Ondo Finance's ONDO Token Surges 24% Amid Growing Demand for RWA
Ondo Finance's ONDO token experienced a significant surge in value, increasing by 24.4% in the past 24 hours to May 9, 2026. This places ONDO as one of the strongest-performing top-50 tokens in the current CoinGecko trending cycle.
The token traded at $0.4476 at the time of writing, with a daily volume reaching $769M. Market capitalization stood at approximately $2.18B, placing ONDO at rank 45 by global market cap. The elevated reading of the volume-to-market-cap ratio suggests active short-term positioning rather than quiet accumulation.
Ondo Finance builds infrastructure for tokenized real-world assets and has seen renewed interest in its protocol due to the growing demand for such products. Total value locked in tokenized Treasury products exceeded $5B in the first quarter of 2026, up from roughly $1.8B at the start of 2025.