TradeCityPro | Deep Search: In-Depth Of ONDO👋 Welcome to TradeCity Pro!
In this analysis, I want to fully review the ONDO project for you. First, I’ll go over the project’s information, and then we'll move on to its technical analysis.
🔹Introduction to Ondo Finance (ONDO)
Ondo Finance is an open and decentralized investment bank designed to bridge the gap between traditional finance and decentralized finance (DeFi). Founded in 2022 and based in the Cayman Islands, Ondo's mission is to democratize access to institutional-grade financial services. Its ecosystem is built to serve a wide range of stakeholders including DAOs, institutional players, and retail investors. Ondo's key innovation lies in tokenizing real-world assets, thereby making them accessible to a broader audience via blockchain technology.
🔹ONDO Token and Governance
The ONDO token plays a central role in the governance of the Ondo decentralized autonomous organization (DAO). Token holders have specific rights within the DAO, particularly over the governance of Flux Finance, which is one of the main platforms in the Ondo ecosystem. ONDO holders are empowered to propose and vote on changes, allocate funds for projects, and influence the platform’s direction, ensuring community-driven governance. The ONDO token sale occurred in mid-2022 and was purchased by over 18,000 individuals.
🔹Technology and Infrastructure
Ondo leverages blockchain technology to offer decentralized financial services. It operates on a secure and transparent distributed ledger system, which ensures that transactions are immutable and resistant to tampering. The platform uses Proof-of-Stake (PoS) as its consensus mechanism to validate transactions, offering both security and energy efficiency. Ondo is also integrated with various DeFi protocols and utilizes techniques from traditional finance to repackage DeFi exposures into institutional-grade risk-return profiles. Strategic partnerships with firms like BlackRock, Morgan Stanley, and Coinbase enhance its interoperability and credibility.
🔹Real-World Use Cases
Ondo's primary application is in the tokenization of real-world assets such as real estate or treasuries. This allows users to invest in fractionalized assets, lowering the barrier to entry for institutional-quality financial products. The platform is used for intellectual property management through blockchain-based records, enabling secure and transparent tracking. Ondo also engages in community events and educational initiatives to raise awareness about blockchain technology. Furthermore, it offers technical and business development services such as smart contract deployment and treasury management to startups and institutions.
🔹Key Developments and Milestones
In 2022, the Ondo DAO was officially launched, providing a decentralized governance framework. Following that, the foundation introduced Flux Finance, a major protocol under Ondo DAO governance. The Ondo Foundation has formed several partnerships to expand its ecosystem and drive innovation. One of the important initiatives includes Ondo USDY LLC, which issues the USDY stablecoin. Ondo has also focused on education, contract deployment, and treasury management, solidifying its operational backbone and long-term strategic vision.
🔹Team and Founders
Ondo Finance was founded by Nathan Allman and a team of former Goldman Sachs digital asset professionals. Nathan Allman brings a strong background in engineering and financial operations, serving as a key driver of the project’s vision. The founding team’s experience in traditional finance has been instrumental in shaping Ondo’s hybrid model, which integrates DeFi tools with institutional-grade strategies.
🔹Fundraising and Token Sale
Ondo Finance has conducted multiple fundraising rounds. An initial coin offering (ICO) took place on CoinList on May 12, 2022, raising $22 million. The token was priced at $0.055, with a minimum purchase of $100 and a maximum of $20,000. Another funding round was the IEO on Gate.io Startup, conducted from January 17 to January 18, 2024, which raised $40,000.
In total, Ondo has raised $46.04 million, including $22.04 million from public sales and $24 million from private and institutional funding rounds.
🔹Tokenomics
The ONDO token has a maximum supply of 10 billion tokens. Distribution is divided as follows: 52.1 percent for ecosystem growth, 33 percent for protocol development, 12.9 percent for private sales, and 2 percent for community access sales. As of now, 33.9 percent of the total supply is unlocked, with another 19.4 percent scheduled for future unlocks. Approximately 46.7 percent remains locked.
🔹Vesting Schedule
The vesting of ONDO tokens is structured into distinct categories. Ecosystem growth tokens are released linearly over five years, with 24 percent unlocked as of January 2024 and 39.2 percent expected to unlock gradually. Protocol development tokens have a one-year cliff, followed by a three-year linear unlock, with 25 percent becoming available in April 2025. Private sales follow the same schedule as protocol development, while community access sales were 90 percent unlocked from the beginning with full linear unlock over one year.
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Certik: 87.50✅
🔹Top Ondo Wallets
Trust Wallet
imToken
MetaMask
Torus
Coinbase
TokenPocket
iToken Wallet
Binance web3 wallet
🔹Liquidity Pools
Uniswap
Balancer
🔹Top Holders
0x677fd4ed8ae623f2f625deb2d64f2070e46ca1a1
0x460ae5a6666fcb9635ba99b541b31279e59665370x
524083970c7a1e62fbaa61d38781f87a4f191fd0
0xa63eace47618b9677261b09b32e3ca2b5c0a0182
0xd2e6e930e25456ffcd4df0124563cc334f3284f4
🔹Significant TVL Growth in Ondo Despite Sharp Liquidity Decline
Since mid-January 2025, the total value locked (TVL) in Ondo has increased from 157,000 ETH to 631,000 ETH, reflecting significant growth in its TVL. However, in terms of liquidity, Ondo has experienced a sharp decline since late March, with a drop of nearly 50% compared to the previous month.
🔹On-Chain Analysis of ONDO
Looking at ONDO’s on-chain data, the $0.833 level stands out as a key support zone based on the concentration of tokens currently in profit. On the flip side, the $0.856 area acts as a resistance level, with approximately 124 million ONDO tokens currently held at a loss. However, the volume of tokens in profit remains higher overall, which can be interpreted positively — these zones represent value and may attract increased demand.
From a network activity perspective, there has been a noticeable decline, particularly in the number of new addresses being created.
Analyzing supply and demand, approximately 75% of ONDO tokens are held by whales, indicating strong whale dominance. Address-level data shows that wallets holding between 10 and 100 million tokens have shown minor demand, while older holders are contributing meaningful inflows. Additionally, wallets identified as "investor" addresses have also demonstrated renewed buying interest.
👀 Now that we’ve reviewed the project's details, let’s dive into ONDO’s technical analysis.
📅 Weekly Timeframe
In the weekly timeframe, as you can see, there aren't many candles yet, so we can’t perform a complete analysis on this timeframe.
✔️ However, you can observe that after the project launched in January 2024, there was an upward movement up to the 1.3927 area, followed by a correction down to 0.5871.
💥 After this correction, the next bullish leg continued up to the 2.0565 area.
📈 During this bullish cycle, there’s also an ascending trendline that the price has reacted to multiple times, and now it has touched it again.
⚡️ The main support on this timeframe is at 0.5871, and the main resistance is at 2.0565. So, if you already hold ONDO and are considering setting a stop-loss, breaking 0.5871 could be a good point to activate it.
🔽 This level can also be used as a trigger for a short position. Breaking 0.5871 could create a downtrend in ONDO.
🛒 For spot buying, the main trigger is breaking 2.0565, and if this level is broken, the price could register a new ATH.
📅 Daily Timeframe
In the daily timeframe, as you can see, the price has been supported by the trendline and has shown a very quick reaction, with bullish momentum pushing it above the 0.9253 resistance.
📊 Currently, the price has reached the SMA99 and reacted to it. The volume of the candles reacting to the SMA99 has increased, and if the price stabilizes above the SMA99, the main bullish leg could begin.
💫 The next resistance the price faces is at 1.1933, and if the SMA99 is broken, I believe the price can easily rise to this level.
☘️ Moreover, if this level is also broken, the price could climb up to 2.0565.
📉 For ONDO to turn bearish on this timeframe, the first trigger would be a fake breakout above 0.9253.The main bearish trigger would be breaking both the trendline and the 0.7122 level.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
