Ondo Perps Surges Past $8B in Volume Amid Tokenized Stocks Frenzy

Ondo Perps has made waves in the crypto market by surpassing $8 billion in cumulative perpetual futures volume, just weeks after launching publicly. The platform allows non-U.S. traders to use tokenized stocks and other assets as collateral, with leverage of up to 20x.

This model builds on Ondo's broader tokenization infrastructure, which provides exposure to underlying U.S. securities while remaining transferable and compatible with DeFi applications. Ondo currently lists over 440 tokenized stocks and ETFs across supported ecosystems, including Ethereum, BNB Chain, and Solana.

The growing volume also connects Ondo Perps with a wider shift in how tokenized assets are used. Tokenized equities can potentially serve as collateral, portfolio assets, and building blocks for derivatives while remaining connected to traditional market liquidity.