ONDO Gained 13.9% to $1.12 as TVL Milestone and Mastercard Partnership Fuel Rally

Key moments

• Ondo Finance (ONDO) has seen a 13.9% price surge in 24 hours, reversing previous monthly declines and indicating a strong shift in market sentiment.
• Ondo Finance’s Total Value Locked (TVL) hit an all-time high of $1 billion, reflecting growing investor confidence and substantial capital inflows.
• Increased whale netflow and a drop in exchange flow balance suggest institutional accumulation, further bolstered by Mastercard’s integration of Ondo’s tokenized treasuries.

Surge in Institutional Interest and Landmark Mastercard Partnership Propell Ondo Finance’s ONDO Token to 13% Gain

Ondo Finance (ONDO) has experienced a notable resurgence in price and market value, with the altcoin climbing 13.9% in just 24 hours. This positive movement marks a significant turnaround from recent declines, signaling a robust shift in market sentiment. Currently, ONDO is trading at $1.17, indicating heightened demand and increasing investor confidence in the project.

This recent rally follows a monthly dip of approximately 16.78%, highlighting the significance of the current market behavior shift. This reversal is attributed to several factors, including heightened investor interest, substantial capital inflows, and the expanding Total Value Locked (TVL) within the network. Notably, Ondo Finance’s TVL reached an unprecedented $1 billion, demonstrating the project’s growing appeal to both retail and institutional investors.

The surge in TVL signifies an influx of capital into the Ondo ecosystem. Typically, a spike in TVL reflects strong market confidence, as investors, both individual and institutional, allocate their funds to the network. This capital surge also underscores the prevailing bullish sentiment surrounding ONDO, with market participants actively expressing trust in the platform’s future potential.

Reinforcing this optimistic outlook is data from recent whale activity. According to analytics, large holders’ netflow has dramatically increased over the past two days, peaking at 30.9 million. This trend suggests active accumulation of ONDO by institutional investors and large holders, further validating the positive price movement. Additionally, the exchange flow balance has decreased to -1.02 million, indicating a higher volume of ONDO tokens being withdrawn than deposited. This behavior often signals a long-term bullish perspective, reflecting investor confidence and a reluctance to sell in the short term.

Last week, it was announced that Mastercard’s MTN will integrate Ondo Finance as its inaugural provider of tokenized real-world assets (RWAs). This integration will introduce Ondo’s Short-Term US Government Treasuries Fund (OUSG) to MTN, enabling businesses on the platform to readily access the advantages of tokenized treasuries. With OUSG, MTN businesses partnered with Ondo can earn daily yield through tokenized assets with 24/7 subscription and redemption capabilities, eliminating the need for stablecoin onramps or settlement windows.