Ondo Finance (ONDO) surged 18% between July 14 and 16, rising from $0.31 to $0.37 after the firm expanded tokenized stocks with backing from DTCC and a partnership with Japan’s SBI Group. On-chain activity strengthened, with new wallets jumping to 754 and active addresses reaching 2,589, signaling sustained demand beyond the initial announcement. Technical indicators remain bullish, with ONDO trading above its upper Bollinger Band near $0.364 and the Relative Strength Index at 64, below the overbought threshold of 70.
Ondo Finance (ONDO) price gained 18% between July 14 and July 16, rising from about $0.31 to $0.37, as reported by blockchain analytics firm Santiment. The surge followed Ondo Finance’s introduction of stock tokens backed by the Depository Trust & Clearing Corporation (DTCC) and Japan’s SBI Group.
At the time of writing, ONDO trades at $0.3719, down 0.23% over the past 24 hours, with $462.34 million in daily volume and a market capitalization of $1.80 billion. The tokenized stock expansion reflects the growing focus on real-world asset (RWA) tokenization, which integrates conventional assets like stocks onto blockchain networks.
Network activity strengthened consistently after the news. The daily number of new wallet addresses rose from 367 on July 14 to 562 on July 15, then to 754 on July 16. Active addresses also increased from 1,410 to 1,971, and finally to 2,589, marking the highest level since June 30.
Santiment noted that this sustained on-chain growth is unusual for event-driven price surges, which typically fade after a day. In contrast, Chainlink (LINK) saw price gains from the same tokenization story but without corresponding network activity.
Technically, ONDO trades above the middle Bollinger Band at $0.32898 and near the upper band at $0.36428, indicating strong buying interest. The Relative Strength Index (RSI) stands at 64.08, below the overbought level of 70, suggesting buyers remain in control without entering overextended territory.
