Ondo (ONDO)

$0.3054  +0.39%  24H

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  • 2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore

    Everyone is talking about $ONDO like it is a clean win. It is more complicated than that. Here is the full picture most people are missing. THE BULL CASE $3.5B+ TVL with real institutional usage. Not narrative. Not hype. Actual volume. Ondo Global Markets crossed $1B TVL in under 8 months. Cumulative trading volume is above $18B. 180,000+ on-chain holders. The partnerships list reads like a TradFi dream: J.P. Morgan, Mastercard, Ripple, Broadridge, Mirae Asset. These are not paid mentions, these are live integrations. Ondo Perps launched June 9, 2026, giving non-U.S. users leveraged access to tokenized stocks and indices. Over 70% market share in tokenized equities. That is not a small lead. THE BEAR CASE Total supply is 10 billion tokens. Only 48.7% is circulating right now. January 2025 unlock: ~1.94 billion tokens. January 2026 unlock: another ~1.94 billion tokens, worth roughly $737M at the time. January 2027 unlock is already on the calendar. The price is sitting around $0.30 to $0.34 as of late June 2026. That is 80 to 85% below the all-time high of $2.14. Protocol TVL keeps growing. Token price keeps lagging. FDV is around $3.0B to $3.17B against a circulating market cap near $1.55B. That gap is pure future dilution risk priced in. THE REAL DEBATE Governance token with no fee switch, no burn, no staking yield tied to actual revenue. The protocol earns roughly $55M in annualized fees. None of it flows to you as a token holder in any meaningful way. Meanwhile BlackRock BUIDL and Franklin Templeton BENJI are building the same RWA stack from inside TradFi itself. They do not need the ONDO token to win. THE QUESTION NOBODY WANTS TO ANSWER Is $ONDO the best public pure-play on institutional RWA adoption? Or is it a great project with a weak token, where the ecosystem scales and holders watch from the sideline? Pick a side. Defend it with specifics. Tell me I am wrong.

    2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore

    $ONDO built a $3.59B protocol and forgot to invite the token holders. TVL at all time highs. Token down 85% from its peak. That is not a market problem. That is a design problem. $4.9M in monthly fees flowing to a DAO treasury with no buyback and no distribution to holders. You do not own the revenue. You own the vote on the revenue. Governance rights over a protocol that captures nothing for its holders is not ownership. That is the illusion of ownership dressed in a whitepaper. The TVL number is real. The value capture is not. You did not buy the infrastructure. You bought the press release.

     77  12  2.58K
    Original >
    Trend of ONDO after release
     Bearish
    ONDO TVL is high but token value is low, lacks revenue distribution, outlook bearish
  • 2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore
    2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore

    $ONDO built a $3.59B protocol and forgot to invite the token holders. TVL at all time highs. Token down 85% from its peak. That is not a market problem. That is a design problem. $4.9M in monthly fees flowing to a DAO treasury with no buyback and no distribution to holders. You do not own the revenue. You own the vote on the revenue. Governance rights over a protocol that captures nothing for its holders is not ownership. That is the illusion of ownership dressed in a whitepaper. The TVL number is real. The value capture is not. You did not buy the infrastructure. You bought the press release.

     184  26  21.44K
    Original >
    Trend of ONDO after release
     Bearish
    ONDO TVL hits new high, token value down 85%, lacking revenue distribution
  • 2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore
    2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore

    Everyone is asking why $ONDO token holders get nothing while the protocol prints $4.9M a month. The answer is not greed. The answer is lawyers. Making $ONDO a revenue-sharing token would likely classify it as a security under the Howey Test. Ondo is dealing directly with US equities and Treasuries. That is the most regulated corner of crypto on purpose. The fee switch exists. A DAO vote is expected H2 2026. At current scale that is $48M+ annualized, potentially flowing to holders for the first time. BlackRock, Franklin Templeton, DTCC, Broadridge. These are not partners you attract by running an aggressive yield token. The institutional moat required the boring structure. The treasury is accumulating. The optionality is real. The honest risk: regulatory timelines slip. DAOs make promises they do not keep. Token unlocks run through 2029. None of this is guaranteed. But the design has a logic that most people criticising it have not read. The people who read the docs always buy befor

     107  16  6.33K
    Original >
    Trend of ONDO after release
     Bullish
    ONDO或2026年分红,年产约4800万,监管仍是风险
  • 2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore
    Kelli Macfarland D
     141  @MacfarlandKelli

    $ONDO token holders see no gains despite $4.9M monthly protocol earnings, mainly due to legal costs. It's not greed, but legal hurdles shaping distribution. What does this mean for investor rights? Stay informed and share your thoughts! #Crypto #DeFi #Investing

     12  1  536
    Original >
    Trend of ONDO after release
     Bearish
    ONDO provides no returns to holders due to legal costs, and its outlook is worrisome.
  • 2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore
    Mamat Rahmat D
     393  @rahmat8567

    $ONDO's $3.59B protocol boasts all-time high TVL but token has plummeted 85% from peak. Despite $4.9M monthly fees to the DAO, there's no buyback or holder rewards. Is this a design flaw or market issue? Investors should stay cautious. #Crypto #DeFi #CryptoNews

     8  3  745
    Original >
    Trend of ONDO after release
     Bearish
    ONDO TVL reaches new high but still down 85%, recommend cautious holding
  • Chad Steingraber FA_Analyst OnChain_Analyst A
     75.12K  @ChadSteingraber

    Ondo TVL is on 🔥 https://t.co/9prLVVvVnJ

    Chad Steingraber FA_Analyst OnChain_Analyst A
     75.12K  @ChadSteingraber

    Ondo on the leaderboard✅ https://t.co/dagRz3QY5r

     99  3  11.26K
    Original >
    Trend of ONDO after release
     Extremely Bullish
    Ondo TVL is performing strongly, ranking among the top in the RWA sector, showing significant growth.
  • The Scope De-Fi Educator DeFi_Expert B
     16.67K  @ScopeDefi
    The Scope De-Fi Educator DeFi_Expert B
     16.67K  @ScopeDefi

    Which RWA project are you watching closely?👇🏼 $ONDO $PLUME $BOSON $LINK

     14  8  963
    Original >
    Trend of ONDO after release
     Neutral
    The author asks about RWA projects of interest, listing ONDO, PLUME, BOSON, LINK, with no clear sentiment.
  • 2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore
    2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore

    $ONDO prediction most analysts will not say out loud. Ondo Perps will cross $5B in cumulative volume before full public launch. The $1B milestone just dropped during Beta. $77M traded in a single day. Traditional finance does not test products at this volume unless the infrastructure is already being treated as real. DTCC does not put projects in working groups for fun. Franklin Templeton does not build tokenisation pipelines for experiments. RWA perps just became the most important product category nobody is talking about yet. Screenshot this. You will want to find it later. @OndoFinance https://t.co/BOuOXUkcDf

     147  13  4.46K
    Original >
    Trend of ONDO after release
     Bullish
    ONDO perpetual contracts are expected to exceed $500 million in cumulative volume.
  • 2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore
    2xnmore FA_Analyst OnChain_Analyst B
     45.21K  @2xnmore

    $ONDO quietly became the infrastructure Wall Street builds on. Not a narrative. Not a whitepaper. A live transaction. J.P. Morgan settled tokenized US Treasuries against real USD deposits on Ondo Chain in real time. Then Franklin Templeton announced it is tokenizing five ETFs through Ondo. Then Binance listed Ondo tokenized stocks on its regulated MTF in Abu Dhabi. Then Ondo filed confidentially with the SEC to become the first issuer of transferable tokenized stocks subject to SEC reporting requirements. $18 billion in cumulative trading volume. $1 billion in TVL in under 8 months. Over 70% market share among every tokenized equity issuer on the planet. The question was never whether Wall Street would come onchain. The question was always who they would build with when they got here. The people who read the docs always buy before the people who read the price.

     155  20  9.11K
    Original >
    Trend of ONDO after release
     Extremely Bullish
    ONDO becomes Wall Street's tokenized infrastructure, partnering with giants such as JPMorgan, with TVL exceeding $1 billion and a market share over 70%.
  • Chad Steingraber FA_Analyst OnChain_Analyst A
     75.12K  @ChadSteingraber

    Tokenized Non-US Gov Debt Leaderboard The DTCC approaches… 👀 https://t.co/ucxguCruFI

     240  6  87.05K
    Original >
    Trend of ONDO after release
     Bullish
    XRP Ledger RWA market leaders and tokenized non-U.S. government debt market overview, suggesting DTCC is near.