The cryptocurrency market is experiencing a downturn, but some projects continue to show significant network activity. One such project is the ONDO ecosystem, operating in the decentralized finance (DeFi) sector and using blockchain technology to tokenize Real World Assets (RWA). According to data from the analytical platform IntoTheBlock, ONDO currently dominates the RWA space and has performed better in terms of transaction volume compared to most tokens in this sector. ONDO’s transaction volume is close to $300 million, while other RWA projects have less than $40 million in transactions. A few weeks ago, this project’s transaction volume reached $450 million but dropped to around $200 million after a severe decline. However, this metric is on the rise again and may exceed $300 million. Despite this, ONDO’s price remains low, currently around $1.14. It is worth noting that the ONDO project has recently experienced several significant advancements. The development team introduced Ondo Chain, a Layer 1 blockchain for supervised assets, aiming to eliminate obstacles like DeFi incompatibility, high transaction costs, and insufficient security. Additionally, ONDO Finance has initiated a strategic collaboration with the DeFi protocol backed by Donald Trump, World Liberty Financial (WLFI), to increase the adoption of tokenized real-world assets. This partnership is also exploring the integration of ONDO’s tokenized assets into the WLFI network as reserve assets.
