Ondo

Ondo
ONDO
Contract address
0xfaba...269be3
Copy ONDO contract address
$0.2689
$0.0123(+4.56%)Today
Market cap
1.31B
Total volume (24h)
92.17M
Volume / Market cap
0.0704
Circulating supply
4.87B
Day range (24h)
$0.2571$0.2729
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 (April 17, 2026)$0.2689+4.56%
24 hours ago (April 16, 2026)$0.2572+4.56%
1 week ago (April 10, 2026)$0.2548+5.54%
1 month ago (March 18, 2026)$0.2812-4.38%
1 year ago (April 17, 2025)$0.8195-67.18%

Calculator

ONDO market moves

AI summary for information only. Not financial advice.


24h change: +4.47%. From $0.2541 to $0.2654.

  • Ondo Finance submitted a no-action letter request to the SEC on April 13 seeking confirmation that recording securities entitlements on-chain on Ethereum does not trigger certain regulatory obligations. This aims to provide clarity for tokenized real-world assets and equities. It could facilitate greater institutional participation in on-chain markets.
  • Ondo Finance partnered with Clearstream and Deutsche Börse-backed 360X to launch tokenized stocks and ETFs including SPYon, NVDAon, and TSLAon. This provides regulated custody, settlement, and collateralization for EU and EEA institutions. It integrates tokenized assets into traditional European finance infrastructure.
  • Tokenized U.S. Treasuries surpassed $13 billion in market cap, led by products like Ondo's USDY, Circle's USYC, and Securitize's BUIDL. This highlights growing demand for on-chain fixed income assets. Ondo's TVL hit $3.58 billion supporting RWA expansion.

24h change: +3.40%. From $0.2499 to $0.2584.

  • Ondo Finance submitted a no-action letter to the SEC seeking confirmation it won't enforce against using Ethereum mainnet to record and administer tokenized security entitlements for non-U.S. investors. The proposal applies to its Ondo Global Markets platform offering exposure to over 200 U.S. stocks and ETFs, with underlying assets custodied traditionally via DTC and Alpaca. Approval could integrate public blockchains into securities record-keeping while preserving investor protections.
  • Asset manager Franklin Templeton partnered with Ondo Finance to issue tokenized versions of five ETFs including equities and gold on blockchain. The collaboration aims to enable 24/7 trading of traditional investment products. This reflects growing institutional interest in tokenized real-world assets.

24h change: +5.75%. From $0.2431 to $0.2571.

  • Ondo Finance announced on March 25, 2026, the tokenization of five Franklin Templeton ETFs via its Global Markets platform. This partnership brings institutional-grade securities onchain with 24/7 trading for non-US qualified investors. It represents a significant step in bridging traditional finance and blockchain infrastructure.
  • Binance listed tokenized U.S. equities from Ondo Finance on February 24, 2026, reviving stock token trading on the exchange. This deal expands access to hundreds of millions of users for onchain securities. It follows Ondo's growth in tokenized assets backed by regulated custodians.
  • Ondo introduced Ondo Perps on February 3, 2026, as a capital-efficient platform for perpetual futures on equities. This builds on its tokenized asset ecosystem to recreate prime brokerage functions onchain. The platform supports leveraged trading of tokenized stocks and ETFs.

24h change: -5.11%. From $0.256 to $0.2429.

  • Ondo Finance sees expanding adoption in tokenized real-world assets, including TVL over $2 billion and strong inflows. Multiple reports highlight this growth while noting the ONDO token price decline of over 5% in 24 hours. The disconnect suggests capital rotation within the sector rather than broad sell-off.
  • J.P. Morgan CEO Jamie Dimon labels tokenization a competitive threat from blockchain. IMF recognizes opportunities like cost cuts despite risks. Ondo Finance TVL doubles to $2 billion, with partnerships enabling tokenized ETFs and stocks.

24h change: +0.57%. From $0.2546 to $0.2561.

  • Franklin Templeton leverages its $1.7 trillion assets under management to support Ondo's tokenized stocks platform, enabling 24/7 trading of U.S. equities on the blockchain. This partnership expands global access to traditional financial assets for crypto users. It underscores increasing institutional interest in onchain tokenization.
  • Ondo Finance's total value locked has doubled to over $2 billion in less than a year, driven by tokenized securities and real-world assets. This milestone reflects strong growth in the platform's adoption. Higher TVL indicates increased liquidity and user engagement in the ecosystem.
  • MetaMask now offers over 200 tokenized U.S. stocks and ETFs from Ondo directly in the wallet. This integration simplifies access to onchain equities for self-custodial users. It bridges traditional finance with crypto wallets, enhancing usability.

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