Why does ONDO continue to soar?

Despite the poor performance of the cryptocurrency market over the past week, ONDO’s daily gains surged by about 10%, and the weekly gains were about 100%. Is the surge over, or are cryptocurrencies realizing the huge opportunities in the world of real-world assets (RWA)?

The RWA platform provides on-chain treasury bond-backed products for qualified investors. The platform benefited significantly from the BUIDL fund announced last week by BlackRock, which helped Ondo issue bonds.

The TradFi giant’s new fund boosted ONDO and other RWA tokens, both posting impressive gains last week. Overall, Ondo positions itself as a standout RWA play considering its TradFi relationships, token locking, and multi-chain product launches. It is now arguably the flagship coin in the category.

Relationship with TradFi: In addition to working with BlackRock, Ondo’s team has experience working at Goldman Sachs and Bridgewater Associates, two leading investment management firms. This history provides credibility to the team, ensuring they have the expertise they need to do their job.

Token Lock: With no tokens unlocked until 2026, ONDO’s stable supply provides a market advantage against more dilutive tokens.

Ondo cross-chain: Ondo’s yield product USDY is launched not only on Ethereum, but also on Mantle, Sui and Solana, enhancing liquidity and connecting Ondo to these ecosystems as a potential beta version stand up. Next, the upcoming Aptos debut will integrate them with Aptos’ leading DEX, connecting RWA with Aptos DeFi.

Ondo has announced its global marketplace plans to allow access to tokenized securities. This could fuel interest in Ondo’s adoption and differentiate it from other projects that only bring treasury bonds to blockchain.

With its connections to TradFi, especially BlackRock, security tokens, cross-chain products and on-chain securities platforms, ONDO is poised to become the top RWA play this cycle. But while RWAs were hot during the bear market, they didn’t pay off like AI or meme tokens. Maybe BlackRock will fix this.

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