- Ondo (ONDO) price traded above $1.00 as bulls sought to break out of a downtrend.
- The momentum of real-world asset (RWA) tokenization platforms and a milestone in total value locked (TVL) align with the gains.
- Ondo Finance remains one of the market-leading RWA platforms.
ONDO rose 5.8% over the past 24 hours, reaching an intraday high above $1.13. Strong buying pressure has bulls targeting a breakout above $1.20, with a potential extension toward $2.00 if momentum continues.
This outlook and the recent price surge coincide with Ondo Finance’s TVL jumping past the $1.5 billion mark as the RWA market gained upward traction.
Ondo TVL Hits $1.5 Billion amid RWA Momentum
Ondo’s token climbed to $1.13 on Friday, marking its highest level in over a month as the rally paused the recent downtrend.
Bulls pushed ONDO up about 16% last week, narrowing monthly losses and creating the technical conditions for a potential breakout after breaking the decline.
According to DeFiLlama, this price strength follows Ondo Finance’s TVL rising past the $1.5 billion threshold to a peak near $1.57 billion.
The protocol’s accelerating role in the RWA sector supports the view that Ondo’s tokenized products are central to future growth.
Strong demand for Ondo’s flagship offerings — including OUSG, a tokenized short-term U.S. Treasury fund, and USDY, a yield-bearing stablecoin — has been a primary driver.
Growth in RWA tokens has lifted the broader asset class market capitalization above $75 billion, while tokenized assets pushed on-chain RWA value to more than $29 billion.
RWA.xyz reports that Ondo’s OUSG and USDY account for roughly $1.4 billion of TVL, with about $729 million in OUSG and $657 million in USDY.
Ondo’s TVL milestone and the broader RWA momentum mirror surging investor demand across Wall Street for tokenized asset investment opportunities.
Ondo Eyes $2.00 as Technical Breakout Potential Emerges
The TVL surge has ignited bullish sentiment around ONDO, and analysts now consider a near-term $2.00 price target plausible.
An active rebound from recent lows and a confirmed breakout above $1.00 have tilted the edge toward buyers.
If this trend continues, the next upside target could revisit Ondo’s all-time high of $2.14 recorded in December 2024.
That said, bulls may first need to overcome an immediate resistance band near $1.14. Clearing that level could pave the way for further upside, potentially toward $2.40 on sustained buying pressure.
Broader market conditions, regulatory developments, and institutional support would help catalyze such a move. Collaborations like the one with World Liberty Financial and integrations with institutional vehicles such as BlackRock’s BUIDL fund point to growing institutional engagement.
Reaching a $1.5 billion TVL reflects Ondo DeFi’s maturation as it helps bridge yield-bearing assets with blockchain efficiency. The global potential of tokenized RWAs remains another strong catalyst for Ondo’s continued growth.