Ondo (ONDO) Drops Over 80% While TVL Hits a New All-Time High

Ondo (ONDO), a DeFi protocol focused on tokenizing real-world assets (RWAs) like US Treasury bonds, is exhibiting a significant paradox: its price has dropped over 80% from its all-time high to around $0.35. This sharp decline is attributed to the recent unlock of 1.94 billion tokens, representing 57.23% of the issued supply, which increased selling pressure. Conversely, the project's fundamentals show strength, as its Total Value Locked (TVL) hit a new all-time high above $2.5 billion in January, reflecting strong user confidence and enterprise allocation to tokenized equities. The total market value of tokenized stocks, led by Ondo Finance with a 54.4% share, also reached a record $441.2 million. Analysts suggest the price drop is driven by retail investor emotion and unlock fears, overlooking strong fundamentals, a sentiment echoed by investors who see the current fear as a "blessing in disguise" for projects like Ondo, especially given the growing global optimism around asset tokenization.

(Source：BeInCrypto)