- Ondo (ONDO) price hovered above $1.00 as bulls attempted to break out from a downtrend.
- Traction for the real-world asset tokenization platform and milestones in total value locked (TVL) aligned with price gains.
- Ondo Finance is one of the leading RWA platforms in the market.
With ONDO trading intraday at a high above $1.13—up 5.8% in the past 24 hours—buying pressure could push bulls to attempt a breakout above $1.20 and target $2.00.
This outlook and the price surge coincide with Ondo Finance’s TVL climbing past $1.5 billion amid a broader RWA market rally.
Ondo TVL hits $1.5 billion as RWA traction accelerates
On Friday the Ondo token jumped to $1.13, marking its highest level in more than a month.
Ondo bulls have gained 16% over the past week, narrowing monthly losses and setting up a potential technical breakout after breaking the prior downtrend.
According to DeFiLlama, this movement occurred as Ondo Finance’s TVL rose past the $1.5 billion mark to reach a peak of $1.57 billion.
The protocol’s expanding role in the RWA sector has supported these developments, with Ondo’s tokenized products playing a central role in the growth.
Rising demand for flagship Ondo products—such as OUSG, a short-term tokenized U.S. Treasury fund, and USDY, a yield-generating stablecoin—are primary drivers behind the uptick.
The broader rally in RWA tokens has pushed the market capitalization of these assets above $75 billion, while on-chain value of tokenized RWAs surpassed $29 billion.
According to RWA.xyz, Ondo’s OUSG and USDY together represent about $1.4 billion, split into roughly $729 million and $657 million across the two assets.
Ondo’s TVL milestone and RWA traction align with a surge in investor demand for tokenized asset opportunities originating from Wall Street.
Ondo price eyes $2 amid potential technical breakout
The TVL surge has fueled bullish sentiment for ONDO, with analysts pointing to a near-term price target of $2.
After an aggressive bounce from recent lows, breaking above $1 has given buyers the upper hand.
If momentum continues, further gains could allow bulls to challenge Ondo’s all-time high of $2.14 set in December 2024.
Ondo price chart according to TradingView
However, bulls may first encounter stiff initial resistance around $1.14.
Clearing that level could pave the way for a rally above $2, with a secondary target near $2.40.
Bullish momentum will be supported by broader market conditions, regulatory developments, and institutional approvals.
Partnerships such as the collaboration with World Liberty Financial and integrations with BlackRock’s BUIDL Fund highlight growing institutional engagement and potential adoption.
Reaching $1.5 billion in TVL reflects Ondo’s maturation in DeFi, particularly in connecting yield-generating assets with blockchain efficiency. The global potential of RWAs remains another likely catalyst for Ondo’s future growth.