What is Ondo (ONDO)?
Ondo (ONDO) is a cryptocurrency token built on the Ethereum platform, launched in 2021. It functions within the decentralized finance (DeFi) ecosystem, focusing on real-world asset tokenization and providing innovative financial solutions. The project aims to bridge traditional finance with blockchain technology through secure and transparent protocols.
Ondo Price Performance Today
As of the latest data, Ondo (ONDO) is trading at $0.7526 USD**, reflecting a slight decrease of **-0.46%** over the past 24 hours. The token opened today's trading session at $0.7410 and has since fluctuated, reaching a high of $0.7548 before experiencing some pullback. Currently, the price sits approximately 1.56% above its opening value**.
Key Market Metrics
- 24-Hour Trading Volume: $67,343,120
- 24-Hour Price Range: $0.7349 - $0.7607
- Market Cap Rank: #40
- Circulating Supply: 3,159,107,529 ONDO
- Market Capitalization: $2,377,523,875
Historical Price Context
Understanding Ondo's price history provides crucial context for its current valuation.
- All-Time High (ATH): $2.05. The current price is down approximately -63.24% from this peak.
- 52-Week Range: Over the past year, ONDO has traded between a low of $0.5084** and a high of **$2.14.
- Recent Performance: From its highest point in the last 30 days, the token's value has declined by roughly -18.16%. Conversely, it has climbed 20.25% from the lowest point recorded in that same period.
Technical Analysis and Indicators
Technical indicators offer insights into potential market sentiment and future price movements for ONDO.
Popular Oscillators
- RSI (14): 47.38 (Neutral)
- Commodity Channel Index (20): -16.45 (Neutral)
- Ultimate Oscillator: 48.93 (Neutral)
Moving Averages
Most simple moving averages (SMA) and exponential moving averages (EMA) across various timeframes (10-day to 200-day) are currently indicating a "Sell" signal for ONDO. This suggests the short-to-medium-term trend may still be facing downward pressure, despite recent intraday gains.
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Ondo Market Data and Comparison
Trading Volume Comparison
Ondo's trading volume stands out among its peers. Compared to the average trading volume of $285,446 for other 3,643 cryptocurrencies launched in the same year (2021), ONDO's 24-hour volume of over $67 million is significantly higher. This indicates a substantially greater level of market activity and investor interest.
Market Capitalization and Fully Diluted Valuation (FDV)
Market cap is calculated using the current price multiplied by the circulating supply. Fully Diluted Valuation (FDV) represents the theoretical market cap if the entire maximum supply of tokens were in circulation at the current price. These metrics are essential for understanding the project's relative size and potential scale.
Wealth Distribution Analysis
The distribution of ONDO tokens among holders can provide insights into the network's decentralization and potential price stability.
| Holdings Rank | Number of Tokens | Percentage of Supply |
|---|---|---|
| 1 - 10 | 7,456,113,609 | 74.56% |
| 11 - 100 | 1,517,785,554 | 15.18% |
| 101 - 1000 | 764,217,080 | 7.64% |
| All Others | 261,883,757 | 2.62% |
This data shows that a significant portion (74.56%) of the circulating supply is held by the top 10 addresses. It's important to note that some of these addresses likely belong to centralized exchange hot wallets, which hold funds for many users.
Blockchain Statistics and Activity
On-chain metrics help gauge the fundamental health and usage of the network.
- 24-Hour Transactions: 1,812
- Average Transactions Per Hour: 75.50
- Top 100 Holders: Control 8.98 billion ONDO (approx. 90% of total supply)
Frequently Asked Questions (FAQ)
What is the current market cap of Ondo (ONDO)?
Ondo's current market capitalization is approximately $2.38 billion, which ranks it within the top 50 cryptocurrencies globally. This valuation is a product of its current token price and the number of coins in circulation.
Where can I buy and trade ONDO tokens?
ONDO is currently traded on over 47 different cryptocurrency exchanges worldwide. These include both centralized and decentralized platforms that offer various trading pairs, such as ONDO/USDT and ONDO/BTC.
When was the Ondo token launched?
The Ondo token smart contract was initiated on the Ethereum platform on March 9, 2021. It operates as an ERC-20 token, leveraging the security and widespread infrastructure of the Ethereum blockchain.
What is the all-time low and high for ONDO?
Based on available data, the lowest price ever recorded for ONDO was $0.173. Conversely, the highest price it has achieved, its all-time high, was $2.05. Both of these milestones occurred in 2024, highlighting a year of significant volatility.
What is the total and circulating supply of ONDO?
The circulating supply, which is the number of coins publicly available and trading, is currently 3.16 billion ONDO. The total supply refers to the number of coins that currently exist, minus any that may have been burned.
How does Ondo compare to similar cryptocurrencies?
Ondo operates in the real-world asset (RWA) tokenization sector of DeFi. Its performance and volume are often compared to other assets in this emerging niche, and it frequently demonstrates above-average trading activity and market interest. To explore more strategies for evaluating such projects, you can 👉 get advanced methods.