đ Ondoâs tokenized-asset story is getting bigger â but the real opportunity may be what happens next.
Ondo now has around $3.89B in tokenized assets, and the money is no longer concentrated mainly on Ethereum.
Ethereum still holds about $2.1B, or 52.37% of the total. But Solana is quickly gaining ground, with tokenized assets above $456.7M after growing more than 60% in 30 days. BNB Chain has also climbed to roughly $429.7M.
That shift matters.
Why?
Because tokenized assets are starting to move from simply âexisting on-chainâ to actually being used.
On Solana, more than $20.7M worth of tokenized stocks is already being used as collateral through Kamino. Ethereum currently has around $5.8M through Euler and Morpho.
For beginners, think of it like this: instead of selling a tokenized stock to get cash, users can potentially borrow against it while keeping their investment.
That could be the next major growth phase.
If lending demand continues rising, Ondoâs tokenized assets could become more useful across multiple chains rather than just representing ownership.
The key signal to watch is simple: Will collateral deposits and borrowing keep increasing without triggering heavy liquidations?
If they do, tokenized equities could evolve from a niche RWA narrative into a genuine on-chain credit market.
Ondoâs $3.89B base is already impressive.
But what if this liquidity starts working harder across every major chain? đ
Ondo now has around $3.89B in tokenized assets, and the money is no longer concentrated mainly on Ethereum.
Ethereum still holds about $2.1B, or 52.37% of the total. But Solana is quickly gaining ground, with tokenized assets above $456.7M after growing more than 60% in 30 days. BNB Chain has also climbed to roughly $429.7M.
That shift matters.
Why?
Because tokenized assets are starting to move from simply âexisting on-chainâ to actually being used.
On Solana, more than $20.7M worth of tokenized stocks is already being used as collateral through Kamino. Ethereum currently has around $5.8M through Euler and Morpho.
For beginners, think of it like this: instead of selling a tokenized stock to get cash, users can potentially borrow against it while keeping their investment.
That could be the next major growth phase.
If lending demand continues rising, Ondoâs tokenized assets could become more useful across multiple chains rather than just representing ownership.
The key signal to watch is simple: Will collateral deposits and borrowing keep increasing without triggering heavy liquidations?
If they do, tokenized equities could evolve from a niche RWA narrative into a genuine on-chain credit market.
Ondoâs $3.89B base is already impressive.
But what if this liquidity starts working harder across every major chain? đ
