Journalist
Posted:
- ONDO dominated the RWA space while it places the highest transaction volume, better than other tokens.
- Binance continued to collect the tokens while the ONDO TVL exploded to the benefit again.
Ondo [ONDO] Casted as a clear leader in the Real World Asset (RWA) space, where transaction volumes are recorded that far surpasses its competitors.
The peak for ONDO in January 2025 reached around $ 500 million, a considerable peak compared to the nearest competitor, MKR, who booked the highest volume of slightly less than $ 50 million in the same period.
Other tokens such as Paxg, GFI and Daks showed much lower activity, which generally remained over $ 25 million everywhere.
Source: Intotheblock
ONDO’s total value locked (TVL) has increased, which indicates strong investor confidence and market dominance. This substantial volume difference emphasizes the superior market position of the currency and possibly greater use or acceptance within the sector.
For comparison: tokens such as Xaut, Buidl and BKN show minimal transaction activities, which hardly cross the threshold of $ 5 million.
This underlines the striking performance of ONGO in a relatively slow market environment. This data suggests that the coin not only leads, but also possibly extends its influence on the RWA market.
How does ONDO react to buying Binance?
The remarkable accumulation of Binance indicates potential dynamics that influences ONDO’s next step. Recent transactions reveal the strategic increase in Binance in its participations, including the acquisition of 36.03k ONDO for $ 44.32k.
This purchase pattern due to a large exchange usually means strong confidence in the future performance of the active, possibly stabilizing prices or initiating an upward trend.
At the time of the press, ONDO traded at $ 1.23 and floated above the level of $ 1.14, which coincides with the 200 EMA support level.
If maintained, this zone suggests a potential basis for upward movement. However, a break below this level can lead to falls.
Source: TradingView
Earlier resistance near $ 2.15, if tested again after a bullish reversal, could set new goals for ONDO around $ 2.00.
Conversely, it is not possible to maintain the current support level that will withdraw prices in the direction of the next important support under $ 1.00 due to potential sale.
Activities such as those of Binance often attract attention, possibly make it possible to make large -scale and retail investments that can increase demand and price evaluation.
On the other hand, if the market sentiment does not improve, an increased delivery pressure can lead to lower price levels. It is crucial to follow these developments closely.