Ondo Finance (ONDO) is leading the RWA sector by transaction volume, significantly outpacing other RWA tokens in recent months, according to IntoTheBlock. While its transaction volume was relatively low for most of the year, a notable surge began in late 2024, when the token achieved the highest transaction volume among those tracked. That volume spiked to over 400 million in January 2025, but has since dropped to under 300 million, though it still significantly outpaces other tokens in the RWA space.
This surge in transaction activity comes hand in hand with other key developments at Ondo Finance. Most notably, on February 5, Ondo Finance announced a major upgrade to its Ondo Global Markets platform to bring U.S. securities like stocks, bonds, and ETFs to the blockchain. The platform currently offers global access to over 1,000 securities listed on the NYSE and Nasdaq.
RWA.xyz data shows steady growth in the global tokenized real-world asset market over the past year, with major players like BlackRock contributing to the total value of over $17 billion. Ondo has a $650 million share of the $3.5 billion tokenized US Treasury bond market.
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