ONDO Hits Record TVL With Ripple Backing—Will This Trigger a Price Breakout?
The post ONDO Hits Record TVL With Ripple Backing—Will This Trigger a Price Breakout? appeared on BitcoinEthereumNews.com. The partnership enables seamless access to tokenized U.S. Treasuries via the RLUSD stablecoin, strengthening Ondo’s position in the Real World Asset (RWA) industry. Despite robust TVL growth, Ondo Finance’s annualized protocol fees stand at $54.24 million, with $11.69 million in revenue generated so far, raising concerns about the platform’s revenue model. Ondo Finance, an emerging giant in the Real World Asset (RWA) industry, has hit another milestone in its development path, surpassing its all-time high Total Value Locked (TVL). This pump has been after its recent partnership with Ripple, which saw Ondo’s offerings integrated with the XRP Ledger (XRPL) and the ability to access them easily via the RLUSD stablecoin. Ondo TVL Surges Amid Ripple Partnership The collaboration is an important step in institutional decentralized finance infrastructure. By connecting tokenized U.S. Treasuries with XRPL, Ondo Finance now provides uninterrupted access and redemption through RLUSD. It shows a major effort to link traditional financial instruments with decentralized finance rails. As per data by DeFiLlama, Ondo TVL has now topped $1.36 billion, representing an improvement of more than $20 million since the last milestone. This growth depicts a robust access of funds into the platform and also cements its status as a major force in the DeFi assets sector. The current market capitalization of the ONDO token is about $2.69 billion, and its daily volume stood at $172.05 million. Source: DeFiLlama Although the platform experiences solid asset growth, its revenue-generating capacity is average. Ondo is said to have annualized protocol fees of $54.24 million, and the platform has generated $11.69 million in revenue. Such numbers indicate a continuous growth, but also reveal a gap between locked capital and direct returns to token holders. It may be an element of concern that will define the sentiment of users in the future. What’s Next…
The post ONDO Hits Record TVL With Ripple Backing—Will This Trigger a Price Breakout? appeared on BitcoinEthereumNews.com.
The partnership enables seamless access to tokenized U.S. Treasuries via the RLUSD stablecoin, strengthening Ondo’s position in the Real World Asset (RWA) industry. Despite robust TVL growth, Ondo Finance’s annualized protocol fees stand at $54.24 million, with $11.69 million in revenue generated so far, raising concerns about the platform’s revenue model. Ondo Finance, an emerging giant in the Real World Asset (RWA) industry, has hit another milestone in its development path, surpassing its all-time high Total Value Locked (TVL). This pump has been after its recent partnership with Ripple, which saw Ondo’s offerings integrated with the XRP Ledger (XRPL) and the ability to access them easily via the RLUSD stablecoin. Ondo TVL Surges Amid Ripple Partnership The collaboration is an important step in institutional decentralized finance infrastructure. By connecting tokenized U.S. Treasuries with XRPL, Ondo Finance now provides uninterrupted access and redemption through RLUSD. It shows a major effort to link traditional financial instruments with decentralized finance rails. As per data by DeFiLlama, Ondo TVL has now topped $1.36 billion, representing an improvement of more than $20 million since the last milestone. This growth depicts a robust access of funds into the platform and also cements its status as a major force in the DeFi assets sector. The current market capitalization of the ONDO token is about $2.69 billion, and its daily volume stood at $172.05 million. Source: DeFiLlama Although the platform experiences solid asset growth, its revenue-generating capacity is average. Ondo is said to have annualized protocol fees of $54.24 million, and the platform has generated $11.69 million in revenue. Such numbers indicate a continuous growth, but also reveal a gap between locked capital and direct returns to token holders. It may be an element of concern that will define the sentiment of users in the future. What’s Next…
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