Ondo Finance ONDO Surges 15% as Tokenized Assets Drive DeFi Growth

Sean Williams
Ondo (ONDO)

Getting your Trinity Audio player ready...
  • ONDO jumped 15% amid growing tokenized asset demand and strategic partnerships.
  • Technical charts suggest a potential breakout above $1.08, targeting $2.10.
  • Institutional interest and rising TVL reinforce long-term growth potential.

Stay ahead with real-time updates and insights—Join our Telegram channel!

Ondo Finance (ONDO) has captured the spotlight this week, climbing over 15% as bullish momentum sweeps through its charts. The surge coincides with growing interest in tokenized real-world assets (RWAs) and fresh strategic partnerships, positioning ONDO as a standout among rising altcoins.

Tokenized Assets Drive ONDO’s Growth

Ondo Finance has emerged as a key player in the expanding RWA sector. Over the past week, the total market capitalization of tokenized assets jumped from $67 billion to $76 billion, reflecting robust demand. ONDO’s contribution has been significant, highlighted by its September 9 partnership with Trust Wallet. Through this collaboration, users can access tokenized US stocks and ETFs—like Apple and Tesla—directly on-chain via the 1inch aggregator.

This integration underscores DeFi’s ability to bridge traditional finance and blockchain markets. The platform’s total value locked (TVL) also soared from $650 million in January to $1.56 billion by September 12, according to DefiLlama, drawing strong investor attention and fueling higher trading activity.

Technical Signals Suggest More Upside

Technical charts show ONDO forming a head-and-shoulders bottom pattern over 190 days of consolidation. Currently testing resistance near $1.08, a successful breakout could push the token toward $2.10—a potential 100% gain. Meanwhile, support remains solid around $1.01, offering a safety cushion.

Also Read: ONDO Eyes Breakout: Will This Cup and Handle Pattern Push It to $1.71?

Analysts point to additional upside targets at $1.23 and $1.40 if momentum continues. Coupled with institutional interest—21Shares filed for a spot ONDO ETF in July—the outlook appears increasingly bullish, suggesting that the recent rally may be just the beginning.

Ondo Positioned for Long-Term Momentum

The broader market trend favors platforms driving RWA innovation. As tokenized assets gain mainstream adoption, Ondo Finance’s strategic expansions, solid fundamentals, and rising sector momentum give it a competitive edge. The 15% rally reflects more than short-term market excitement—it signals growing confidence in ONDO’s potential to reach new heights.

With fundamentals and technicals aligning, investors are keeping a close eye on ONDO, anticipating the next wave of growth in both price and ecosystem adoption.

Stay ahead with real-time updates and insights—Join our Telegram channel!

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.

Related Posts