Ondo Finance Surges 20% Weekly Amid Hype and Growing DeFi Demand

Ondo Finance (ONDO) has emerged as a standout performer this week, rallying 20% to trade NEAR $1.10. The surge reflects accelerating demand for real-world asset (RWA) tokenization, propelling Ondo’s total value locked (TVL) to unprecedented levels.

The launch of ONDO Global Markets has been pivotal, attracting $160 million in assets within days. The platform offers tokenized access to over 100 stocks and ETFs, including Tesla, Nvidia, and Google—bridging traditional finance with blockchain. Analysts see this as a transformative shift, particularly for non-U.S. investors historically excluded from Wall Street.

Ondo’s ecosystem growth is staggering. TVL across its DeFi protocols has nearly tripled since early 2024, now exceeding $1.57 billion. Yield products like Ondo US Dollar Yield (USDY) and Short-Term U.S. Treasuries Fund (OUSG) dominate with $500 million and $724 million respectively. Meanwhile, its Flux lending arm has expanded tenfold since November.