ONDO’s procuring and selling volume surged by over 300% in Would possibly perhaps presumably well well, signaling heightened on-chain inform and sustained market ardour, in step with data from IntoTheBlock.
ONDO’s transaction volume fluctuated with a on the final upward pattern, indicating a spike in procuring and selling volume and individual engagement.
The on-chain transaction volume of $ONDO is up over 300% since Would possibly perhaps presumably well well, indicating valuable on-chain inform. pic.twitter.com/szxl6lfdkc
— IntoTheBlock (@intotheblock) June 13, 2024
ONDO persistently maintained the most sensible seemingly transaction volume at some stage within the length, compared to cryptocurrencies love Maker, Pax Gold, Maple, and Goldfinch, which had severely lower and more true volumes.
Key observations comprise ONDO’s excessive volatility, with sudden spikes and drops suggesting periods of intense procuring and selling inform, seemingly pushed by market events or info. As an illustration, ONDO surged virtually 20% following the approval of Ethereum affirm ETFs, pushing it to an all-time excessive of $1.16. On Would possibly perhaps presumably well well 9, the token elevated from $0.7812 to $0.8092 after saying a partnership with the decentralized infrastructure network, Zebec.
Despite this volatility, the relatively excessive transaction volume in Would possibly perhaps presumably well well 2024 indicates sustained ardour from traders and traders. When put next with the opposite listed cryptocurrencies, ONDO’s market dominance suggests it as a most smartly-preferred procuring and selling asset.
Within the meantime, Ondo Finance, a yield coin solutions supplier, is constructing future financial choices. The network’s native stablecoin, USDY, has integrated with Mantle to give a take hang of to capital mobility effectivity within the market. An initial present exceeding $1 million USDY will beef up liquidity solutions.
✨ @OndoFinance , the market-leading yieldcoin supplier, who’re building the next abilities of financial infrastructure.
We’re thrilled to combine Ondo’s $USDY on @0xMantle , with over $1M $USDY already equipped to our liquidity solution that enables efficient capital… pic.twitter.com/jrEhLavqbS
— Native (@native_fi) June 13, 2024
Nonetheless, USDY tokens are currently unavailable to U.S. traders attributable to ongoing registration beneath the U.S. Securities Act. As of press time, ONDO become procuring and selling at $1.31, reflecting a 4.03% intraday dip. Month-to-date, the token has had 16 green days, closing with green candlesticks.
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