Ondo Finance is becoming one of the biggest beneficiaries of the tokenization wave, and The price of ONDO shares are beginning to show this change. The token is up more than 25% today and nearly 70% this week as investors have taken steps to accelerate adoption of blockchain-based assets and boost the RWA market.
The recent headlines around the border storage space involving JP Morgan, Mastercard and Ripple added new fuel to the sector, while reports about Ondo Finance’s DTCC-backed tokenized tokenized process and limited trading plans later this year strengthened market confidence. Combined with the proven variety and the high quality of the product, this move has placed ONDO among the strongest products in the market.
Traders are now looking closely at whether ONDO’s price rally has enough strength to reach the $1 price in the coming weeks.
Why is the price of ONDO rising?
The recent ONDO price rally seems to be closely related to the strengthening of the surrounding tokenization issues Ondo Finance and the entire RWA universe. Market sentiment was boosted after Ondo Finance was involved in a cross-border Treasury deal involving infrastructure linked to JP Morgan, Mastercard and Ripple. The development showed how the US Treasury’s operational products can run the bank’s integrated blockchain with real-time stability, strengthening confidence in the use cases of the institutions behind the popular products.
An additional power appeared after reports said that the DTCC had appointed Ondo to act on financial matters affecting major TradFi and DeFi players. These changes fueled speculation that Ondo Finance will play a major role in the future of blockchain finance.
The broader RWA issue has gained momentum in recent weeks as more and more investors search for high-value assets, emerging digital assets and investment strategies.
ONDO Derivatives Activity is exploding
The breakout in ONDO prices was accompanied by a sharp increase in derivatives, indicating the aggressive role behind the move.
According to Coinglass data, ONDO futures volume jumped 184.9% to $1.52 billion, while open interest rose 56% to $265 million within 24 hours. The rapid growth indicates that new positions entered the market as traders chased the rally. Stocks remained positive during this period, indicating continued growth in the long-term futures market.
At this time, DefiLlama data showed Ondo Finance’s stock price has been closed rising above $3 billion after seeing steady growth in recent months. The continued growth of ecosystem liquidity continues to fuel the long-term issues surrounding Ondo Finance.
ONDO Price Breakout Opens Path to $1
The price of ONDO has now confirmed the end of several months increasing between $ 0.25 and $ 0.30 after several months of consolidating near the bottom. The explosion was supported by a significant increase in the volume of the property along with a significant increase in the speed indicators. ONDO’s share price has returned to significant levels for the first time since the market correction phase began earlier this year.
The same resistance is now near the $0.50 sentiment area, which is in line with the first major target seen in the higher time frame. If the increase in strength remains stable, the next targets can be seen near $0.70 and eventually reach the $1 zone.
However, traders can watch if the price of ONDO can remain supported above the previous level around $0.30-$0.35 during any short-term consolidation.
Outlook
ONDO’s latest price rally shows the rapid flow of capital into RWA projects that are highly sensitive while corporate news strengthens the entire crypto market. If Ondo Finance continues to grow its relationships and maintain organic growth, ONDO’s stock may remain one of the strongest plays in the RWA sector heading into Q2.
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