This Crypto Asset is Dominating the RWA Space Even Amid the Market Drawdown

The broader crypto market is going through a downturn, however some initiatives are nonetheless recording vital community exercise.

One such asset is Ondo (ONDO), the native token of the Ondo ecosystem. It’s a decentralized finance (DeFi) community that leverages blockchain know-how to tokenize real-world property (RWAs).

ONDO Dominates RWAs Area

In accordance with a tweet by the market intelligence platform IntoTheBlock, ONDO is at present dominating the real-world property area. The asset has outperformed most RWA tokens and has the very best transaction quantity.

$ONDO is dominating the RWA area, posting the very best transaction quantity and considerably outperforming different tokens, even within the present sluggish market pic.twitter.com/j7KV79dL1K

— IntoTheBlock (@intotheblock) February 19, 2025

IntoTheBlock knowledge exhibits Ondo’s transaction quantity hovering near $300 million, in comparison with different initiatives whose numbers are lower than $40 million. A number of weeks in the past, Ondo’s transaction quantity spiked to roughly $450 million earlier than a steep plunge that noticed the metric hover round $200 million. Nevertheless, it has begun to rise once more and is properly on its method to smashing the $300 million mark.

Though ONDO dominates transaction volumes, the identical can’t be mentioned for asset costs. Because the fifth-largest RWA by market cap, ONDO was price $1.23 on the time of writing, recording a slight uptick prior to now 24 hours. The asset was down 7% weekly and 6% month-to-month, in keeping with data from CoinMarketCap.

ONDO is among the many most visited tokens on CoinMarketCap, however the asset nonetheless lacks the each day and month-to-month momentum seen amongst its rivals.

Ondo Data Vital Developments

However, the Ondo undertaking has recorded a number of developments currently. The staff lately unveiled the Ondo Chain, a layer-1 blockchain constructed for institutional-grade RWAs. The builders mentioned Ondo Chain was constructed to finish the shortage of options obligatory for regulated property to thrive on-chain.

The brand new community goals to crush infrastructure boundaries for tokenized regulated securities. The boundaries embody incompatibility with DeFi, cross-chain liquidity fragmentation, excessive and unstable transaction charges, and insufficient safety. Ondo Chain combines the openness of public blockchains with the compliance and safety features of permissioned networks.

Moreover the introduction of the Ondo Chain, Ondo Finance lately secured a strategic collaboration with the U.S. President Donald Trump-backed DeFi protocol, World Liberty Monetary (WLFI), to speed up the adoption of tokenized RWAs. The alliance sees WLFI exploring the combination of Ondo’s tokenized property into the WLFI community as treasury reserve property.