ONDO’s tokenized equity share has fallen from roughly 56% to 26% this year as Binance and Robinhood entered the same market.

Overall tokenized stock market still grew. Ondo’s absolute business grew too. Its relative share did not.

Most people treat $ONDO as the RWA category. The data shows it is one of several platforms competing for the same assets.

#ONDO #RWA #Binance