Ondo Perps Surpasses $7 Billion in Cumulative Trading Volume

Ondo Perps has achieved over $7 billion in cumulative trading volume just one month after its launch. The platform, which is the perpetual futures arm of Ondo Finance, went into early access on June 9 and opened broader access on July 7.

Traders can take leveraged positions up to 20x on perpetual contracts tied to tokenized US equities, ETFs, and commodities, tradeable around the clock on-chain. The platform's innovation in collateral allows traders to post tokenized stocks and stablecoins as margin collateral.

This means someone holding tokenized Apple shares doesn't need to sell them to fund a leveraged trade. Ondo Finance has spent years positioning itself as infrastructure for bringing traditional assets on-chain, tokenizing US Treasuries, stocks, and other real-world assets.

Recent enhancements have added fuel to the fire, including the introduction of tokenized stock collateral options and rewards programs that likely involve ONDO token incentives. However, it's worth noting that Ondo Perps is not available to US users due to restricted jurisdictions.