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Ondo

ONDORank #49Health 56
$0.38274.68%24h

Live · updated 8 minutes ago

Market cap$1.87B
24h volume$66.72M
1 year-44.7%
From all-time high-82.1%
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Ondo Price chart

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Key stats

All-time high
$2.14
15 Dec 2024
All-time low
$0.0822
18 Jan 2024
BTC price
0.00000000
BTC
Volume / market cap
3.58%
 
Share of market
0.07%
 
Fully diluted
$3.83B
2.05×

Performance

How the price moved over each period.

1h-0.74%
24h-4.68%
7d-6.90%
30d+42.39%
200d+90.52%
1y-44.67%

Supply

48.7%circulating

4.87B of 10.00B ONDO are in circulation.

Circulating
4.87B
Total supply
10.00B
Max supply
10.00B
ⓘ Circulating · Total supply · Max supply

Circulating supply: coins currently available to trade, as reported by the data provider.

Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.

Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.

CryptoWave Health score

Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.

Fair
56
out of 100
Liquidity 25%
76

Volume is 3.58% of market cap. Normal turnover for its size.

Market depth 25%
60

$1.87B market cap, rank #50. Bigger is harder to push around.

Supply unlocked 15%
54

49% of the maximum supply circulates. Big unlocks could dilute holders.

Distance from peak 15%
19

82.1% below its all-time high of $2.14.

Price stability 20%
55

Largest recent swing: 4.68% a day. Moderate.

Describes market structure today. Not a price forecast and not investment advice.

How this score is calculated

A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:

  • Liquidity (25%): 24-hour trading volume divided by market cap.
  • Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
  • Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
  • Distance from peak (15%): the current price compared with the all-time high.
  • Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).

Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.

Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.

Time machine

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Strategy

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About Ondo

What is Ondo (ONDO)?

ONDO is the token tied to Ondo, a project that brings traditional financial assets onto blockchains. Ondo builds institutional-grade products that bring traditional markets onchain. Its best-known offerings are tokenized exposure to short-term US Treasuries (OUSG) and a yield-bearing dollar product (USDY), alongside tokenized public stocks and exposure to private companies. Tokenization means that a claim on an off-chain asset, such as a Treasury bill, is represented by a token that can be held in a crypto wallet and transferred between addresses.

The token itself is separate from those products. ONDO is the governance token of the Ondo DAO, a decentralized organization that votes on economic parameters and upgrades, and the Ondo Foundation helped set up the DAO. ONDO also governs Flux Finance, a lending protocol.

What ONDO is used for

ONDO is mainly a governance token. Holders can vote on DAO proposals, and delegation is allowed. The token does not give a claim on revenue from Ondo's products. Buying ONDO therefore does not mean owning Treasuries or receiving the yield on OUSG or USDY; those are separate tokens with their own terms and eligibility rules. Governance decisions are made by token-holder vote and are recorded on-chain, so anyone can review proposals and results. Voting power depends on the number of tokens held or delegated, which means larger holders have more influence.

ONDO supply and token design

ONDO is an ERC-20 token on Ethereum, with the contract at 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3. Total and maximum supply are 10 billion tokens, with no scheduled inflation. Transfers opened in January 2024 after a DAO vote lifted restrictions. Because only part of the 10 billion is circulating, further unlocks are expected over time. Live circulating supply is shown in the market data on this page.

Official information is on ondo.finance.

What to check before using ONDO

  • Token versus product: ONDO and the Ondo investment products are different assets with different rights.
  • Regulatory eligibility: Ondo's products such as USDY and its tokenized stocks are marked as not available in the US, so access depends on where you live.
  • Price sensitivity: ONDO trades like other crypto tokens and can be volatile, even when the assets behind Ondo's products are conservative.
  • Real-world asset risk: tokenized assets rely on custodians, issuers and legal structures outside the blockchain, which adds counterparty risk.
  • Governance concentration and unlocks: scheduled unlocks can change who holds voting weight, and governance power can be concentrated among large holders.

Ondo project profile

Open source
No
Hardware wallet support
Yes
Categories: Ethereum (ETH) Token (ERC-20)Real World Assets (RWA)Made in USA

Token contracts

Always confirm links on the project's own official channels before connecting a wallet or sending funds.

Ondo market analysis

With a market capitalisation of $1.87 billion, Ondo (ONDO) is classed as a mid-cap asset and ranks #50 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 96.3% of them. It accounts for roughly 0.07% of the combined tracked market value. Mid-cap assets sit between the established majors and the speculative long tail, so both growth and drawdowns can be sharp.

Over the last 24 hours roughly $66.72 million of ONDO changed hands, equal to 3.58% of its market cap, which puts its trading volume ahead of about 96.6% of tracked assets. That is a moderate, fairly typical level of turnover. Its turnover ratio is higher than that of about 47% of tracked assets.

Price action: ONDO moved −4.68% in 24 hours and −6.90% over 7 days. It underperformed Bitcoin by 2.50 percentage points over 24 hours and by 3.04 points over 7 days. Against the median tracked coin (behind by 2.44 points on the day and behind by 0.69 points on the week), it has been a relative laggard in recent sessions.

To overtake Aave (AAVE) just above it, Ondo would need to grow its market cap by about 3.2%; it is 0.8% larger than Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) just below. Its market cap is 0.12% of Bitcoin's.

Based on market data; not investment advice.

Ondo FAQ

What is Ondo (ONDO)?

Ondo is a project that tokenizes traditional financial assets such as US Treasuries and stocks. ONDO is its governance token on Ethereum.

What is ONDO used for?

ONDO is used to vote in the Ondo DAO and in Flux Finance governance. It does not give a claim on revenue from Ondo's products.

How many ONDO tokens are there?

Total and maximum supply are 10 billion ONDO, with no scheduled inflation. Only part is circulating, and the live figure is shown in the market data on this page.

Does ONDO represent ownership of Treasuries?

No. Treasury exposure comes from separate products such as OUSG and USDY. ONDO is a governance token.

Price history

DateCloseChange
2026-11-02$0.38694.40%
2026-11-01$0.40471.34%
2026-10-31$0.41021.42%
2026-10-30$0.41619.33%
2026-10-29$0.38069.79%
2026-10-28$0.42190.24%
2026-10-27$0.42091.20%
2026-10-26$0.41592.01%
2026-10-25$0.40770.54%
2026-10-24$0.40992.15%
2026-10-23$0.41892.29%
2026-10-22$0.42876.91%
2026-10-21$0.46051.54%
2026-10-20$0.45354.13%
2026-10-19$0.43550.21%
2026-10-18$0.43460.98%
2026-10-17$0.43893.39%
2026-10-16$0.45433.09%
2026-10-15$0.46885.23%
2026-10-14$0.44554.87%
2026-10-13$0.46830.28%
2026-10-12$0.469610.00%
2026-10-11$0.52185.24%
2026-10-10$0.49582.78%
2026-10-09$0.48242.53%
2026-10-08$0.47050.06%
2026-10-07$0.47024.31%
2026-10-06$0.49141.58%
2026-10-05$0.49930.14%
2026-10-04$0.49860.60%
2026-10-03$0.50161.81%
2026-10-02$0.49270.92%
2026-10-01$0.49730.50%
2026-09-30$0.49980.44%
2026-09-29$0.50203.44%
2026-09-28$0.519911.54%
2026-09-27$0.58779.28%
2026-09-26$0.53782.08%
2026-09-25$0.54925.21%
2026-09-24$0.522026.51%
2026-09-23$0.41266.50%
2026-09-22$0.44133.63%
2026-09-21$0.45795.85%
2026-09-20$0.43262.93%
2026-09-19$0.42035.42%
2026-09-18$0.39877.09%
2026-09-17$0.37237.14%
2026-09-16$0.34755.88%
2026-09-15$0.32827.50%
2026-09-14$0.35483.56%
2026-09-13$0.34261.75%
2026-09-12$0.34870.54%
2026-09-11$0.35062.34%
2026-09-10$0.34264.75%
2026-09-09$0.35974.00%
2026-09-08$0.37472.37%
2026-09-07$0.38380.98%
2026-09-06$0.38764.73%
2026-09-05$0.37013.50%
2026-09-04$0.35761.49%
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