As an analyst, I’m excited to share that I’m closely monitoring Ondo Finance, the innovative real-world asset tokenization platform. They’re currently gearing up for the significant release of their governance token, a move that promises to bring about noteworthy changes in the platform’s governance structure.
As reported by Tokenomist, Ondo Finance (ONDO) plans to release over 1.9 billion previously restricted ONDO tokens on January 17, 2025, at 7 PM Eastern Standard Time. This release, equating to a significant increase of 134%, is projected to have a total worth of approximately $2.44 billion.
Tokenomist, formerly known as TokenUnlocks, has announced that the forthcoming ONDO release will be segmented into three major distributions.
About 792 million ONDO, which makes up about 40%, is set aside for nurturing the ecosystem, and approximately 825 million ONDO, or 42%, is designated for advancements in the protocol. The rest of the tokens are intended for private sale offerings.
Large-scale token releases typically lead to a pessimistic response from the market, potentially causing the ONDO price to fall.
The digital currency called ONDO was trading approximately at $1.25 today, experiencing a minor decrease. This is because the protocol for this altcoin was getting closer to a significant increase in its supply. Interestingly, though, the price of ONDO has risen in tandem with the overall market over the last year since its latest token release. As a result, the value of this cryptocurrency has skyrocketed by an impressive 673% during that period, starting from lows of $0.26.
The ONDO altcoin currently trades at around $1.25 due to the upcoming supply influx in its protocol. However, the price of this digital currency has gone up alongside the broader market over the past year following its last token sale. This surge in value has been substantial, with a 673% increase from its initial low of $0.26.
In addition, Ondo Finance has seen impressive growth in the Real-World Assets (RWA) market. Notably, its Ondo U.S. Dollar Yield and Ondo Short-Term Government Bond Fund, which are part of tokenized treasury assets, have contributed to a surge in the market. This surge has pushed the total value of these assets to over 100% increase in the past year, reaching an impressive $4 billion.
As reported by DeFiLlama, the amount of value locked within Ondo Finance saw a significant increase from approximately $192 million in January 2024, peaking at an impressive $650 million in October. At the time this text was created, the Total Value Locked (TVL) had reached $543 million.
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2025-01-17 22:56