Ondo Finance TVL surpasses $2 billion, driven by its tokenized US Treasury fund
According to ChainCatcher, citing TheDefiant, data from DefiLlama shows that the total value locked (TVL) of the tokenization platform and DeFi protocol Ondo Finance surpassed 2 billions USD this week, reaching a new all-time high. This figure is more than double the TVL from early March last year.
Among them, Ethereum is the main network for Ondo's tokenized assets, with on-chain assets totaling approximately 1.5 billions USD; Solana follows closely with a total value of about 248 millions USD, while BNB Smart Chain has a total value of around 123 millions USD.
The report states that as TVL expands, Ondo Finance's flagship product OUSG (a fund holding tokenized short-term US Treasuries) has also grown. According to RWAxyz data, it currently holds over 820 millions USD in US Treasuries.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Joby Launches Florida Air Taxi Flights Under US-Backed Pilot Program
Uber Tests Blockchain System to Earn Weekend Returns on Idle Corporate Cash
Silver Price Forecast: XAG/USD slumps nearly 60% from January peak as as downturn deepens
AIBotics Converts Debt Owed to CEO and Director Into Equity
Crypto prices
More
