In 2024, Ondo Finance emerged as the leading Real World Assets (RWA) protocol among US crypto investors, according to data from CoinGecko.
The protocol captured nearly half of all RWA interest in the US, highlighting its significant influence in this growing sector. The US accounted for 14.8% of the global interest in RWAs, solidifying its role as a key market for the narrative.
Ondo Finance accounts for nearly half of the US’s total RWA interest. In 2024, the US represented 14.8% of global interest in the narrative.
Read the full study: https://t.co/ddMaeDxgae pic.twitter.com/EF6EyuxAWh
— CoinGecko (@coingecko) September 18, 2024
Ondo Finance’s Total Value Locked (TVL) recently hit an all-time high, reflecting strong adoption and investor confidence in the protocol.
This surge in TVL signals growing participation in Ondo’s offerings, even as the price of its native token, $ONDO, lags behind.
Currently, $ONDO is trading 57% below its all-time high, despite the impressive growth in its TVL. The token has broken through key price levels and is now retesting important trends, which may indicate that a price rebound is on the horizon.
$ONDO TVL hits a new all-time high, showing strong adoption and confidence. Despite TVL growth, $ONDO price remains 57% below its ATH, breaking and retesting key trend now
With strong fundamentals, the price might soon follow the TVL pic.twitter.com/I12uAuKVw4
— Matyv (@matyv_7) September 19, 2024
Investor’s Sentiment On ONDO Remains High And Bullish
Many investors are optimistic that $ONDO’s price will soon catch up to its strong fundamentals, as TVL growth often serves as a leading indicator of future price movements. As Ondo Finance continues to gain traction in the RWA sector, the market could see renewed interest in the token, potentially pushing it to recover some of its previous value.
With a robust foundation and increasing user adoption, Ondo Finance is well-positioned to maintain its dominance in the RWA space, and the price of $ONDO could soon follow the upward trajectory of its TVL.
We are having $MPL crossing with a $400m in TVL and we have $ONDO at 616m TVL.
Key factors
– $MPL 145m mcap / $ONDO 868m mcap
– $ONDO supply will increasing from 14% to 53% in january.
– $ONDO drives on Blackrock narrative
– Besides governance what does $ONDO token do?… https://t.co/9trZoaxVCx pic.twitter.com/8E7xJjvhSs
— MK (@mk_trader) September 18, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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