- 1. Key Takeaways
- 2. Ondo (ONDO) Key Data (October 2026)
- 3. What Is Ondo (ONDO)?
- 4. Ondo News: What Has Happened in 2026
- 5. ONDO Price History
- 6. ONDO Price Prediction 2026
- 7. ONDO Price Prediction 2027
- 8. ONDO Price Prediction 2028 and 2029
- 9. ONDO Price Prediction 2030
- 10. ONDO Price Prediction 2040
- 11. What Drives the ONDO Price?
- 12. Can ONDO Reach $1 or Its $2.14 Record?
- 13. Key Risks of ONDO
- 14. Where to Buy ONDO
- 15. Is Ondo (ONDO) a Good Investment?
- 16. Frequently Asked Questions
Last Updated: October 27, 2026
Quick Answer: Ondo (ONDO) trades near $0.40 as of October 27, 2026, with a market cap of about $1.96 billion (#41 on CoinMarketCap). It is up about 12.5% since the end of 2025 but about 81% below its December 2024 all-time high of $2.14. The central estimates of all the models we track put ONDO lower at the end of 2026, at about $0.25 (CoinLore) to $0.33 (CoinCodex), while their 2030 estimates split sharply, from about $0.12 (Traders Union) to $0.75 (CoinCodex). About 1.71 billion ONDO, roughly 35% of the circulating supply, is due to unlock on January 18, 2027.
Ondo Finance turns traditional assets such as US Treasuries, stocks and ETFs into tokens, and ONDO is the token of its ecosystem. In 2026, its tokenized stock platform passed $1 billion in total value locked, it launched the Ondo Network, and a US spot ONDO ETF from 21Shares remained pending. The price fell to its 2026 low in February, nearly tripled by late September and has since given back about a third.
This update covers the current ONDO price, the main 2026 developments, the latest forecasts for 2026 to 2030 and what it would take for ONDO to return to $1 or its $2.14 record.
Key Takeaways
- ONDO trades about 81% below its all-time high of $2.14, set on December 16, 2024, according to CoinMarketCap
- The token is up about 12.5% since the end of 2025: it fell to $0.206 on February 6, rose to $0.605 by September 28, then lost about a third by late October
- A large unlock is coming: about 1.71 billion ONDO, roughly 35% of the circulating supply, unlocks on January 18, 2027, according to CoinMarketCap
- Ondo Stocks, its tokenized stock platform, passed $1 billion in total value locked in May and showed about $1.34 billion in late October, according to Ondo
- A US spot ONDO ETF from 21Shares is still pending, with no SEC filing since its amended registration statement in February 2026
- Central estimates from current models put ONDO between about $0.25 and $0.33 at the end of 2026, below today’s price, and between about $0.12 and $0.75 in 2030
Ondo (ONDO) Key Data (October 2026)
| Metric | Value |
|---|---|
| Price (October 27, 2026) | About $0.4034 |
| Market Cap | About $1.96B |
| Fully Diluted Valuation | About $4.03B |
| CoinMarketCap Rank | #41 |
| 24h Trading Volume | About $112M |
| Circulating Supply | About 4.87 billion ONDO (48.7% of max) |
| Max Supply | 10 billion ONDO |
| Next Unlock | About 1.71 billion ONDO (January 18, 2027) |
| All-Time High | $2.14 (December 16, 2024) |
| Drop From ATH | About 81.2% |
| 2026 Range | $0.206 (February 6) to $0.605 (September 28) |
| 2025 Close | About $0.3586 |
| Ondo Stocks TVL | About $1.34B (Ondo) |
Sources: CoinMarketCap, CoinGecko and Ondo’s website. CoinGecko shows the same circulating supply but ranks ONDO #49 and lists an all-time low of $0.08217. This article measures the year-to-date change from the December 31, 2025 close; CoinMarketCap’s own figure starts from the January 1 close and shows a gain of about 4%.
What Is Ondo (ONDO)?
Ondo Finance issues tokenized versions of traditional financial assets. Its main products are USDY, a yield-bearing token backed mostly by US Treasuries and offered only outside the US; OUSG, which holds tokenized Treasury and liquidity funds from managers such as State Street, BlackRock, Franklin Templeton and Fidelity; and Ondo Stocks, also called Ondo Global Markets, which offers tokenized US stocks and ETFs on Ethereum, BNB Chain and Solana. Its subsidiary Oasis Pro, acquired in October 2025, holds SEC-registered broker-dealer and transfer agent licenses.
Yield products built on stablecoins are multiplying as well; in February 2026, Ymax opened early access to its stablecoin yield orchestration platform.
ONDO is a token on Ethereum with a maximum supply of 10 billion and, according to Ondo’s documentation, no planned inflation. DefiLlama classifies it as a governance token and lists no fee switch, buybacks, burns or dividends. More background is available on the official Ondo website.
Ondo News: What Has Happened in 2026
Tokenized stocks. Ondo Stocks went live on Solana in January, and on May 11 Ondo said it had passed $1 billion in total value locked, a first for any tokenized stock platform. Its tokenized stocks reached Binance Alpha in February, a Binance trading facility regulated in Abu Dhabi in March and 360X, a trading venue backed by Deutsche Börse Group, in April. By October, Ondo said it offered more than 450 stocks and ETFs, with about $1.34 billion in total value locked. The tracker rwa.xyz counts a lower $914 million, second among tokenized stock issuers behind bStocks.
US market access. In February, Ondo Stocks confidentially filed a registration statement with the SEC. In July, Ondo launched its first tokenized securities in the US, starting with BlackRock’s iShares Core S&P 500 ETF and Micron, and said its broker-dealer, Oasis Pro Markets, had received US regulatory authorization to offer tokenized equities and funds. In September, Oasis Pro Markets joined DTCC’s Fund/SERV, the first tokenization platform to do so, according to Ondo.
Treasuries and new products. Ondo is the largest issuer of tokenized US Treasuries: rwa.xyz ranks it first with about $3.1 billion, around 21% of the market, and its USDY is narrowly the largest single product, at about $2.38 billion, just ahead of Circle’s USYC. In May, Ondo, J.P. Morgan’s Kinexys, Mastercard and Ripple completed what they called the first near real-time cross-border, cross-bank redemption of a tokenized Treasury fund, using OUSG. In July, Ondo introduced the Ondo Network, an execution layer for financial markets that it says “isn’t a blockchain today,” with the perpetual futures platform Ondo Perps as its first application. Intelligent Portfolios, built on BlackRock strategies, followed in September and Ondo Private Markets in October. Ondo’s posts on the Ondo Network, Ondo Perps and Intelligent Portfolios do not mention the ONDO token.
Leadership. In late May, Ondo announced the unexpected death of its founder and CEO, Nathan Allman. Ian De Bode, then Ondo’s president, took over as CEO, and on June 1 he wrote that the company is executing the roadmap Allman set. Allman’s mother, as the representative of his estate, has since challenged De Bode’s appointment in the Delaware Court of Chancery. The case is unresolved, and as of a September 3 court order, De Bode remains acting CEO.
SEC and ETFs. Ondo said in December 2025 that the SEC had closed its investigation of the company without charges. 21Shares filed for a US spot 21Shares Ondo ETF in July 2025 and filed an amended S-1 registration statement on February 6, 2026, naming Nasdaq as the planned listing venue. No later filing has appeared, so the fund has not been approved or launched. In Europe, 21Shares and Valour offer Ondo exchange-traded products.
Supply. ONDO unlocks in one large block each January. On January 19, 2026, CoinMarketCap’s circulating supply rose by about 1.71 billion ONDO, a 54% jump, and the price fell about 15% between the January 17 and January 20 closes. The next unlock, also about 1.71 billion ONDO, is due on January 18, 2027, according to CoinMarketCap’s tracker: about 792 million for ecosystem growth, 660 million for protocol development and 258 million for equity investors. Reports citing the tracker Tokenomist put past tranches higher, at about 1.9 billion ONDO each.
ONDO Price History
| Date | Key Level (CoinMarketCap) |
|---|---|
| January 18, 2024 | First trading day; all-time low of $0.0835 |
| December 16, 2024 | All-time high of $2.14 |
| End of 2024 | $1.3448 (up 508% from the first-day close) |
| End of 2025 | $0.3586 (down 73%) |
| February 6, 2026 | 2026 low of $0.2063 |
| September 28, 2026 | 2026 high of $0.6048 |
| October 27, 2026 | About $0.4034 |
ONDO began trading on January 18, 2024, and rallied to $2.14 that December. Its market cap peaked at about $4.95 billion on January 30, 2025, on a daily closing basis, after the January 2025 unlock more than doubled its circulating supply. ONDO then lost 73% in 2025 and ended the year at its lowest close of 2025.
In 2026, ONDO fell about 20% in January, its worst month, including a drop of about 15% around the annual unlock, and hit its 2026 low on February 6 after a market-wide sell-off. It rose 38% in May and 44% in September, its best month. On September 24, the day Ondo launched Intelligent Portfolios, it gained about 27% on the year’s highest trading volume, and it peaked four days later. It is down about 17% for October through October 26.
ONDO Price Prediction 2026
With about two months left in the year, the central estimates of all three models we track put ONDO below today’s price at the end of 2026.
| Source | Low | Average | High |
|---|---|---|---|
| CoinCodex (December 2026; headline target $0.3312) | $0.3311 | $0.3317 | $0.3323 |
| CoinLore (bear / base / bull) | $0.1493 | $0.2488 | $1.19 |
| Traders Union (December 2026) | $0.2808 | $0.2865 | $0.2922 |
CoinCodex expects about $0.33 by the end of the year, roughly 18% below today’s price; its headline target of $0.3312 sits at the bottom of its narrow December range, not at the top. Traders Union expects about $0.2865, a drop of about 29%, although its page summary quotes $0.34, which is its November average. CoinLore’s base case of $0.2488, given only in its text, would be a decline of about 38%, and its bull case of $1.19 would be nearly three times today’s price. All three pages were updated on October 26 or 27 and show a current price.
We do not use the figures from Changelly, whose tables start from a price far above today’s, from CoinDataFlow, whose ONDO forecasts were almost the same multiples of the current price as its forecasts for other coins, or from BeInCrypto, whose ONDO page shows placeholder values such as a $0.00 price.
ONDO trades about 9% below its 50-day moving average of $0.4439 and about 9% above its 200-day average of $0.3692, with a 14-day RSI of about 41, according to CoinCodex, which lists support at about $0.4032 and $0.3909 and resistance at about $0.4253 and $0.4350.
Range of central 2026 estimates: about $0.25 to $0.33.
Blockchainreporter Scenario Range for the End of 2026
Unlike the model forecasts above, this range is Blockchainreporter’s own. It shows where ONDO could close on December 31, 2026 if it keeps the volatility of the past 90 days, without assuming a trend in either direction. It is a scenario range, not a price target or investment advice.
| Scenario | ONDO on December 31, 2026 | What could drive it |
|---|---|---|
| Bear (10th percentile) | $0.246 | Selling ahead of the January 18, 2027 unlock, which adds about 35% to the circulating supply, starts early |
| Base (middle 50% of outcomes) | $0.309 to $0.513 | Ondo Stocks keeps growing but, without a fee switch or buybacks, ONDO mostly follows the market |
| Bull (90th percentile) | $0.645 | The SEC approves the 21Shares Ondo ETF while tokenized stock volumes keep growing |
How we calculated it: ONDO traded at about $0.398 on CoinGecko on November 5, 2026, and its daily moves over the previous 90 days imply annualized volatility of about 96%. Projecting that volatility over the 56 days to the December 31 close, with no trend, half of the modeled outcomes fall inside the base range, one in ten ends above the bull figure and one in ten ends below the bear figure. Crypto prices have fatter tails than this model assumes, so moves beyond the bear and bull figures are more likely than it suggests. Blockchainreporter’s Crypto Price Prediction Tracker records this range and will score it against CoinMarketCap’s December 31 close in January 2027.
ONDO Price Prediction 2027
| Source | Low | Average | High |
|---|---|---|---|
| CoinCodex (monthly range) | $0.2836 | $0.5490 | $1.13 |
| CoinLore (bear / base / bull) | $0.1916 | $0.3194 | $1.79 |
| Traders Union (end of 2027) | n/a | $0.3871 | n/a |
The central 2027 estimates range from about $0.32 at CoinLore to $0.55 at CoinCodex, whose monthly path peaks at $1.13 in August 2027. Traders Union’s monthly table ends in October 2027, so its year-end figure has no matching December row and should be treated with caution. Most of these models are built mainly on past prices, and none of the three pages mentions the January 2027 unlock or the ETF.
ONDO Price Prediction 2028 and 2029
| Source | 2028 (central) | 2029 (central) |
|---|---|---|
| CoinCodex (average of monthly forecasts) | $0.5980 | $0.4304 |
| CoinLore (base case) | $0.4453 | $0.4676 |
| Traders Union (end of year) | $0.2966 | $0.1668 |
For 2028 and 2029, central estimates range from about $0.17 to $0.60, with CoinCodex the most optimistic for 2028 and Traders Union’s model falling steadily. CoinLore’s bull cases for 2028 ($5.16) and 2029 ($4.63) are higher than its bull case for 2030.
ONDO Price Prediction 2030
| Source | Low | Average | High |
|---|---|---|---|
| CoinCodex (monthly range; headline target $0.7533) | $0.4840 | $0.6202 | $0.8358 |
| CoinLore (bear / base / bull) | $0.3970 | $0.6617 | $3.14 |
| Traders Union (end of 2030) | n/a | $0.1214 | n/a |
2030 estimates split sharply. CoinCodex’s average of $0.6202 and CoinLore’s base case of $0.6617 imply gains of about 54% to 64%, and CoinCodex’s headline target of $0.7533 would be about 87% above today’s price. Traders Union expects about $0.12, roughly 70% lower. CoinLore’s page says ONDO could approach $3.1 by 2030, but that is its bull case, about 7.8 times the current price.
All forecasts are third-party model estimates, not investment advice.
ONDO Price Prediction 2040
Long-range forecasts are highly speculative. CoinCodex projects about $1.61 by 2040, the top of its December 2040 range, and Traders Union expects about $0.13. CoinLore is far more optimistic, with a base case of $4.81 and a bull case of $15.90.
What Drives the ONDO Price?
- Token unlocks: the January 18, 2027 tranche, worth about $690 million at today’s price, would lift circulating supply to about 6.58 billion, or 65.8% of the maximum, and CoinMarketCap’s tracker leaves another 3.42 billion ONDO locked after that.
- Tokenized asset growth: Ondo Stocks TVL rose from about $370 million at the end of 2025 to about $1.34 billion, according to Ondo.
- Value capture: without a fee switch, buybacks or burns, growth in Ondo’s products may not translate into demand for the token.
- Regulation and ETFs: an SEC decision on the 21Shares Ondo ETF and US rules for tokenized securities could move sentiment.
- Competition: Ondo ranks second in tokenized stocks behind bStocks on rwa.xyz, and Franklin Templeton and Circle run large rival tokenized Treasury products.
- The wider market: like most altcoins, ONDO tends to move with Bitcoin and overall risk appetite, as on February 5, when Bitcoin fell about 14% and ONDO about 17%. Our Bitcoin price prediction covers the market leader.
Can ONDO Reach $1 or Its $2.14 Record?
Not on the central estimates of any model we track by 2030; only bull cases and CoinCodex’s August 2027 monthly high go above $1 before then. ONDO last closed above $1 on September 20, 2025, and closed as high as $1.15 on July 22, 2025. With about 4.87 billion ONDO in circulation, each price level implies a market cap that can be compared with other coins.
| ONDO Price | Market Cap Needed | Multiple of Today’s Price | For Comparison |
|---|---|---|---|
| $0.50 | About $2.4B | About 1.24x | Below Avalanche ($3.9B) today |
| $1 | About $4.9B | About 2.5x | Between Avalanche ($3.9B) and Cardano ($7.5B) today |
| $2.14 (ATH) | About $10.4B | About 5.3x | Above Chainlink ($8.4B) today |
| $5 | About $24.3B | About 12.4x | Below TRON ($31.1B) today |
| $10 | About $48.7B | About 24.8x | Below Solana ($58.8B) today |
At $1, ONDO’s circulating market cap would be just below its own record of about $4.95 billion from January 2025, and its fully diluted value of $10 billion would be below Dogecoin’s $12 billion. If the January 2027 unlock lifts circulating supply to about 6.58 billion ONDO, every price level needs about 35% more market cap. Because supply has grown from about 1.39 billion ONDO in December 2024, a return to the $2.14 record would require about $10.4 billion, roughly twice ONDO’s highest market cap so far. Among central estimates, CoinCodex’s 2040 projection and CoinLore’s base cases for 2035 ($2.13) and 2040 ($4.81) pass $1. Our XDC Network price prediction covers another real-world asset token.
Key Risks of ONDO
- Unlock pressure: the January 2027 unlock adds about 35% to the circulating supply, and about 51% of the maximum supply is still locked
- Weak value capture: Ondo’s posts on the Ondo Network, Ondo Perps and Intelligent Portfolios do not mention the token
- Deep drawdown: ONDO trades about 81% below its 2024 high and is down about 46% over the past year
- Regulatory uncertainty: the 21Shares ETF is still pending, and US rules for tokenized securities are still taking shape
- Leadership dispute: Allman’s estate is challenging Ian De Bode’s appointment as CEO in the Delaware Court of Chancery, and the case is unresolved
- Data gaps: trackers disagree on the size of past unlocks, and Ondo’s own Ondo Stocks TVL is higher than the figure rwa.xyz reports
- Model limits: most forecasts extrapolate past prices, and their 2030 estimates range from about $0.12 to $0.75
Where to Buy ONDO
ONDO has spot markets on major exchanges including Binance (ONDO/USDT, ONDO/USDC and ONDO/TRY), Coinbase (ONDO/USD), Kraken (ONDO/USD and ONDO/EUR), OKX (ONDO/USDT) and Crypto.com (ONDO/USD). CoinGecko also lists active ONDO markets on Gate, Bitget, Bitvavo and Bybit. Availability depends on your country, so check what each platform offers where you live. Our guide to the best crypto exchanges compares fees and features.
ONDO is a token on Ethereum, so it can be held in wallets that support Ethereum tokens; check the contract address before sending funds. Our crypto wallets guide explains the trade-offs between wallet types. Before acting on market-moving claims about ONDO, such as ETF approvals or unlock dates, check them against primary sources; our guide on how to verify crypto news and rumors explains how.
Is Ondo (ONDO) a Good Investment?
That depends on your view of tokenization, how much of its value you think the ONDO token can capture and your tolerance for risk. The bull case rests on Ondo’s lead in tokenized Treasuries, the growth of Ondo Stocks, its US licenses, its work with BlackRock, J.P. Morgan’s Kinexys and DTCC, and a possible US spot ETF. The bear case is that another large unlock is due in January 2027, the token has no fee switch, and none of the central forecasts we track sees ONDO ending 2026 above today’s price.
ONDO has lost about 81% of its value since its 2024 peak, and further losses are possible. The January 2027 unlock, the SEC’s decision on the 21Shares ETF and growth in Ondo’s tokenized products are the main known factors that could affect ONDO over the next year. For more forecasts across the market, see our crypto price predictions.
Data sources: CoinMarketCap (price, market cap, supply, unlock tracker, all-time high, price history), CoinGecko, Ondo’s website, blog and documentation, SEC EDGAR (21Shares Ondo ETF filings), 21Shares, Valour, rwa.xyz (tokenized Treasuries and stocks), DefiLlama (token rights), Tokenomist, exchange data from Binance, Coinbase, Kraken, OKX and Crypto.com, reporting by Cryptoast and MEXC News, and the forecast pages of CoinCodex, CoinLore and Traders Union, as of October 27, 2026.
Frequently Asked Questions
What is the Ondo price prediction for 2026?
Central estimates from current models put ONDO between about $0.25 and $0.33 at the end of 2026, below the late October price of about $0.40. CoinCodex expects about $0.33, roughly 18% lower. Traders Union expects about $0.29, and CoinLore’s base case is $0.25. CoinLore’s bull case is $1.19. A large token unlock is also due on January 18, 2027.
What is the Ondo price prediction for 2030?
2030 estimates split sharply. CoinCodex’s average of $0.62, its headline target of $0.75 and CoinLore’s base case of $0.66 point to gains of about 54% to 87% from the late October price. Traders Union expects about $0.12, a fall of about 70%. CoinLore’s bull case is $3.14. The models are largely built on past prices, and their pages do not mention unlocks.
Can ONDO reach $1 again?
Not on the central estimates of any model we track by 2030. ONDO last closed above $1 in September 2025. At $1, it would need a circulating market cap of about $4.9 billion, about 2.5 times today’s value and close to its January 2025 record of $4.95 billion. After the January 2027 unlock, the same price would require about $6.6 billion.
When is the next ONDO token unlock?
CoinMarketCap’s tracker shows the next unlock on January 18, 2027: about 1.71 billion ONDO, or 17.1% of the 10 billion maximum supply, for ecosystem growth, protocol development and equity investors. That equals about 35% of today’s circulating supply of 4.87 billion. ONDO unlocks in one large block each January, and the price fell about 15% around the January 2026 unlock.
Is there an Ondo ETF?
Not yet in the US. 21Shares filed for a spot 21Shares Ondo ETF in July 2025 and filed an amended S-1 registration statement on February 6, 2026, planning a Nasdaq listing with Coinbase Custody and BitGo as custodians. No later filing has followed, so the fund has not been approved or launched. In Europe, 21Shares and Valour offer exchange-traded products tracking ONDO.
What is Ondo Finance used for?
Ondo Finance issues tokenized versions of traditional assets. USDY is a yield-bearing token backed mostly by US Treasuries for investors outside the US, OUSG holds tokenized Treasury and liquidity funds, and Ondo Stocks offers more than 450 tokenized US stocks and ETFs. The ONDO token itself is classified by DefiLlama as a governance token, with no fee switch, buybacks or burns.
Where can I buy ONDO?
ONDO trades on major exchanges including Binance, Coinbase, Kraken, OKX and Crypto.com, and CoinGecko also lists markets on Gate, Bitget, Bitvavo and Bybit. Availability depends on your country, so check each platform’s supported assets before buying. ONDO is a token on Ethereum, so use a wallet that supports Ethereum tokens if you plan to withdraw it from an exchange.
Nothing in this article is financial advice. Cryptocurrency investments carry substantial risk.
About the author
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.