Ondo

Ondo
ONDO
Contract address
0xfaba...269be3
Copy ONDO contract address
$0.3462
$0.004429(+1.28%)Today
Market cap
1.69B
Total volume (24h)
68.88M
Volume / Market cap
0.0409
Circulating supply
4.87B
Day range (24h)
$0.3418$0.3552
All-time low
$0.0822
All-time high
$2.14

About Ondo (ONDO)

What is Ondo (ONDO)?

Ondo (ONDO) is a decentralized cryptocurrency, launched in 2021 by Ondo Finance’s Nathan Allman and Pinku Suran. The duo launched Ondo Finance to make high-level financial tools that are typically reserved for big institutions, like banks, accessible to regular people. By using blockchain technology, ONDO connects traditional finance (TradFi), like banks and investments, with DeFi. This way, anyone can benefit from secure and innovative financial products.

How does the ONDO Token power Ondo Finance?

The ONDO token helps fuel the platform by enabling transactions and supporting Ondo's innovative financial products, like tokenized U.S. treasuries (OUSG) and dollar-yielding assets (USDY). ONDO also incentivizes users to participate in the ecosystem, whether through staking, lending, or borrowing.

What makes ONDO token compatible with Ethereum?

Compatible with the Ethereum network, ONDO, pronounced “On-doh,” is an ERC-20 token. You can use ONDO to trade and stake digital currencies, as well as participate in the Ethereum network. Ondo Finance’s ecosystem is powered by technology called smart contracts.

How do smart contracts work in Ethereum?

A smart contract is a digital agreement written in computer code that lives on Ethereum blockchain. It automatically does something when certain conditions are met. For example, if you send me 1 ONDO, the smart contract instantly sends you a digital artwork that I created. No human needs to be there to make it work; the smart contract follows the rules it was programmed with.

Why Is the Ethereum blockchain important for ONDO?

The Ethereum blockchain network that the ONDO token is compatible with is a huge, secure, ever-growing ledger of smart contract transactions, which everyone can see, and is immutable. Once a traditional smart contract is created, it can't be altered. These types of smart contracts will always follow the original rules that they were programmed with. Upgradable smart contracts allow for changes to be made, adapting to new requirements, or fixing bugs.

What are the popular use cases for ONDO?

Today, decentralized finance (DeFi) dapps are the most popular use for ONDO. ONDO token owners are typically community-driven investors and participants in DeFi protocols.

Price history

Today (July 20, 2026)$0.3462+1.28%
24 hours ago (July 19, 2026)$0.3418+1.28%
1 week ago (July 13, 2026)$0.3191+8.50%
1 month ago (June 20, 2026)$0.3495-0.93%
1 year ago (July 20, 2025)$1.03-66.24%

Calculator

ONDO market moves

Powered by MetaMask Market Insights


24h change: +15.34%. From $0.3315 to $0.3824.

  • Ondo Finance partnered with SBI Group, one of Japan's largest financial institutions. The collaboration focuses on tokenizing Japanese assets and enabling their distribution through the SBI network with settlement using the JPYSC stablecoin. Ondo CEO Ian De Bode noted that the partnership creates a path to bring Japanese assets onchain. This expands real-world asset tokenization into one of the world's most advanced capital markets.
  • Ondo joined a DTCC pilot with BlackRock and JPMorgan to launch tokenized stocks from DTC-held securities. In June, Ondo enabled the first 24/7 instant minting and redemption for tokenized U.S. stocks and ETFs on Ethereum, BNB Chain, and Solana. Additional work includes an SEC-aligned model for third-party tokenized securities such as BlackRock ETFs. These steps integrate traditional finance infrastructure with onchain rails while addressing regulatory considerations.
  • A governance proposal calls for permanently burning 100 million ONDO tokens, equal to 10 percent of total supply. The vote concludes on July 25, 2026. This discussion occurs alongside ecosystem growth including an institutional RWA marketplace launched in Q2 2026 and TVL near $3.5 billion. The proposal aims to adjust tokenomics as Ondo expands tokenized products and institutional partnerships.

24h change: +5.27%. From $0.3147 to $0.3313.

  • Ondo Finance launched tokenized stock representations using entitlements generated through the DTCC Tokenization Service for DTC-held securities. The initiative includes participation from BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq, and NYSE as part of DTCC's largest tokenization effort. It enables conversion between traditional and tokenized forms to improve liquidity, flexibility, and onchain use cases for these assets. This marks a significant step in bridging traditional U.S. securities infrastructure with blockchain technology.
  • Ondo rolled out 24/7 instant minting and redemption for tokenized U.S. stocks and ETFs on Ethereum, BNB Chain, and Solana. The platform taps directly into traditional exchange liquidity from NASDAQ and NYSE to enable scalable trading with minimal slippage. This overcomes limitations of onchain-only liquidity pools and supports continuous access for global investors. It reinforces Ondo's position as the largest tokenized stock platform.
  • Ondo Finance has achieved strong TVL, record RWA perpetuals volume, and multiple product launches including AI equity funds and cross-border redemptions. However, the ONDO token price has remained range-bound near 0.31-0.33 dollars despite these developments. Coverage and community discussions cite factors like scheduled token unlocks, questions over direct value accrual to token holders, and the current governance-focused utility. This highlights the disconnect between protocol expansion and token performance.

24h change: +0.31%. From $0.314 to $0.3149.

  • Ondo Finance integrated its full catalog of tokenized U.S. stocks and ETFs with the RWA Inc platform. Users can now trade 440 assets on-chain across Ethereum and BNB Chain using stablecoins with built-in compliance like geo-blocking and optional KYC. The development builds on prior TVL milestones exceeding $1 billion for Ondo's tokenized products and increases accessibility of traditional equities in decentralized environments.
  • Ondo Finance is engaging at WebX 2026 in Tokyo with a fireside chat on building financial rails of tomorrow alongside SBI Onchain. The appearance highlights growing interest in tokenization within Asian markets. It follows earlier integrations such as Chainlink price feeds and MetaMask access for Ondo tokenized products.
  • The ONDO token has traded near $0.31 to $0.33 in July 2026 despite the Ondo Perps public beta launch and other product updates. Observers point to broader market conditions, questions around direct token benefits from platform growth, and effects from scheduled unlocks. Circulating supply stands near 4.87 billion of a 10 billion total with market cap around $1.5 billion.

24h change: -3.97%. From $0.3274 to $0.3144.

  • Ondo Finance announced Ondo Global Markets is now Ondo Stocks. The update emphasizes their role as the first to bring TradFi liquidity onchain, scale to hundreds of permissionless tokenized stocks, and reach 1 billion USD in TVL. Plans include real 24/7 trading, new asset classes such as AI chips and robotics, and using tokenized stocks as productive collateral. This reflects ongoing maturation in real-world asset protocols and onchain trading infrastructure.
  • BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley joined a UK government-backed tokenization taskforce of 54 firms. The group will develop live tokenization use cases in UK markets over the next year. A related Treasury report aims to move repo, gilts, and funds onchain within two years and supports permissionless networks. These steps indicate growing regulatory clarity and institutional adoption for real-world asset tokenization.
  • Robinhood Chain has seen rapid growth in DEX volume and onchain activity for tokenized assets. SBI Holdings pivoted its blockchain efforts to Solana to support tokenization and stablecoin issuance. Solana tokenized asset spot volume grew significantly quarter-over-quarter. These developments point to strengthening infrastructure, standards, and liquidity for real-world assets across multiple chains.

24h change: -1.76%. From $0.3336 to $0.3278.

  • Ondo Finance launched instant 24/7 minting and redemption for tokenized U.S. stocks and ETFs. The capability operates continuously across Ethereum, BNB Chain, and Solana, including weekends. It removes barriers of traditional market hours for onchain equity exposure. The move extends the platform's tokenized treasury products that maintain substantial TVL.
  • Ondo Perps offers up to 20x leverage on equity perpetuals with tokenized stocks serving as collateral. The design solves prior capital inefficiency by allowing the same assets to function as both hedge and collateral. It has generated discussion around improved liquidity in onchain derivatives without relying on incentive programs. The platform builds toward broader onchain capital markets infrastructure.
  • Ondo Finance deployed the first live custodial solution for third-party tokenized U.S. securities within existing regulatory frameworks. The partnership with Broadridge enables proxy voting and governance rights for holders of tokenized stocks and ETFs. It supports institutional adoption by aligning onchain products with traditional securities standards. The development follows cross-border pilots with J.P. Morgan, Mastercard, and Ripple.

Start swapping

Get ONDO in seconds

Buy, sell, trade, and swap ONDO on MetaMask, crypto's most trusted wallet.

Ready to try MetaMask?

Ready to try MetaMask?