Tokenized stocks play a significant role in the RWA market, and Ondo Finance [ONDO] is at the forefront of this movement.
With a dominant market share and a growing user base, the platform continues to strengthen its position. Here’s what we know.
Ondo stocks surpass 150K holders in less than a year
Ondo Stocks has exceeded 150,000 unique holders within a year. The platform now accounts for 292,000 holdings across individual tokenized stocks and ETFs.
Tokenized stocks have collectively reached an impressive $2.8 billion in market cap across 21 issuers, with Ondo Finance leading the way at 34.9%.
xStocks follow closely with 22.5%, while Binance bStocks hold 21.2%. Together, these top three issuers represent 78.6% of the tokenized stocks market, highlighting the concentration at the top.
Previous reports from AMBCrypto indicated a rise in activity surrounding Ondo. Monthly transfer volume surged by 194% to $23.49 billion, and active addresses increased by 41.6% to nearly 601,000.
Distributed value saw a modest 4% increase to $2.33 billion during the same period.
Within this landscape, Ondo Stocks contribute approximately $1.01 billion in TVL, adding significance to the latest milestones in holders and market share.
xStocks outperforms Ondo in weekly market cap growth
Despite Ondo Finance’s dominance in the tokenized stocks market, it was not the fastest-growing issuer in the past week.
xStocks claimed the top spot by adding $17.3 million in market cap over seven days. Ondo followed with $10 million, while Superstate and Robinhood added $3.9 million and $3.3 million respectively.
As competition intensifies, this trend is one to monitor closely.
ONDO price surges by 12% amidst bullish momentum
ONDO token demonstrates strong momentum, trading around $0.40 at the time of writing, reflecting a growth of 12.42% for the day.
The RSI suggests significant buying pressure, while the DMI leans bullish with the positive directional indicator at 34.48, surpassing the negative indicator at 15.13.
However, the ADX stands at 17.73, indicating that buyers are in control.
Final Summary
- Ondo Finance leads the $2.8B tokenized stocks market with a 34.9% share.
- Despite this, xStocks outpaced Ondo in weekly market-cap growth.
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