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- Ondo Finance holds about $3.61B of the $38.14B tokenized RWA market.
- Ondo-issued assets have surpassed 228,000 holders, led by tokenized stocks.
- ONDO remains around 85% below its $2.15 ATH as analysts watch key support and breakout levels.
Ondo Finance is strengthening its position in the tokenized real-world asset (RWA) market, even as its native ONDO token remains deeply below its record high. Data from RWA.xyz puts the broader tokenized RWA market at $38.14 billion, excluding stablecoins, with Ondo accounting for about $3.61 billion.
That gives Ondo roughly 9.5% of the market, placing it among the leading platforms in a sector that is increasingly connecting blockchain infrastructure with traditional financial assets.
Ondo Finance Builds a Major RWA Position
Competition across the market remains relatively broad. Circle holds about 6.7%, followed by Tether at 6.1%, Franklin Templeton at 5.6%, Justoken at 5%, Tradable at 4.9%, Paxos at 4.2% and Maple Finance at 3.7%.
Ondo’s strongest position is in tokenized equities, where estimates place its share between 58% and 70%. Its product lineup includes USDY and OUSG, alongside tokenized stock products offering exposure to names such as Circle, NVIDIA and Tesla.
The growth extends beyond Ondo. Tokenized assets have moved above $38 billion in distributed value, while tokenized stocks have crossed $1 billion, suggesting continued interest in blockchain-based access to traditional investments.
Holder Growth Adds to Ondo’s RWA Story
Onchain analyst Dami-Defi argues that holder growth deserves close attention alongside total value locked. Data cited by the analyst shows Ondo-issued assets have exceeded 228,000 holders.
Tokenized stocks represent 80.2% of those holdings, while tokenized funds account for another 12.6%. USDY remains Ondo’s most widely held asset, while NVDAon leads its tokenized equity products.
RWA.xyz separately tracks more than 205,000 holders across Ondo’s ecosystem, underscoring the growing reach of its tokenized products.
ONDO Price Faces a Critical Test
The token has not matched that ecosystem growth. ONDO is trading around $0.33-$0.35, approximately 85% below its $2.15 all-time high.
Data tracking 2,437 whale wallets over 30 days showed $212.31 million in inflows against $216.37 million in outflows, producing a $4.06 million net outflow. While that does not establish a broader selling trend, it indicates that large-wallet positioning remains a factor for ONDO.
Analysts have identified several possible technical levels. One sees $0.30-$0.50 as an accumulation range, with $0.80 and $1.25-$1.30 as potential upside levels. Another points to $0.19-$0.25 as a possible buying zone and says a three-day close above $0.5394 could strengthen the bullish setup, with targets extending toward $1, $1.60, $3 and $5.
These are projections, not guaranteed outcomes. For Ondo Finance, the central question is whether expanding RWA adoption and holder growth can ultimately create sustained demand for ONDO.
Also Read: Ondo Finance Jumps 6% While XRP Stalls: 5 Signals Every Crypto Investor Should Watch
Ondo Finance is emerging as a major player in tokenized real-world assets, with billions of dollars represented across its ecosystem. Yet the gap between RWA growth and ONDO’s price performance remains striking. Whether that disconnect eventually closes will depend on adoption, token demand and broader crypto market conditions.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
