Ondo Finance Sees $3.27B Volume Spike Led by BNB Chain

Key Insights:

• Ondo Finance recorded $3.27 billion in cumulative trading volume, fueled by growing demand for tokenized stocks and treasuries.
• BNB Chain dominates activity, accounting for 83% of tokenized stock volume, far ahead of Ethereum and Solana.
• The ONDO token has broken above its 50-day SMA, with technical momentum pointing toward the $0.335 resistance near the 200-day SMA.

Ondo Finance has set a new record in the world of real-world assets (RWAs), surpassing $3.27 billion in cumulative trading volume. This comes at a time when Tokenized Treasuries and stocks are gaining traction with global distributed value across this asset class rising to $26.93 billion.

As of the time of writing, the ONDO token price was up 7.2% intra-day and 13.8% for the week, trading at $0.283. Will the fresh interest in tokenized treasuries and stocks send ONDO crypto back to its previous all-time highs?

BNB Chain Fuels Massive Volume Surge in RWA Stocks

BNB Chain stood out among the top chains, pushing volume to tokenized stocks. Data from Dune Analytics showed that the BNB Chain accounted for the bulk of the volume. It processed 83% of the total tokenized stock volume.

Ondo’s Total DEX Volume by Chain | Source: Dune Analytics

Chain DEX volumes (yellow) surged to $2.73 billion volume on BNB alone as of 15 March, compared to Ethereum’s $504.7 million and Solana’s $39.2 million.

The total exceeded $3.27 billion, indicating that investors have begun piling in. BNB Chain is likely leading the pack because its popular exchange, Binance, processes the bulk of crypto trading volume. The same exchange recently onboarded tokenized assets.

Ondo Finance’s tokenized stocks received approval in Abu Dhabi to trade on the Binance exchange.

Ondo Finance News | Source: Coin Bureau

Asset transfer volumes on Ondo Finance surged from $675 million to $2.2 billion in the last four weeks.

ONDO Crypto Short-Term Breakout Targets 25% Extra Gains

The ONDO/USDT 12-hour price chart shows the asset breaking out of a symmetrical triangle on the heels of recent positive news about tokenized stocks. Interest was pouring back into the sector, and ONDO was the leading asset in that space.

Price action flashed signs of a textbook breakout and retest. This was followed by a continuation, a move that pushed ONDO above the 50-day simple moving average (SMA). After spending months below this key moving average, the ONDO crypto now breathes new air. It’s focused on the 200-day SMA around $0.335.

In the past, when the ONDO price broke above the 50-day SMA, the 200-day SMA provided strong resistance, suppressing the price. Will this time be different?

ONDO Crypto Price Chart | Source: TradingView

Fundamentals signal “yes”. However, fundamentals are a lagging indicator, and price can often take months to fully reflect the news. Ripple’s XRP is a good example of this.

Binance Takes 83% of Ondo Finance Volume, But Ethereum Still Dominates Overall RWA Sector

The surge has roots in real utility. The BNB chain offers cheap but quick settlements. It offers 24/7 trading for tokenized equities that institutions and retail actually want.

Ondo Finance has so far deployed over $2.2 billion in capital to build its RWA ecosystem. The latest Dune data makes it clear where most of those funds are flowing into, at least from Ondo.

Nevertheless, looking at the bigger picture, Ethereum remains king when it comes to the larger real-world asset (RWA) ecosystem. It accounts for over 50% of the total RWA market cap.

Network Metrics for RWA Tokenization | Source: RWA.xyz

BNB Chain was the runner-up, with $2.9 billion, followed by Liquid Network and then Solana. However, as Ondo Finance continues to grow, more corporate titans are noticing it. BNB Chain could end up being the go-to network for RWA and surpass Ethereum.

Oil profits are likely to flow into tokenized stocks. This may attract investment into American companies, but without the strenuous oversight of traditional market regulations.

Ondo’s asset transfer volume jumped from $675 million to $2.2 billion over the last four weeks. This signals a rapid shift towards tokenization, and the ONDO token price reflects this budding interest.

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