Ondo News & Analysis

Ondo Perps Reaches $7 Billion in Volume Just Weeks After Launch

Ondo Finance's derivatives platform, Ondo Perps, has surpassed $7 billion in cumulative trading volume, reaching approximately $7.03 billion according to DefiLlama. In the past 24 hours, around $200 million was traded, and the platform holds roughly $69 million in open interest. Since its public launch, Ondo reports over $5 billion has been traded, marking it as the fastest start for any real-world-asset perpetuals platform. This rapid growth may attract more traders interested in derivative trading options, potentially impacting market dynamics.