Ondo Finance has surpassed $3 billion in Total Value Locked, setting a new all-time high as its native token, ONDO, shows signs of a technical recovery. According to analyst Immortal, the protocol is emerging as a strong performer in decentralized finance, driven by institutional demand for real-world asset yields. The ONDO token is currently trading at $0.27 and maintaining a bullish structure above key moving averages, with momentum indicators suggesting fading bearish pressure.
The decentralized finance protocol Ondo Finance has crossed the $3 billion mark in Total Value Locked, signaling rising institutional demand. This growth is attributed to its products offering exposure to real-world asset-based yields, such as treasuries and money market funds. Analyst Immortal noted the protocol’s strength amid broader market struggles with liquidity outflows.
The protocol’s native token, ONDO, is trading at $0.27 and forming a pattern of higher lows. TradingView data shows the token testing the upper bound of its trading range with support from a bullish candle. It continues to trade comfortably above its 20, 50, 100, and 200-period Exponential Moving Averages.
The Relative Strength Index is at 57.51, indicating a moderately bullish bias without being overbought. This recent rise suggests increasing buying pressure after a period of consolidation. Meanwhile, the Moving Average Convergence Divergence lines are approaching the zero line, a sign the bearish momentum is dissipating.
The integration of traditional financial instruments is redefining capital flows in decentralized finance. This shift positions real-world asset protocols as a foundational layer for generating sustainable, long-term yields. The sector’s momentum reflects a growing preference for yield products backed by tangible assets.
