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Ondo Finance Rallies on Tokenized Stocks Launch, TVL Reaches $1.57 Billion

Rising derivatives interest reflects speculative momentum tied to the Global Markets launch.

Overview

  • ONDO trades around $1.09–$1.13 after a weekly gain of roughly 15%–21% and an intraday jump of about 8%–12%, according to market data.
  • Total value locked stands near $1.56–$1.57 billion, nearly tripling since early 2025, DeFiLlama data shows.
  • Global Markets now offers tokenized versions of more than 100 U.S. stocks and ETFs on Ethereum for eligible non‑U.S. users, drawing roughly $160 million since launch.
  • The broader RWA sector set records this week with a token market cap near $76 billion and more than $29 billion in on‑chain tokenized assets, per RWA.xyz.
  • Trading heat intensified with 24‑hour spot volume around $430–$500 million, open interest near $586 million, and futures volume up to $1.38 billion, signaling greater short‑term volatility risk.