- Ondo price (ONDO) traded above $1.00 as bulls attempted to break the downtrend.
- Traction and milestones in the platform’s total value locked for real-world asset tokenization align with price gains.
- Ondo Finance remains one of the leading RWA platforms in the market.
With ONDO trading at an intraday high above $1.13 and up 5.8% over the past 24 hours, buying pressure could push bulls to target a breakout above $1.20 and an eventual move toward $2.00.
This outlook coincides with Ondo Finance’s TVL rising above $1.5 billion as the RWA market recovers.
Ondo TVL Reaches $1.5 Billion on RWA Traction
The Ondo token popped to $1.13 on Friday, marking its highest level in over a month as recent gains narrowed prior losses.
Bulls pushed ONDO up about 16% over the past week, reducing monthly losses and creating the potential for a technical breakout as the downtrend is challenged.
According to DeFiLlama, this move occurred as Ondo Finance’s TVL climbed past $1.5 billion and reached highs near $1.57 billion.
The protocol’s accelerating role in the RWA sector helped drive this increase, with Ondo’s tokenized products central to its growth.
Key drivers include growing demand for flagship Ondo products such as OUSG, a tokenized short-duration U.S. Treasury fund, and USDY, a yield-bearing stablecoin.
The rise of RWA tokens has pushed the market capitalization of these assets above $75 billion, while on-chain adoption of tokenized assets has increased the chain-native RWA value to over $29 billion.
Per RWA.xyz, Ondo’s OUSG and USDY together represent roughly $1.4 billion, split between approximately $729 million and $657 million in each asset respectively.
Ondo’s TVL success and RWA traction reflect a sharp uptick in demand for tokenized asset investment opportunities on Wall Street.
Ondo Price Eyes $2.00 Amid Potential Technical Breakout
Rising TVL has fueled bullish sentiment for ONDO, with analysts watching a short-term target near $2.00.
After a strong rebound from recent lows, a sustained break above $1.00 gives buyers the edge.
If momentum continues, bulls could look to the historical Ondo high of $2.14 set in December 2024 as a longer-term target.
Ondo price chart from TradingView
Bulls may first need to overcome immediate resistance near $1.14.
If that level is cleared, a rally toward and above $2.00—potentially reaching $2.40—could follow.
Supporting factors include broader market conditions, evolving regulatory clarity, and growing institutional support.
Partnerships such as the collaboration with World Liberty Financial and integration with BlackRock’s BUIDL fund highlight institutional interest and reinforce this possibility.
Reaching $1.5 billion in TVL aligns with Ondo’s maturation in DeFi, including bridging yield-generating assets with blockchain efficiency. The global potential for RWA adoption remains a likely catalyst for further growth at Ondo.