Comment on the leader of the RWA track $ONDO

ONDO is the leader in the RWA track, serving as a bridge to bring traditional financial assets onto the blockchain. The underlying idea is very clear: government bonds and money market funds in the traditional financial world are essentially stable in returns but have high thresholds, making them inaccessible to ordinary retail investors. ONDO transforms these types of assets into on-chain tokens, directly connecting crypto users and institutions, which is why it is regarded as the face of RWA.
ONDO is backed by a legitimate compliance route, not some wild DeFi project. It has solid connections with Wall Street capital like Goldman Sachs and BlackRock, which allows it to benefit from the "institutional capital influx". In other words, while other RWA projects are still telling stories, ONDO is already receiving real money.
Of course, its limitations are also very obvious: the gameplay is relatively conservative, mainly relying on tokenizing government bonds to attract liquidity, which determines that it is not the kind of story that can make ten times in one night, but rather a slow expansion, gradually turning into an on-chain version of a "wealth management product" for the rich.
So how should we view ONDO?
I think it is the core underlying asset of the RWA track, with logic similar to leaders like UNI and Lido in DeFi. Don’t expect it to skyrocket every day, but throughout the entire RWA boom cycle, it will definitely be the most stable and capable of attracting institutional funds. The biggest current issue is the weight of the vehicle; I don't know how deep the washout will go.

#Gate广场七夕心意#