Ondo Price Prediction: Will It Keep Rising?

Ondo has made itself as a core player in the RWA space, building an ecosystem that includes tokenized U.S. Treasuries, a lending platform governed by a DAO, and integrations with major blockchain networks. The ONDO token, which serves as the governance layer, plays a central role in coordinating that system.

This article breaks down ONDO’s price movement, governance structure, and distribution schedule, and looks at the key partnerships driving real usage. It also examines recent technical milestones, token unlocks, and broader market conditions to assess where the price could go next.

What is Ondo Finance?

Ondo was founded in 2022 by Nathan Allman, a former member of Goldman Sachs’ digital assets team. The project started with a clear goal: to make institutional-grade financial products available to a broader public through on-chain infrastructure. Instead of building another DeFi app, Ondo focused on bridging the gap between traditional finance and crypto by tokenizing real-world assets (RWAs).

The structure behind Ondo includes three key entities. The Ondo Foundation, based in the Cayman Islands, is a non-profit responsible for governance and long-term stewardship. Ondo Finance serves as the commercial arm, managing intellectual property and driving adoption through business development. The Ondo DAO governs critical pieces of the ecosystem, including protocol upgrades and economic parameters, particularly within Flux Finance.

Its products reflect that real-world finance focus. USDY is a tokenized note backed by U.S. Treasuries and bank deposits, currently offering around 5.2% APY. It’s live on multiple chains, including Ethereum and Solana. OUSG provides tokenized exposure to short-term U.S. Treasuries, designed for more conservative risk profiles. Flux Finance, the lending layer governed by ONDO holders, allows users to borrow against tokenized assets, blending the yield of traditional markets with the flexibility of DeFi.

Rather than chasing trends, Ondo has built its infrastructure around regulatory alignment, composability, and real-world integration. The result is a platform that appeals to institutions and retail users alike, anchored in products that reflect real demand.

ONDO Token Overview

ONDO is the governance token that powers decision-making within the Ondo ecosystem. Its primary function is to give holders voting rights over Flux Finance and other protocol parameters governed by the Ondo DAO. Proposals related to economic policy, smart contract upgrades, and community funding all pass through this system.

The total token supply is fixed at 10 billion, with no planned inflation. As of June 2025, around 3.16 billion ONDO are in circulation, roughly 32% of the total supply. A major unlock in January 2025 released 1.94 billion tokens, significantly increasing liquidity but also adding short-term selling pressure.

DAO governance follows a structure forked from Compound’s Governor Bravo model. To submit a proposal, an address must control at least 100 million ONDO, either directly or via delegated votes. Proposals require a quorum of 1 million votes to pass and are subject to a 1-day timelock before execution. Voting takes place on-chain using tools like Tally, and participation is open to all ONDO holders.

This system is designed to give real influence to active stakeholders while filtering out low-effort or malicious proposals. It also sets the foundation for more decentralized control as the project scales.

Market Performance 

ONDO is currently trading around $0.746, placing it nearly 65% below its all-time high of $2.14, which it reached in mid-December 2024. That high followed a sharp rally after the U.S. presidential election, when renewed optimism around crypto policy and institutional adoption sent RWA-related tokens climbing across the board. ONDO was one of the top beneficiaries, driven by its integrations with Ripple, BlackRock, and the broader excitement around tokenized Treasuries.

But the momentum didn’t last. In January 2025, the project released 1.94 billion unlocked tokens, expanding circulating supply by more than 160%. While this boosted liquidity, it also triggered a wave of profit-taking that sent the token into a multi-month correction. The price fell sharply and eventually found support in the $0.70 to $0.80 range, where it has mostly traded since Q2 2025.

Volume data shows that ONDO remains actively traded, with Binance, Coinbase, and Upbit leading the way. Combined 24-hour volume sits between $83 million and $108 million, depending on market conditions. Most trading pairs are denominated in USDT, though Korean won pairs on Upbit have also seen surges during local buying frenzies.

Despite the pullback, ONDO remains well above its all-time low of $0.082, set in January 2024 just after launch. 

Fundamental Factors

Institutional Adoption

ONDO’s credibility got a major boost in early 2024 when BlackRock accepted a $95 million allocation into its BUIDL fund from Ondo. The integration allowed instant settlements using tokenized assets, signaling that Ondo’s infrastructure could meet institutional demands. That momentum carried into 2025, when J.P. Morgan’s Kinexys unit collaborated with Ondo and Chainlink to settle the first cross-chain delivery-versus-payment (DvP) transaction on tokenized U.S. Treasuries. The test took place on Ondo’s own chain and validated its ability to handle complex TradFi integrations.

Ondo’s work with Ripple brought tokenized U.S. Treasuries to the XRP Ledger, expanding its footprint into one of the more enterprise-focused blockchain networks. Major names like Coinbase Ventures, Morgan Stanley, and BNY Mellon also appear as ecosystem supporters, giving further weight to the project’s institutional alignment.

Strategic Partnership & Integrations

Ondo’s growth hasn’t only come from Wall Street. It’s also integrated across several major crypto-native platforms. In 2025, USDY, Ondo’s yield-bearing stablecoin, launched on Solana, with support from Jupiter Exchange, Raydium, and Orca. Around the same time, Ondo partnered with Pendle Finance, allowing users to split USDY’s principal and yield components for more flexible trading strategies.

Adoption in emerging markets has also started. TruBit, a cross-border payment platform in Latin America, added USDY to its roster, giving users access to U.S. Treasury-backed yields in stablecoin form. Meanwhile, Ondo enabled 24/7 conversions between OUSG and PayPal’s PYUSD, making treasury exposure more accessible for everyday users.

Technical Milestones

In parallel with these partnerships, Ondo has been building infrastructure. The launch of Ondo Chain, a permissioned Layer-1 network tailored for RWA trading, was designed to give institutions a secure and compliant platform for on-chain finance. ONDO is also deployed across Ethereum, Solana, Sui, and the XRP Ledger, increasing liquidity and interoperability.

Finally, the Global Markets Alliance, launched in June 2025, brought together firms like BitGo, Fireblocks, and the Solana Foundation to promote shared standards for tokenized financial instruments. Ondo plays a leading role in this effort, aiming to shape the rules of the RWA market as it matures.

Token Unlocks and Supply Dynamics

ONDO’s supply dynamics have played a major role in shaping its price performance. In January 2025, the project released 1.94 billion tokens into circulation, marking the largest unlock event since launch. This expanded the circulating supply to over 3.1 billion ONDO, boosting liquidity but also contributing to short-term price pressure as early investors and participants took profits.

The unlock followed a successful governance vote under DAO proposal FIP-08, which removed transfer restrictions on the token. Until then, ONDO had been largely non-transferable for most holders, which had kept liquidity constrained. The community’s decision to open up movement was seen as a step toward greater decentralization, but it also introduced new volatility tied to market timing and unlock expectations.

Token distribution is being carried out over a five-year linear schedule, starting from early 2024. That means more supply will continue to enter the market in phases through 2029. Investor tranches, including seed, Series A, and CoinList buyers, are all subject to structured release periods, some extending as long as 48 or 60 months.

Each upcoming unlock could bring renewed sell pressure unless matched by growth in demand or new partnerships. For traders and long-term holders, the supply schedule has become a key consideration in modeling future price behavior. As the token becomes more widely distributed, governance power also becomes more decentralized, shifting control from early insiders to a broader community of participants.

Price Prediction Models

ONDO’s next moves will depend heavily on whether current consolidation holds or breaks down. Analysts are split between near-term caution and long-term optimism, with projections ranging from mild recovery to new highs depending on adoption pace and market momentum.

That said, the downside risk isn’t negligible. A sustained breakdown below $0.58 would likely invalidate the current wedge structure and shift sentiment bearish. This level is also close to a major post-unlock support zone, if breached, it could trigger a return to the lower $0.40s or even sub-$0.30 ranges in extreme conditions.

ONDO’s path from here depends on volume, macro conditions, and whether upcoming unlocks are absorbed without disrupting market balance.

Will Ondo Keep Rising?

ONDO’s outlook depends as much on external risk as it does on growth potential. One of the biggest variables is regulatory pressure. While Ondo has taken steps to stay compliant, meeting with the SEC’s Crypto Task Force and operating through structured entities, there’s still no guarantee that U.S. regulators won’t target governance tokens like ONDO under securities law. A shift in classification could limit exchange access or force structural changes to the DAO.

Another risk comes from macro policy. USDY, Ondo’s flagship yield-bearing token, derives returns from U.S. Treasuries. If the Federal Reserve begins cutting rates, the APY tied to USDY will fall, potentially weakening demand. At the same time, rate hikes could slow crypto liquidity overall, creating a different kind of drag.

In the RWA space, Ondo is ahead for now, but it’s not alone. BlackRock’s BUIDL, along with platforms like Maple Finance and Centrifuge, are pushing tokenization agendas of their own. As the market matures, competing infrastructure could take attention and volume away from Ondo unless it continues to innovate and differentiate.

Finally, DeFi-native risks still apply. Oracle manipulation, smart contract bugs, and poor DAO participation can undermine trust. If governance becomes too centralized or proposals start failing due to low turnout, it could erode the legitimacy of the project’s decentralized structure. For ONDO to keep rising, the tech has to hold, and the community has to stay engaged.

Conclusion

Ondo has carved out a distinct position in the race to bring real-world assets on-chain. Its focus on tokenized Treasuries, institutional integrations, and structured governance has made it one of the most closely watched projects in the RWA space. Backing from names like BlackRock, Ripple, and Coinbase Ventures gives it credibility few other DeFi protocols can claim.

The long-term case for ONDO depends on consistent adoption, continued decentralization through its DAO, and the ability to ship real-world use cases that institutions want. As more capital flows into tokenized assets, Ondo’s infrastructure is already in place to capture that demand, if it can maintain its pace of execution.

Short term, cautious optimism is warranted. ONDO is holding a key support zone and showing signs of stability after a volatile Q1. A clean break above $0.80 could shift momentum and open the door to higher levels. But that move needs to be backed by volume and not just sentiment.

For now, ONDO remains one of the stronger RWA plays, but the path forward will depend on how it handles competition, unlocks, and the shifting regulatory landscape.

Frequently Asked Questions (FAQ)

What is ONDO used for?

ONDO is a governance token used to vote on decisions within the Ondo DAO, including proposals that affect Flux Finance and other core protocol functions. It gives holders direct influence over the platform’s direction.

Is ONDO a real-world asset (RWA) token?

No. ONDO governs a protocol that supports tokenized RWAs, but it isn’t an RWA itself. Instead, tokens like USDY and OUSG represent yield-bearing real-world assets within the Ondo ecosystem.

Can ONDO be staked?

Not in the traditional sense. ONDO tokens aren’t used for staking to earn yield, but they can be delegated for voting power in the DAO. Some governance structures may reward participation in the future.

What chains is ONDO available on?

ONDO is deployed across Ethereum, Solana, Sui, and the XRP Ledger, with more integrations expected as Ondo expands its multi-chain footprint.

How many ONDO tokens are in circulation?

As of June 2025, around 3.16 billion ONDO are in circulation out of a total 10 billion max supply. Tokens are unlocking gradually over a five-year schedule ending in 2029.

What affects the price of ONDO?

Price is driven by token unlocks, DAO activity, adoption of Ondo products like USDY, and broader market sentiment around DeFi and RWA adoption. Key support sits around $0.58, with resistance near $0.80.