ONDO token surges as TVL hits $1.5 billion
In recent days, the ONDO token has been in the spotlight due to a sharp increase in key metrics and an inflow of new capital.
According to the analytics resource DefiLlama, as of September 12, 2025, the total value locked (TVL) in the Ondo Finance protocol reached $1.565 billion. This is almost three times higher than the level at the beginning of the year, when the TVL was below $611 million.
ONDO's TVL demonstrates convincing growth. Source: DefiLlama
This jump in TVL is driven by sustained interest in the real-world asset tokenization (RWA) sector and new product launches, including Ondo Global Markets, which attracted over $160 million in additional capital in just nine days. The price of ONDO hovers around $1.09, and its market capitalization exceeds $3.46 billion.
The factors supporting the token’s price are not only the positive news but also the protocol's own revenue growth. According to DefiLlama, the project generated more than $54.7 million in annual fees, with $4.49 million collected in the last 30 days alone.
ONDO token price as of September 12, 2025. Source: Coinmarketcap
The network distribution of TVL remains stable. The Ethereum still accounts for the largest share ($1.218 billion), followed by Solana ($248 million) and several other ecosystems with smaller allocations.
From a technical perspective, ONDO is forming a bullish trend as higher lows and relatively low volatility are combined with convincing trading volumes. However, the rapid growth in capitalization is also accompanied by risks. Short-term corrections may occur due to profit-taking or negative regulatory news, especially in the RWA sector.
The further movement of ONDO will likely depend on broad macroeconomic factors, including changes in interest rates, regulatory policies, and the inflow of institutional players.
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