A side road outside Wall Street has been lit up again today by $ONDO .
The market's tight: spot price around $0.383, with a 24-hour range from $0.363 to $0.392; aggregated data shows a market cap of about $1.86 billion and a 24-hour trading volume of approximately $183 million. The gains aren't outrageous, but the turnover is starting to heat up.
The key lies in the latter half: perpetual stocks, tokenized government bonds, and offshore user gateways are being discussed repeatedly by the same group of funds. The short-term price action is just there to catch the eye; whether it can solidify into the RWA mainline depends on whether trading depth and the scale of real assets can continue to align.
The market's tight: spot price around $0.383, with a 24-hour range from $0.363 to $0.392; aggregated data shows a market cap of about $1.86 billion and a 24-hour trading volume of approximately $183 million. The gains aren't outrageous, but the turnover is starting to heat up.
The key lies in the latter half: perpetual stocks, tokenized government bonds, and offshore user gateways are being discussed repeatedly by the same group of funds. The short-term price action is just there to catch the eye; whether it can solidify into the RWA mainline depends on whether trading depth and the scale of real assets can continue to align.