Bittime -Recently investors have pushed the ONDO token of Ondo Finance's Real World Assets (RWA) protocol to the highest peak ever achieved in its history.
Quoted from DL News, ONDO's value soared by 140% in the last week (as of writing) and reached an all-time high of $0.97.
At current prices, Ondo Finance's full market value exceeds $9 billion after adjusting for diluted value.
ONDO Value Surge Process
ONDO's price increase comes days after asset manager BlackRock proposed to the US Securities and Exchange Commission the creation of a BlackRock USD Institutional Digital Liquidity Fund, in collaboration with asset tokenization company Securitize.
With the presence of Securitize, these funds are linked to RWA tokenization, such as the product offered by Ondo.
Check Today's Crypto Market
What Do Analysts Say?
According to Bernstein analysts, the fund represents a further development in financial markets, similar to the wave of ETFs of the last two decades.
Impact of Increase in ONDO Value: Interest Rate Offering
Ondo Finance (ONDO) earns revenue by providing DeFi users with the opportunity to invest in the US Treasury version of the token.
If interest rates are lowered, the yields on Ondo products linked to US Treasuries will decrease and reduce their attractiveness for investors.
Chief operating officer at Ondo Finance, Justin Schmidt said it may have an impact on Ondo's growth.
"Lower interest rates may have an impact on Ondo's growth, but the impact will be the biggest," he said.
How to Buy Crypto
ONDO High Interest Rates to DeFi
Ondo's popularity shot up after the Fed increased interest rates to 5.25% to the highest level in more than 20 years.
DeFi users turned to Ondo to take advantage of the high yields offered on US Treasuries, pushing the TVL (Total Value) Stored by users on the protocol to exceed $200 million.
Also read: 5 GameFi Coins that Look Great Based on Market Capitalization, Check Here!
Ondo Finance (ONDO) IDR Price Today
Source: Bittime
Based on the Bittime market today, Wednesday 27 March 2024, the price of ONDO/IDR was observed to have decreased by 6.44% in the last 24 hours. Currently the ONDO to IDR price is IDR 14,051.
Check Crypto Prices Today:
Conclusion
Ondo Finance (ONDO) is a blockchain-based financial protocol focused on institutional-grade financial products and services.
How to Buy Ondo Finance (ONDO) on Bittime
You can buy and sell Ondo Finance (ONDO) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ondo Finance (ONDO) is available on Bittime with the ONDO/IDR market pair . To be able to buy ONDO IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ondo Finance (ONDO) on Bittime .
Monitor the price chart movements of Ondo Finance (ONDO), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Watch Out for Trap! Bitcoin (BTC) Could Plunge to $42,000 Post Halving, Says JPMorgan
Ded Memecoin: Community Upset Over Airdrop Allocation Reduction
Ghozali Epic Comeback When Memecoin Phenomenon Rises, Earns $1.8 Million?
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.