Ondo Tokenized Assets Flee Ethereum for Multi-Chain Distribution

Ondo's tokenized asset growth is shifting from Ethereum-centric to a broader distribution across multiple chains. The platform now has a $2.1 billion value on Ethereum, which represents only 52.37% of its total asset base.

This shift is largely driven by the growth of Solana, where tokenized assets have surpassed $456.7 million, an increase of 60.32% or approximately $147 million over the past 30 days. BNB Chain has also seen a significant increase to $429.7 million, representing a 19.15% rise.

This expansion in distribution allows Ondo to offer its tokenized product offerings across more networks, increasing accessibility and adoption. The platform currently has 521,028 token holders transferring $2.38 billion per month, indicating that these assets are being transferred into circulation rather than simply created.