Ondo Finance has unveiled the Ondo Chain, a purpose-built Layer-1 blockchain designed to address the challenges faced by tokenized Real-World Assets (RWAs). The platform aims to overcome issues such as incompatibility with decentralized finance (DeFi) and inadequate network security, creating a secure and efficient solution for institutional-grade RWAs. This move comes at a time when the sector is experiencing bullish momentum, sparking optimism among investors.
1/ Today, we’re thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
— Ondo Finance (@OndoFinance) February 6, 2025
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon,… pic.twitter.com/a35GHB7OFW
According to recent analysis from AMBCrypto, the on-chain activity surrounding the ONDO token is showing encouraging signs. The number of whale addresses has been increasing, indicating a strong accumulation phase by larger investors, while retail investors appear to be selling off. This trend signals rising demand and growing network activity, painting a positive picture for the future of the Ondo Chain.
In addition to whale accumulation, daily active addresses have surged since January, reflecting a boost in user engagement. The number of new addresses created on the network each day is also on the rise, pointing to an expanding user base. Despite a plateau in transaction volume over the past few weeks, these other activity metrics suggest that the network is witnessing healthy growth.
Social sentiment surrounding ONDO has also been positive. Both Social Volume and Weighted Sentiment have shown upward trends since the beginning of the year, reflecting increasing interest in the project. While Open Interest has seen a slight dip recently, due to liquidations and market volatility, the overall outlook remains strong.
Despite facing some short-term challenges, ONDO bulls have successfully defended the $1.8 support level, maintaining relative strength compared to other mid-to-large cap altcoins. This stability, paired with the ongoing consolidation between $1.18 and $1.6, suggests that ONDO is well-positioned for an uptrend as the broader market stabilizes.
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With strong on-chain activity, positive sentiment, and the innovative launch of the Ondo Chain, ONDO appears poised for long-term growth in the RWA sector.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
