|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Ondo Finance Dominates US RWA Market, Captures Nearly Half of All Interest, Data Shows
Sep 20, 2024 at 07:09 pm
In 2024, Ondo Finance emerged as the leading Real World Assets (RWA) protocol among US crypto investors, according to data from CoinGecko.
Crypto investors in the United States are showing massive interest in Real World Assets (RWA) protocols, with Ondo Finance emerging as the clear leader in this sector.
According to data from CoinGecko, Ondo Finance captured nearly half of all RWA interest in the US throughout 2024. This highlights the significant influence that the protocol has managed to attain within a short period, especially considering the narrative around RWAs only recently gained steam in 2024.
The interest from US investors in RWAs is also noteworthy, with the country accounting for 14.8% of the global interest in this narrative. This showcases the importance of the US market for various crypto narratives.
Investors’ interest in Ondo Finance is further highlighted by the protocol’s Total Value Locked (TVL), which recently hit an all-time high. This indicates strong adoption of Ondo’s offerings by investors, despite the price of the native token, $ONDO, lagging behind.
Currently, $ONDO is trading at a price that is 57% lower than its all-time high, even as the protocol’s TVL has grown massively. The token has broken through key price levels and is now retesting an important trend, which could indicate that a price rebound may be coming soon.
Investors are optimistic that the strong fundamentals of $ONDO will eventually drive its price higher, as TVL growth is often a leading indicator of future price movements. As Ondo Finance continues to dominate the RWA sector, the market could see renewed interest in the token, which may lead to a recovery in its price.
With its strong foundation and increasing user adoption, Ondo Finance is well-positioned to maintain its RWA narrative dominance, and the price of $ONDO could soon follow the upward trajectory of its TVL.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- GoodEgg (GEGG): An AI-Driven "Play-to-Date" Cryptocurrency Contender to Artificial Superintelligence Alliance (FET)
- Sep 20, 2024 at 10:25 pm
- As the world of crypto AI continues to gain momentum, GoodEgg (GEGG), an AI-driven “play-to-date” cryptocurrency, is emerging as a contender
-
- Bitcoin (BTC) vs Binance Coin (BNB) vs FXGuys ($FXG) – Which Is the Best Cryptocurrency to Buy in 2024?
- Sep 20, 2024 at 10:25 pm
- Bitcoin's (BTC) recent rise has sparked renewed interest in the crypto industry, although the overall mood remains cautious. This prevailing sense of uncertainty has resulted in a search for the best cryptocurrency to buy in 2024.
-
- Bitgert (BRISE): A Promising Contender for the Next Crypto Bull Run
- Sep 20, 2024 at 10:25 pm
- As the crypto community excitedly waits for the next bull run, Bitgert is one of the top contenders for crypto investors. This comprehensive blockchain project has silently built a solid ecosystem that is ready to take the stage with explosive growth.
-
- Bitcoin Tests $64K as BoJ Pauses Rate Hikes
- Sep 20, 2024 at 10:25 pm
- This article originally appeared in First Mover, CoinDesk's daily newsletter, putting the latest moves in crypto markets in context.
-
- Which Is The Best Cryptocurrency To Buy Now?
- Sep 20, 2024 at 10:25 pm
- Many of you might wonder how crypto experts distinguish between a promising project and a fleeting trend. The market’s volatility can be daunting
-
- Swindon shoppers have the chance to win a share of half a million pounds for a local school or children's group for one hour only this weekend.
- Sep 20, 2024 at 10:25 pm
- Between 12pm and 1pm on Saturday, September 21, shoppers at the Tesco Express store in Freshbrook Village Centre can take a lucky dip to find a gold version of Tesco's blue voting token.
-
- Sun Token (SUN) Price Prediction 2024: Can SUN Reach $1 This Year?
- Sep 20, 2024 at 10:25 pm
- The Sun Token price surged 6% in the last 24 hours to trade at $0.02588 as of 3.30 a.m. EST on trading volume that climbed 4% to $57.5 million.
-
- The Meme Coin Market Heats Up: SHIB, POPCAT, and WIF Show Strong Movement
- Sep 20, 2024 at 10:25 pm
- The meme coin market is heating up, with Shiba Inu (SHIB), Popcat (POPCAT), and Dogwifhat (WIF) showing strong movement.
-
- Societe Generale-FORGE Plans to Expand Its EURCV Stablecoin to the Solana Blockchain
- Sep 20, 2024 at 10:25 pm
- So far the MiCAR complaint coin has been issued on the Ethereum blockchain. The second iteration of EURCV hasn’t seen a huge take up with a market capitalization of €33 million.