Ondo Finance Dominates RWAs with 300% TVL Surge – Is a Price Rally Next?

Real-world assets (RWAs) are heating up, and Ondo Finance just lapped the competition. With total value locked (TVL) exploding by 3X, the protocol’s leaving rivals in the dust. But here’s the billion-dollar question: when do the token holders get paid?

TVL isn’t magic internet money—until it is. Ondo’s numbers scream traction, but crypto markets have a habit of rewarding hype over fundamentals. Remember when ’disruptive fintech’ meant actual disruption, not just vaporware pitch decks?

All eyes on the charts now. If history’s any guide, this could be the calm before the storm—or just another case of ’number go up’ theater. Either way, the degens are watching.

ONDO leads RWAs by TVL growth 

ONDO has been in advance for the reason that Total Value Locked [TVL] increased by 3X within the last year.

The TVL witnessed an increase from around $500M in early January 2025 to a chunk more than $1.20B as May 2025 closed in.

Most of that growth was on ethereum [ETH] and Solana [SOL] blockchains.

About $600M worth of OUSD and USDY were being held on the Ethereum chain. Solana received over $300M through stablecoins on its blockchain that is, OUSG and USDY.

Arbitrum One brought in over $150M in USDY, whereas Polygon [OUSG] had fewer funds deposited, around $50M. This growth coincided with people showing greater interest in Real World Assets (RWAs).

This resulted in more capital going into ONDO’s protocols.

Source: Token Terminal

If investors’ mood stayed positive, the expansion might help push ONDO’s price up again. Still, if HYPE around RWA ended or returns decreased, TVL may not grow anymore.

ONDO grew mainly because of ETH and SOL, showing that there was strong trust in the company on the blockchain. Still, fast market shifts or rival RWA platforms might be a challenge to its leading position.

TVL in RWA so far continues to be dominated by ONDO.

Impact on price action and prediction

As of press time, Ondo was trading at $0.8093, close to a significant horizontal support at $0.79. It was here, at this level, that the market found major support in April.

It was also the final stop for bearish movements, followed by a break of the descending trendline resistance.

Price was able to break the descending trendline in early May, but this was soon retested and failed, which made traders suspect a trap.

Neither bullish nor bearish confirmation was confirmed by the indicators, showing indecision.

However, if ONDO continued to rest above $0.80, it might quickly reverse and MOVE up to $1.3736—a major mid-resistance barrier.

Hitting that number could enable price to move above the highest point reached in late December 2024 which WOULD be at $2.20.

Source: TradingView

A fall under $0.80 would upset the recent support pattern put in place. Furthermore, if the major players sell those assets, it could cause the stock to fall further and prolong the bearish trend started early 2025.

Thus, it is essential for ONDO to keep holding $0.80 in the NEAR future.

If ONDO managed to gain above its current price, but failure at $0.80 could leave the market open to more sellers. Thus, it is worth keeping an eye on the $0.80, $1.37, and $1.95 levels.