Ondo Finance Set to Hit $10? How Tokenizing U.S. Treasuries is Changing On-Chain Yield
I remember the first time I stumbled on Ondo Finance—it felt like finding a secret lever in crypto that suddenly made traditional finance feel… well, on-chain. Tokenizing U.S. Treasury Bonds? ETFs? Stocks? That’s not just flashy; it’s the kind of move that gets institutions salivating. And honestly, the numbers back it up.
Why Ondo is grabbing attention
Ondo Finance isn’t just another DeFi project. Its magic comes from taking Real World Assets (RWAs) like U.S. Treasuries and ETFs and turning them into crypto tokens. The result? Institutional players get 24/7 access, instant liquidity, and lower costs. No middlemen. No waiting. Just pure, on-chain action.
Since launch, ONDO has jumped 497%, and it’s easy to see why. A couple months ago, they tokenized over 100 U.S. stocks and ETFs, with plans to push that past 1,000 by year’s end. U.S. Treasury tokenized assets alone have hit $1.3 billion, while tokenized U.S. stocks have grown past $306 million. And this isn’t just a U.S. story—Ondo’s products are used across Asia, Europe, Africa, and Latin America.
USDY & OUSG: The yield story
Ondo’s U.S. dollar yield products, like USDY, have been a game-changer. They let anyone access yield-generating products based on short-term U.S. treasuries and bank deposits. Market cap? $683 million, with daily trading volume around $2.94 million.
Then there’s OUSG, another tokenized product, clocking a market cap of $704 million. Partnerships with heavyweights like BlackRock have helped too, with Ondo’s tokenized version of BlackRock’s Blkon reaching $1,175. That’s a clear signal: traditional finance is noticing, and Ondo is becoming a bridge between TradFi and crypto.
On-chain activity
It’s not just RWAs. Ondo’s network activity is stable and healthy. Daily Active Addresses sit around 800–1,100, with about 2k transactions per day, totaling 64k per month. When addresses and transactions rise together, it usually means real adoption. More activity often leads to more demand for ONDO—and yes, that can push the price up.
Price outlook: short-term and long-term
ONDO’s explosive growth in RWAs sets it up nicely for more price gains. Right now, it’s trading at $0.80, up 7.47% today. Short-term, it could test $1.09 resistance, and in the medium term, $1.24 seems reachable by the end of 2025.
In a bullish scenario, we could see $2.10 by year-end, with a safer base around $1.20.
Looking further out, ONDO’s fate hinges on RWA adoption. If adoption rockets to 100% annually, hitting $10 by 2028 isn’t crazy. At its current 26% growth rate, that milestone would likely land around 2035.
The takeaway
Ondo Finance is quietly reshaping how real-world finance sits on-chain. Tokenizing U.S. Treasuries and ETFs isn’t just about fancy numbers—it’s about opening crypto to institutions and bridging TradFi with DeFi. For those watching ONDO, the next few years could be full of surprises.
