ONDO has been on a tear lately. No other way to put it. The ONDO price is at $0.4060 right now, up over 6% just today. It saw weekly gains past 20% and monthly gains over 30%. This thing keeps climbing.
And the volume backs it up, trading activity shot up more than 80% in the last 24 hours. People aren’t just watching. They’re buying.
The immediate driver behind today’s move is a 77% jump in spot trading volume to $137 million, pointing to strong buying demand instead of a low-volume rally. The move has also benefited from the Bitcoin price climbing 1.15%, helping capital flow into altcoins as the Altcoin Season Index continues to improve.
Even so, market momentum is only part of the story. Ondo Finance has delivered several developments over the past week that continue to strengthen the investment case behind the ONDO price.
What you'll learn 👉
Why has ONDO Price Been Pumping?
The biggest catalyst behind the ONDO price is the accelerating adoption of tokenized real-world assets.
One of the week’s biggest announcements came from BNY, the world’s largest custody bank, which plans to support 24/7 settlement for both conventional and tokenized US Treasuries by 2027, with tokenized Treasury pilots beginning before the end of this year. For a sector built around bringing traditional assets on-chain, this marks another step toward institutional adoption.
A breakout week for tokenization.
— Ondo Finance (@Ondo) July 26, 2026
Tokenized holders passed 1 million, a global custody bank moved toward 24/7 settlement, and regulators aligned across borders.
Latest news ↓
1️⃣ BNY moves toward 24/7 tokenized Treasury settlement
BNY, the world's largest custody bank, plans… pic.twitter.com/vkgXK95lT5
Demand for tokenized assets is also accelerating. The number of tokenized asset holders climbed by more than 200,000 in a single week, taking the total above one million users, as the value of on-chain real-world assets reached roughly $36.6 billion. That growth directly benefits companies like Ondo Finance, whose products focus on tokenized Treasuries and institutional investment products.
Consumer adoption is expanding as well. Samsung announced that Samsung Wallet will introduce native stablecoin support, placing dollar-backed digital assets inside an application installed on hundreds of millions of Galaxy devices.
Regulators are also becoming more supportive. The United States and United Kingdom unveiled a joint 10-point roadmap for tokenized finance and stablecoins, creating a framework for cross-border tokenization.
Also, Ondo’s broker-dealer subsidiary, Oasis Pro Markets, secured FINRA authorisation to offer tokenized equities and investment funds under SEC and FINRA oversight, giving the company another regulatory advantage as institutional demand grows.
Related ONDO News: We Asked Grok and DeepSeek AI to Predict the Price of Kaspa (KAS) and ONDO by the End of September
Why This Analyst Believe the ONDO Price Could Still Have Room to Grow to $100B
Crypto analyst Kaff believes Ondo Finance is positioning itself for a much bigger opportunity than its present valuation implies.
His thesis begins with valuation. ONDO carries a fully diluted valuation of roughly $2.6 billion, despite operating in a tokenization market that many traditional financial institutions estimate could reach $5 trillion to $10 trillion by 2030.
He also points to Ondo’s growing business metrics. The platform manages around $3.2 billion in total value locked across products including USDY, OUSG and Ondo Stocks. USDY alone manage $2.1 billion, offering a yield of about 3.55% backed by short-term US Treasuries and bank deposits.
► Ondo Thesis To $100B
— Kaff 📊 (@Kaffchad) July 27, 2026
I'm bullish on RWA as a multi-year cycle, so of course I got heavy conviction on @OndoFinance too.
The leader of every narrative is always the trade whales wanna size with.
Do you actually think $ONDO sitting at $2.6B FDV inside a market that could go… pic.twitter.com/rVjki77VVt
Ondo Global Markets also crossed $1 billion in peak TVL and controls more than 70% of tokenized equity issuance, alongside access to more than 440 assets across its ecosystem.
The institutional infrastructure continues to expand. Ondo now owns Oasis Pro, giving it an SEC-registered broker-dealer, and is working with organisations including DTCC, Chainlink, J.P. Morgan Kinexys, Mastercard and Ripple on settlement infrastructure. Franklin Templeton has also announced plans to tokenize five ETFs using Ondo infrastructure.
Kaff believes these pieces position Ondo ahead of many competitors. His long-term outlook envisions ONDO reaching a $100 billion fully diluted valuation, equivalent to roughly $10 per token.
He also acknowledges that outcome depends on several major developments, including a revenue model that rewards token holders, successful adoption of Ondo Chain where ONDO becomes essential for network activity, and the tokenized asset market growing into the multi-trillion-dollar range.
Those are ambitious milestones, and they are unlikely to happen overnight. Even so, the ONDO price is benefiting today because investors are starting to price in the possibility that tokenized finance could become one of crypto’s biggest sectors over the next several years.
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