ONDO Network Hits $2B TVL Milestone as RWA Tokenization Gains Momentum
ONDO Network has surpassed the $2 billion Total Value Locked (TVL) threshold, highlighting increasing institutional interest in blockchain infrastructure. This achievement aligns with the accelerating trend of real-world asset (RWA) tokenization, a sector that bridges traditional finance with decentralized networks.
Technical analysis indicates Ondo may be positioned for a breakout after completing its consolidation phase. The token is testing the upper boundary of its descending channel, with traders monitoring key resistance levels at $0.44, $0.54, $0.68, $0.86, $1.14, and ultimately $1.50.
Market observers note the project's fundamentals appear robust as capital flows toward platforms enabling tangible financial applications. 'The compression at resistance levels signals potential upward momentum,' says analyst Jonathan Carter, suggesting the token could be entering a new bullish cycle.
