Ondo Finance Token Surges 24.4% Amid RWA Sector Growth
Ondo Finance, a provider of infrastructure for tokenized real-world assets, has seen its ONDO token surge by 24.4% in the past 24 hours, making it one of the strongest-performing top-50 tokens in the current CoinGecko trending cycle.
The token traded at $0.4476, with a daily volume of $769 million, and a market capitalization of approximately $2.18 billion, placing it at rank 45 by global market cap.
The 24.4% gain was broad-based, not primarily a reflection of Bitcoin weakness, as the price movement was accompanied by a 23.3% gain measured in Bitcoin terms.
Ondo Finance builds infrastructure for tokenized real-world assets, with its flagship products including OUSG, a token backed by short-duration US Treasury bills, and USDY, a yield-bearing stablecoin-adjacent instrument backed by Treasury and bank deposit collateral.
The protocol operates across multiple chains, with Ethereum remaining the primary settlement layer, and has seen steady growth since its inception, with a total value locked of approximately $900 million in early 2025.