ONDO Finance Achieves Record TVL but Faces Price Challenges
ONDO Finance recently achieved a landmark milestone as its Total Value Locked (TVL) reached an all-time high of $1.93 billion. This achievement stemmed from the company’s announcement to launch tokenized U.S. stocks and ETFs on Solana in early 2026. While the news boosted TVL, the ONDO token price has shown mixed performance, leaving many market participants questioning the underlying dynamics.
Expansion Beyond Ethereum and BNB Chain
With the announcement on December 15th, ONDO Finance extended its Global Markets platform beyond Ethereum and BNB Chain, utilizing Solana as its next settlement layer. This move highlights Ondo’s commitment to innovation and to pushing the boundaries of decentralized finance (DeFi). However, the market response was cautious, with ONDO token prices and Solana experiencing pullbacks shortly after the announcement.
Price Performance: Bearish Momentum Prevails
Despite TVL climbing to unprecedented levels, ONDO’s price struggled, dropping below the $0.40 support level and briefly touching $0.36 in subsequent sessions. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) paint a bearish picture:
- RSI: Hovering near 34, signaling persistent bearish momentum without confirmation of a reversal.
- MACD: Remaining below the zero line, indicating continued downside pressure.
Local resistance stands at $0.50, while worst-case scenarios point toward a downside risk to $0.25. The disconnect between price action and fundamentals has left the market divided.
Solana’s Reaction to Ondo’s Announcement
Solana also faced price turbulence amid the announcement. SOL briefly dipped below $122 to approximately $117 before recovering back into the $122–$145 range. However, the platform recorded a significant daily ETF inflow of $35.20 million during the same session, signaling accumulation despite heightened volatility.
Technical indicators for Solana appeared more stabilizing with its RSI at 52 and MACD largely neutral. Investors remain cautious, awaiting clearer signals of upward momentum for Solana and ONDO.
What This Means for DeFi Investors
The contrast between ONDO’s record TVL and its modest price performance reflects an accumulation phase. Investors appear to be waiting for stronger confirmation of momentum before committing further. ONDO remains under pressure to prove that its expanding ecosystem can translate into sustained price growth.
For those interested in tracking ONDO’s progress and benefiting from tokenized finance trends, consider exploring secure hardware wallets like the Trezor Model T to safeguard your digital assets effectively.
