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ONDO — Ondo
Brings real securities such as short-dated government bonds onto the blockchain so that they can be traded around the clock.
What it is for
- Set out to
- tokenized US Treasury products on the chain.
- Today in addition
- The yield token USDY, more than 400 tokenized equities and ETFs, the Nexus infrastructure.
- Notable
- ONDO is a voting token, not a share in those products.
- Strength
- Products with a high amount of assets under management.
- Weakness
- not available to US persons.
Contract address
Chain: Ethereum
0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Score
39of 93
Market capitalization
$1.76Bas stored
against Bitcoin, 90 days
-9.2%‡not against the dollar
CoinMarketCap
#21159numeric identifier
Where the price stands today between its two endpoints — logarithmic, because orders of magnitude lie in between.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | did not yet exist |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.2069485.92 satFebruary 4, 2024 | $2.041,952 satDecember 15, 2024 | in dollars +$1.83 (+885.4%)against Bitcoin +301.6%from $0.2069 on February 4, 2024 to $2.04 on December 15, 2024 | in dollars -$1.37 (-67.0%)against Bitcoin -65.8%from $2.04 on December 15, 2024 to $0.6732 on June 22, 2025 |
Only partly measured: reliable trading only from January 22, 2024. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2024: in dollars +454.0% (from $0.2423 to $1.34) · against Bitcoin +134.6% |
| 2025: in dollars -34.1% (from $1.46 to $0.9624) · against Bitcoin -50.1% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.3080526.21 satJune 30, 2026 | $0.4156642.10 satJuly 30, 2026 | in dollars +$0.1076 (+34.9%)against Bitcoin +22.0%from $0.3080 on June 30, 2026 to $0.4156 on July 30, 2026 | in dollars -$0.0923 (-22.2%)against Bitcoin -20.1%from $0.4156 on July 30, 2026 to $0.3232 on August 15, 2026 |
| Year by year |
| 2026: in dollars +20.8% (from $0.3080 to $0.3721) · against Bitcoin -7.4% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The four questions that are always answered
Net supply and issuance pressure2 of 20
Starting valuation and size leverage6 of 14
Survivability3 of 12
Relative strength against Bitcoin2 of 6
the score is calculated from all twelve criteria. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of August 28, 2026.
The figures in detail
Price, as stored$0.3622
against Bitcoin, 7 days-7.0%‡
against Bitcoin, 30 days-25.0%‡
listed on CoinMarketCap sinceJanuary 2024
Age since listing2.6 years
Fees relative to valuation< 0.001%
Supply still locked51.3%
hard supply capyes
Carried by Nexocarried
Trading venues of 15 checkednot collected
‡ The percentages come from a snapshot of August 28, 2026 and are not calculated from daily closing prices. Whether and when they will be recalculated together is decided by the model revision on December 8, 2026.
Finding
governance only, does not scale with the product
Investors and partners: $32.4 million. Pantera Capital and Founders Fund as leads, plus Digital Currency Group, Coinbase Ventures, Wintermute — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.