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ONDO Surges 8% as Tokenized RWA Market Hits $29 Billion Milestone
ONDO Surges 8% as Tokenized RWA Market Hits $29 Billion Milestone
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ONDO News -
Ondo (ONDO) rallied 8% to $1.09 as tokenized real-world assets (RWAs) surpassed $29 billion in market value. The token's derivatives volume surged 67% to $1.38 billion, with open interest climbing 14%, indicating increased speculative activity.
Trust Wallet's integration of Ondo-powered tokenized stocks boosted bullish sentiment. Despite trading 50% below its December 2024 peak, ONDO's 19% weekly gain aligns with a broader RWA sector expansion that saw related tokens reach $76 billion in combined market capitalization.
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