The RWA track has welcomed a major blockbuster bullish catalyst!

ONDO announced that it has directly connected to the Nasdaq liquidity pool, completely shattering the barriers between traditional finance and on-chain assets, putting mapped U.S. stock assets onto the fast track. The moment the news broke, discussions across social media instantly exploded, the market’s FOMO was fully ignited, and countless eyes are watching the influx of “old money” from traditional circles.

The bullish camp is more than confident: ONDO brings top-tier liquidity on-chain, directly pushing the RWA ecosystem to new heights. Currently, the project’s TVL peak has already surpassed $15.5 billion, with cumulative DEX trading volume exceeding $1.5 billion. Among them, BNB Chain has performed remarkably, becoming the absolute growth engine behind this round of landmark expansion.

At present, TVL and trading volume are highly concentrated in only a handful of assets, meaning the system’s risk-resilience is weaker. The recent pullback in TVL reflects the market’s wait-and-see stance toward high valuations. In addition, the surge in BNB Chain trading volume has also brought real-world problems such as MEV attacks and higher slippage, requiring ongoing vigilance.

The trend of capital migrating from CEX to DEX is clear, and multi-chain deployment effectively disperses the risk of a single chain. If, going forward, the synergistic effect between Ethereum and BNB Chain continues to gain momentum, on-chain TVL is expected to return to the $20 billion mark in 2026 Q2. Overall, the potential for this cross-industry collaboration is enormous—although there may be bumps in the short term, the long-term outlook remains worth expecting. #Gate广场五月交易分享 $ONDO