- Ondo (ONDO) price hovers above $1.00 as bulls appear to break out of a downtrend.
- Traction from the real-world asset (RWA) tokenization platform and gains in total value locked (TVL) have coincided with the price rally.
- Ondo Finance is one of the leading RWA platforms in the market.
With ONDO trading intraday as high as $1.13—up 5.8% in the last 24 hours—buying pressure could push bulls to target a breakout above $1.20 and aim for $2.00.
This bullish scenario coincides with Ondo Finance’s TVL surging past $1.5 billion amid a broader rally in RWA markets.
Ondo TVL tops $1.5 billion amid RWA momentum
Ondo’s token climbed to $1.13 on Friday, marking its highest level in more than a month.
Bulls have driven a 16% weekly gain, erasing monthly losses and creating potential for a technical breakout after the price pierced its downtrend.
According to DeFiLlama, the move comes as Ondo Finance’s TVL increased past $1.5 billion, reaching a peak of $1.57 billion.
The protocol’s acceleration in the RWA sector has supported this outlook, with Ondo’s tokenization products central to its growth.
Rising demand for flagship Ondo offerings—such as OUSG, a tokenized short-term U.S. Treasury fund, and USDY, a yield-bearing stablecoin—has been a primary driver.
Gains for RWA tokens have pushed the market capitalization for these assets above $75 billion, while on-chain tokenized RWA value has surpassed $29 billion.
RWA.xyz reports that Ondo’s OUSG and USDY together account for roughly $1.4 billion, with approximately $729 million in OUSG and $657 million in USDY.
Ondo’s TVL milestone and RWA traction align with growing Wall Street interest in tokenized asset investment opportunities.
ONDO eyes $2 amid potential technical breakout
The TVL surge has strengthened bullish sentiment for ONDO, with analysts setting a short-term target of $2.
After a strong rebound from recent lows, a break above $1 gives buyers the edge.
Further gains could then set sights on Ondo’s all-time high of $2.14, recorded in December 2024.
Price chartOndo by TradingView
However, bulls may first need to clear an initial strong resistance near $1.14.
If that level is overcome, a rally toward $2 and potentially $2.40 could follow.
Bullish momentum would be supported by broader market conditions, regulatory shifts, and institutional backing.
Partnerships—such as collaboration with World Liberty Financial and integration with BUIDL Fund BlackRock—underscore that institutional interest.
The rise to $1.5 billion TVL reflects Ondo’s maturation in DeFi, particularly in bridging yield-bearing assets with blockchain efficiency. The global potential for tokenized RWAs remains another key catalyst for Ondo’s future growth.