Ondo's Tokenized Assets Expand Beyond Ethereum, Solana Takes the Lead

Ondo's tokenized asset growth is expanding beyond a single-network model, with a growing distribution of liquidity across multiple chains.

While Ethereum remains at the core of the platform, its share of the total value has dropped to 52.37%, indicating a decrease in concentration. Solana, on the other hand, has seen a significant increase in tokenized assets, surpassing $456.7 million, a growth of 60.32% or approximately $147 million over the past 30 days.

The expansion of tokenized assets on Solana is also reflected in the growth of tokenized equities, with over $20.7 million worth of tokenized stock being utilized as collateral via Kamino. This indicates that users are seeking to utilize liquidity locked up by their equity holdings without liquidating their equity exposure.

As adoption grows, Ondo's $3.89 billion asset base will be distributed among multiple networks, reducing reliance on Ethereum. Tokenized equities are gaining credit utility, with Solana leading on-chain collateral activity.