Recently, I noticed an interesting phenomenon—since the end of last month, after various platforms started supporting Ondo's stock tokens, on-chain data has not cooled down.



Looking at the latest data: trading volume on weekdays has stabilized around $25 million, and the new issuance scale on-chain has also reached about $15 million daily. To be honest, I used to think that "everything on-chain" was just a slogan, but this wave of data growth has indeed exceeded expectations.

What's even more astonishing is—just looking at the first week of December, Bitget's Ondo stock token trading volume alone reached $88 million, capturing 73% of the market share. This concentration is quite remarkable.

To briefly explain the mechanism: Ondo's approach involves on-chain minting combined with broker matching, allowing the token price to be anchored in real-time to US stock prices. It's like putting a Web3 shell around traditional stocks, but the underlying logic still follows the stock market. It seems that some people are really exploring the RWA (Real World Asset) path.
ONDO-4.67%
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