Ondo Finance has reported explosive growth in its Total Value Locked, surging approximately 400% year-over-year to add $1.5 billion. Despite this platform dominance and a leading position in real-world asset tokenization, its native ONDO token remains under significant bearish pressure, trading near $0.31. Technical analysis suggests the token may be finding short-term support, but key indicators continue to reflect a negative trend.
The decentralized finance platform Ondo Finance has seen its Total Value Locked (TVL) grow by roughly 400% over the past year, adding approximately $1.5 billion according to data from Token Terminal. This growth solidifies its position as one of the fastest-growing platforms on the Ethereum network.
The platform is a leader in real-world asset (RWA) infrastructure, with Crypto Winkle indicating a total TVL of $2.5 billion across various assets. It holds the industry’s highest amounts in tokenized U.S. Treasuries at $2 billion and tokenized stocks at $506 million.
Despite the platform’s operational success, its ONDO token has not mirrored this performance. Analysts question whether the tokenomics are effectively reflecting the platform’s growth and development.
Technical analysis shows the token is under heavy selling pressure, trading well below its previous highs. The price is currently situated below all key levels of the Ichimoku indicator, suggesting a strong bearish trend.
Momentum indicators remain weak, with the 14-day RSI hovering just above oversold territory. While the MACD histogram shows slowing bearish momentum, both indicators suggest the downtrend is still in control.
The $0.30 to $0.31 price zone has acted as a significant support level for ONDO. A sustained hold here could allow for a short-term rebound toward the $0.36-$0.40 resistance area.
