2026-01-16 05:34:17

Ondo Finance has become the focus of attention this week — its total value locked (TVL) has surpassed $2 billion, setting a new record. The core driver of this growth comes from its tokenized US Treasury bond fund product, which has attracted a large influx of funds seeking stable returns. From an on-chain distribution perspective, Ethereum remains the main force, with approximately $1.5 billion in assets locked, accounting for nearly 75%. The Solana ecosystem follows closely, with a locked value of $248 million, demonstrating the growth momentum of DeFi on the Solana chain. BNB Smart Chain contributed $123 million, forming a diversified ecosystem across the three mainstream public chains. This cross-chain distribution trend reflects that the traditional asset tokenization sector is attracting increasing liquidity flow into multi-chain ecosystems.

ONDO-11,3%

ETH-2,69%

SOL-6%

BNB-2,5%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
6
Repost
Share

Comment

0/400

GateUser-0717ab66

· 5h ago

20 billion dollars, this track is really taking off. Sovereign debt tokenization is a steady money-printing machine.

View OriginalReply0

CommunitySlacker

· 01-16 06:03

20 billion already, tokenization of government bonds is really popular, it seems everyone wants that stable flow Why does Ondo dominate 75% on ETH, how come other chains are so competitive To put it simply, ETH has a strong infrastructure, even if Sol is faster, it still has to give way Tokenization of government bonds... isn't this just traditional finance migrating onto the chain? Interesting Cross-chain liquidity moving across multiple chains, it will balance out sooner or later, but for now, it still seems uneven I just want to know when these 20 billion will start to cause some waves With the ETH ecosystem so popular, do new projects still dare to invest in Sol? They really have guts Stable income vs high risk, some people in our circle still understand financial management

View OriginalReply0

LidoStakeAddict

· 01-16 05:59

20 billion USD locked, quite impressive, but ETH still dominates. SOL and BNB combined are only 370 million, the gap is indeed significant.

View OriginalReply0

PanicSeller

· 01-16 05:58

2 billion hits a new high, but I still feel that the yields on government bonds are a bit虚. What will happen in a real bear market?

View OriginalReply0

DeFiDoctor

· 01-16 05:53

The consultation records show that this guy's TVL is indeed increasing, but I have to say—when it comes to attracting funds with government bond products, it's essentially just cutting into traditional financial refugees. 75% is concentrated on Ethereum, and I recommend regular reviews of this allocation. With such a concentrated risk exposure, if strategy complications occur... Solana only has 248 million, which isn't sufficiently diversified. Considering the prospects of many chains, I actually prefer to look at liquidity indicators to see if there's any water being squeezed out.

View OriginalReply0

CantAffordPancake

· 01-16 05:49

2 billion dollars, Ondo is really taking off. The tokenization of US debt is actually being paid for by someone. Wait, ETH accounts for 75%? Sol and BNB combined are less than 15%. Isn't this still Ethereum's world? Moving US debt on-chain can make money. But I always feel something's off about this logic. No, if you want stable returns, isn't buying physical US debt directly better? Why bother with DeFi? Cross-chain deployment sounds good, but ultimately liquidity still flows into ETH. Don't fool yourself.

View OriginalReply0