Ondo (ONDO)

$ONDO Perp, the king of RWA, has launched, still in early stage, the interface and depth are not bad. Only Emission and Shares exist, there is no BTC, which I think is a plus.

It may not be a token, but $ONDO already exists, they can give rewards, and there is a reward pool every week; last week they returned the fee I burned.

$ONDO's FDV is already $3.7 billion, and in this reduced state Ondo is a huge project. $SOSO also has a token, but I think many are holding it. I suggest using Ondo Perp; if you haven't entered, enter. I think it still can't be entered without code, so check it out. 👇
https://t.co/zTuMUAErv0

RWA Tokenization has been a narrative.

Today it becomes a trade.

Ondo Perps just launched and $ONDO holders have been waiting for this moment.

The question everyone is asking: is this the $HYPE moment for RWA or just another overhyped protocol that fades in 3 months?

What Ondo Perps and Hyperliquid have in common:

→ Both run fully on-chain perps

→ No custodian, no middleman involved

→ Trade 24/7 straight from your wallet

→ Funding rates keep prices anchored to spot

→ Both support commodity perps

→ Non-custodial, no forced KYC for eligible users

→ Same category, same rails, different asset class

Hyperliquid proved this model can win at scale. Ondo is now stress testing it on stocks.

Where they split, and this is where it gets serious:

→ Hyperliquid runs 300+ markets, Ondo runs equities

→ Hyperliquid goes up to 40x, Ondo caps at 20x

→ Hyperliquid collateral is USDC, simple and familiar

→ Ondo collateral is your tokenized stocks themselves

→ No stablecoin conversion needed on Ondo Perps

→ Your NVDA position becomes your trading margin

→ Hyperliquid is battle tested with deep proven liquidity

→ Ondo is the new specialist, built for one lane only

→ Hyperliquid L1 is purpose built for high throughput perps

→ Ondo Chain is optimized for tokenized assets and compliance

→ Hyperliquid serves the crypto native trader base

→ Ondo serves the global non-US equity trader base

→ Two different products solving two different problems

The verdict on Hyperliquid:

→ Undisputed crypto perp king, nobody touching that crown

→ 300+ markets with battle tested liquidity speaks for itself

→ $HYPE holders have nothing to worry about here

→ Ondo is not competition, it is a different game entirely

The verdict on Ondo Perps:

→ First perp platform built specifically for RWA trading

→ The collateral mechanic is genuinely new and underrated

→ Using tokenized stocks as margin changes capital efficiency entirely

→ RWA stopped being a holding narrative, now it is a trading one

→ 70% market share in tokenized equities is serious leverage

→ $1B TVL crossed in May, the foundation is already there

→ CFTC just approved regulated Bitcoin perps, timing could not be better

→ Most credible RWA product to launch this cycle

The part nobody is talking about:

→ Ondo and Hyperliquid actually interoperate via LayerZero

→ Ondo tokenized stocks already live on Hyperliquid as spot assets

→ Basis trades and funding arbitrage across both venues is possible

→ Not rivals, they are becoming infrastructure for each other

→ Two biggest perp narratives of this cycle just converged

RWA has spent two cycles promising.

Ondo Perps is the first time it is actually delivering something you can trade.

Big day for $ONDO

🚨HUGE: @OndoFinance is bringing tokenized U.S. stocks and ETFs to @ZIGChain, extending access to onchain equities across Europe, South Asia, and Africa through a growing real-world asset ecosystem.

The integration combines Ondo’s tokenized securities infrastructure with ZIGChain’s distribution network, bringing equities, private credit, and other real-world assets onto a shared settlement layer with broader global reach.