Ondo Finance, a DeFi platform that focuses on tokenizing RWAs (real-world assets), has registered a total value locked (TVL) exceeding $2.5 billion, a new record high, according to a revelation disclosed today by market analyst Terminal Token.
Ondo Finance is a DeFi platform that focuses tokening real-world assets (such as equities, treasuries, and several others), enabling them to trade in DeFi and unlocking their accessibility to institutional investors and even retail customers.
As per the analyst, Ondo’s TVL has reached a new ATH of $2.52 billion, now up by over 404% increase from the previous year, making the protocol one of the fastest growing platforms on the Ethereum ecosystem.
Ondo TVL Growth Exceeds $2.5 Billion
As per the analyst’s data, Ondo Network’s TVL climbed to a new record of $2.52 billion, marking a 31% rise from the level noticed in the previous month. This increase in TVL indicates robust accumulation and rising confidence in the platform, driven by heightened institutional activity and customer engagement in lending and tokenized yield offerings.
Ondo’s move to surpass $2.5 billion in TVL makes it one of the world’s leading protocols for tokenized US Treasuries and equities. As reported in the data, Ondo now leads in the tokenized US Treasuries market sector with a TVL of $2 billion, majorly due to its USDY product, which is over $1 billion in TVL and supports global investor access across nine blockchains. Also, Ondo’s OUSG, a tokenized short-term US Treasury product, another flagship main institutional investment product, now has a TVL of over $770 million, covering funds from leading asset management firms like Fidelity, BlackRock, and Franklin Templeton.
Also, the TVL of tokenized stocks on the Ondo Network is now more than $500 million, accounting for 50% of the market share. Since launching tokenized versions of 100+ U.S. stocks and ETFs on Ethereum in September 2025, the total trading volume of these products is now over $7 billion, driven by their 24/7 operations serving global investors.
The TVL Signals a Potential Bullish Reversal on the ONDO Price
The surge in on-chain activity on the Ondo Network is quite different from its weak price action, signaling a possible, upcoming bullish momentum. Today, the native token, ONDO, recorded a 5.1% price decline, making its price currently trade at $0.3311. Also, it has been down 4.4% and 12.9% over the past week and month, respectively, indicating steady selling pressure with market pullbacks.
However, beneath the surface, network activity shows that the selling momentum is coming calmer and capital continues to flow into the platform, with customer engagement continuing to climb. This silent buildup often comes before significant price movements.
Ondo has been down 12.9% over the past months, mainly triggered by the wider weakness currently being noticed in the larger crypto market. However, on-chain data shows a developing strength in the Ondo platform. The analyst’s metrics show that TVL has hit a new ATH of $2.52 billion, an 31% increase from the past month’s record, indicating rising liquidity, increasing user participation, and rising capital inflows into the protocol.
