ONDO price remains far below the levels implied by one analyst’s view of the project’s future. Sarosh, founder of AlphaVille and Q Publishing, believes the market may be failing to understand the size of the financial network Ondo is developing.
His argument does not rely on an exact ONDO price target or a deadline. The case focuses on Ondo’s rapid asset growth, rising trading activity, regulatory reach, and connections across traditional finance.
A $100 billion valuation would require ONDO’s circulating market capitalization to grow about 50 times from its present level of roughly $2 billion. Such an increase sounds extreme at first. However, Sarosh argues that Ondo’s expansion and crypto’s history of pricing future expectations make the scenario worth examining.
This article is based on a series of posts Sarosh shared about Ondo Finance and the possible path toward a much larger valuation.
What you'll learn 👉
Sarosh Believes the Market Has Mispriced ONDO Price
Sarosh avoids presenting a precise price prediction because nobody can reliably determine when the market will recognize Ondo’s progress. His central claim is that ONDO may be mispriced rather than simply undervalued.
An undervalued asset has a business or network that the market understands, even though its valuation remains below the level supported by its fundamentals. A mispriced asset presents a different situation. The market may not fully understand what the project could become or how large its opportunity could eventually become.
Sarosh places ONDO within the second category. His view rests on the scale of Ondo’s infrastructure and the speed at which several core figures have grown.
Ondo’s distributed asset value increased from roughly $2.61 billion to about $3.59 billion. That change represents nearly $1 billion in additional assets and growth of about 38%.
Several other figures strengthened his argument:
- Tracked real world assets increased from 204 to 441, which represents growth of roughly 116%.
- Ondo’s holder count climbed from about 80,000 to more than 177,000.
- Monthly transfer volume grew from approximately $1.97 billion to around $2.62 billion.
These numbers show that Ondo’s development extends beyond changes in ONDO price. Asset distribution, ownership, and transfer activity have all expanded during the period Sarosh examined.
4- $Ondo
— Sarosh (@SaroshQ2022) July 29, 2026
Tokenized-stock TVL increased by approximately 170% INSANE GROWTH! While crypto blown to kingdom come.
The number of available assets increased by more than 300%. CRAZY
Cumulative trading volume increased roughly tenfold. WHAT?!
That is not hypothetical growth. That…
Ondo Global Markets Has Recorded Rapid Asset and Trading Growth
Ondo Global Markets provides another important part of the $100 billion valuation discussion. Near the end of 2025, the platform reportedly held approximately $370 million in tokenized stock total value locked.
The platform offered slightly more than 100 tokenized stocks and exchange traded funds at that time. Cumulative trading volume stood near $2 billion.
Several months later, tokenized stock TVL had passed $1 billion. The available selection had expanded to more than 430 tokenized stocks and ETFs. Cumulative trading volume had also exceeded $20 billion.
Those changes represent rapid expansion across several areas:
- Tokenized stock TVL increased by approximately 170%.
- Available tokenized assets increased by more than 300%.
- Cumulative trading volume grew roughly 10 times.
Sarosh argues that these are recorded business results rather than forecasts about possible adoption. The figures strengthen the argument that Ondo is already developing infrastructure for tokenized financial markets.
The broader tokenized United States Treasury market has also expanded from around $10.93 billion to more than $16 billion. Continued growth across tokenized Treasuries, stocks, bonds, and funds could provide Ondo with a much larger market to serve.
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Institutional Connections Give Ondo a Wider Financial Reach
Ondo has developed relationships or infrastructure connections involving several major financial companies. Sarosh named BlackRock, Fidelity, Franklin Templeton, WisdomTree, State Street, Mastercard, Ripple, PayPal, Broadridge, SBI Group, Mirae Asset, J.P. Morgan’s Kinexys, and the Depository Trust and Clearing Corporation.
A list of major companies does not guarantee that ONDO price will rise. However, these connections provide evidence that Ondo is operating within a financial ecosystem that extends beyond smaller crypto applications.
Regulatory expansion could strengthen that reach further. Ondo has secured regulatory infrastructure within the United States and approval to expand tokenized stocks and ETFs across 30 European Economic Area countries. Those markets provide access to a potential population of more than 500 million.
Sarosh believes the market has not properly valued this combination of asset growth, financial connections, and regulatory access. His argument assumes Ondo could become one of the primary networks for issuing, trading, transferring, and settling tokenized assets.
A $100 Billion ONDO Valuation Would Require 50x Growth
ONDO currently has a circulating market capitalization of roughly $2 billion based on the figures Sarosh provided. Reaching a $100 billion market capitalization would represent a 50 times increase in market value.
The calculation itself remains simple: $100 billion divided by $2 billion equals 50.
Token price growth may not match that calculation perfectly because circulating supply could change. Future token releases would increase the number of ONDO tokens available, which could reduce the price increase required for the market capitalization to reach $100 billion.
A higher valuation would also depend on more than the amount of assets hosted through Ondo. Token utility, governance rights, fees, value accrual, circulating supply, and the structure of the wider ecosystem would all affect ONDO’s potential valuation.
Capturing 1% of the global stock and bond market would represent an enormous amount of assets moving through Ondo’s infrastructure. That asset value would not convert directly into the token’s market capitalization. Sarosh still believes a $100 billion valuation becomes mathematically possible if Ondo develops into a dominant financial network and ONDO captures meaningful value from that network.
$ONDO $100 BILLION MARKET CAP IS NOT A FANTASY (conclusion)
— Sarosh (@SaroshQ2022) July 29, 2026
So look guys, I don't throw stuff around casually. I don't make stupid lists or stupid predictions based on vibes. I don't pull stuff out the ether like those people on CNBC or social media or CT. Serious math goes into…
Crypto Markets Could Price Future Ondo Growth Earlier
Sarosh’s argument does not require Ondo to capture 1% of global securities before ONDO reaches a $100 billion valuation. Markets often price expected growth before the underlying business reaches its mature size.
Crypto history provides several extreme examples. Sarosh pointed to Dogecoin, which traded near or above a $100 billion valuation despite lacking Ondo’s institutional infrastructure, regulatory reach, and tokenized asset activity.
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That comparison does not mean ONDO will repeat Dogecoin’s price performance. It demonstrates that crypto valuations can expand far beyond conservative financial models when liquidity, retail participation, institutional demand, and optimism arrive together.
Tokenization could become a major crypto narrative before Ondo reaches its full potential. A stronger macroeconomic environment and deeper market liquidity could cause investors to value ONDO based on expected future dominance.
Severe declines and extended periods of weak price activity would remain possible along that path. ONDO price could also remain disconnected from Ondo’s operational progress for longer than supporters expect.
Sarosh has not presented the $100 billion figure as a dated forecast. His case shows why such a valuation may not be mathematically impossible if Ondo continues expanding and the token captures value from that expansion.
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