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

The broader crypto market is dealing with a downturn, however some tasks 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 belongings (RWAs).

ONDO Dominates RWAs House

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

$ONDO is dominating the RWA area, posting the 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 tasks 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 effectively on its option to smashing the $300 million mark.

Though ONDO dominates transaction volumes, the identical can’t be stated for asset costs. Because the fifth-largest RWA by market cap, ONDO was value $1.23 on the time of writing, recording a slight uptick previously 24 hours. The asset was down 7% weekly and 6% month-to-month, in line 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 Important Developments

Nonetheless, the Ondo challenge has recorded a number of developments currently. The staff not too long ago unveiled the Ondo Chain, a layer-1 blockchain constructed for institutional-grade RWAs. The builders stated Ondo Chain was constructed to finish the dearth of options needed for regulated belongings 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 risky transaction charges, and insufficient safety. Ondo Chain combines the openness of public blockchains with the compliance and safety features of permissioned networks.

In addition to the introduction of the Ondo Chain, Ondo Finance not too long ago 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 belongings into the WLFI community as treasury reserve belongings.