ONDO is now around 0.35u, and this coin has had plenty going on recently

Its biggest highlight is bringing real-world assets from traditional finance—stocks, ETFs, and more—directly onto the blockchain, working with top institutions like BlackRock and JPMorgan to run a pilot project. In June, it also rolled out something new: US stocks and ETFs can achieve 24/7 real-time minting and redemptions on chains like Ethereum, BNB Chain, and Solana, without having to wait for market opening hours

The community has recently been voting on a plan to permanently burn one hundred million tokens, which would be 10% of the total supply. The vote ends on July 25—this is happening in the next couple of days. If it passes, it will directly change the token supply and demand structure

In July, the actual trading price has been grinding in the 0.31 to 0.33u range all along. Even though the product has been continuously updated, the market doesn’t seem to be buying it—mainly due to the overall macro market environment. On top of that, some people are asking how much benefit the token will actually get as the platform business grows, and the unlocking situation is also affecting sentiment

In the past two days, it also went to Tokyo to attend a conference and discussed on-chain finance with institutions from Japan, showing it’s expanding in Asia as well

The size of locked capital has reached around $3.5 billion, indicating that the underlying business really is scaling. The only issue is that the token price hasn’t fully caught up yet #ondo $ONDO