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Ondo Finance Unveils New Execution Layer, Boosting ONDO Price

Guavy AI Editorial Team
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ETH ONDO
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Ondo Finance has launched its new execution layer, Ondo Network, which combines centralized exchange-like speed with non-custodial onchain settlement. The network separates execution, validation, and settlement functions to achieve faster and private trading.

The first live app on the network is Ondo Perps, offering 24/7 perpetual futures contracts tied to equities and commodities. Asset transfers currently settle on Ethereum, but support for more blockchains is planned.

The ONDO token remains the governance and incentive token, with no changes announced in its role. The launch has caused a nearly 12% surge in the price of ONDO, which currently trades at around $0.40.

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