This Crypto Asset is Dominating the RWA Area 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 expertise to tokenize real-world belongings (RWAs).

ONDO Dominates RWAs Area

In keeping with a tweet by the market intelligence platform IntoTheBlock, ONDO is at present dominating the real-world belongings 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 information reveals 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 strategy 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 price $1.23 on the time of writing, recording a slight uptick up to now 24 hours. The asset was down 7% weekly and 6% month-to-month, in accordance with data from CoinMarketCap.

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

Ondo Data Important Developments

However, the Ondo mission has recorded a number of developments these days. The group lately 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 essential for regulated belongings to thrive on-chain.

The brand new community goals to crush infrastructure limitations for tokenized regulated securities. The limitations 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 security measures of permissioned networks.

In addition to 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 mixing of Ondo’s tokenized belongings into the WLFI community as treasury reserve belongings.