thoughts in the comments š
š Trade ONDO: https://www.binance.com/zh-CN/trade/ONDO_USDT
#OndoFinanceę»éä»ä»·å¼ēŖē “40äŗæē¾å #RWA #ONDO #TokenizedAssets
ā ļø This is not investment advice. Please be aware of the risks.