Ondo (ONDO) has been gaining momentum in 2025. With more attention on tokenized real-world assets, ONDO is starting to get noticed as a serious project with long-term potential. Right now, it’s ranked #38 on the market cap list.
But what if ONDO climbed all the way into the top 10?
Let’s take a look at the math.
At the moment, ONDO’s market cap is about $2.4 billion. To break into the top 10, it would need to catch up to Cardano, which is currently in 10th place with a market cap of around $21 billion.
That means ONDO would need to nearly 9x its market cap to get there.
Now, let’s see what that would mean for ONDO price.
ONDO has a circulating supply of about 3.15 billion tokens. So if it were to reach a $21 billion market cap, the price per token would be:
$21,000,000,000 ÷ 3,150,000,000 = ~$6.67 per ONDO
At writing, ONDO price is at about $0.7644, which means it would need to rise roughly 8.7x to reach that $6.67 mark.
That’s a significant increase, but not unheard of in crypto and especially in a frenzied bull market. For ONDO to be among the top 10, it would need to jump significantly in usage, adoption, and investor appeal. That could come through its work in tokenizing U.S. Treasuries and building out real-world financial infrastructure on-chain.
Read Also: Here’s the ADA Price If Cardano Becomes a Top 5 Crypto
Of course, it won’t be easy. ONDO would have to outperform major players like Dogecoin, Toncoin, and Avalanche along the way. It would also need strong support from both institutions and retail investors to keep the momentum going.
The good news is that ONDO’s narrative fits the direction the market seems to be heading. Tokenized finance is heating up, and projects like ONDO are in a great position to benefit from that trend.
So, what would ONDO be worth if it made it into the top 10? Based on today’s numbers, the answer is around $6.67 per token.
It’s not guaranteed, but in crypto, nothing ever is. Still, if ONDO keeps building and the narrative stays strong, a top 10 run isn’t out of the question.
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