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FollowingThe cumulative trading volume of Ondo Finance's derivatives platform exceeded US$8 billion.
According to data from analysis platform DefiLlama, Ondo Finance's derivatives platform reached a new high, and the cumulative trading volume now exceeded US$8 billion. This figure indicates that its tokenized futures products are being rapidly adopted.
DefiLlama's data shows that Ondo Perps 'cumulative trading volume of perpetual contracts is approximately US$8.28 billion, and open interest is approximately US$93 million, which is the total value of positions currently held by the platform. In the past 30 days, the platform's trading volume has reached approximately US$5.37 billion, of which US$210 million was traded in the past 24 hours.
The intersection of stocks and perpetual contracts
Ondo Finance is a tokenization company that converts traditional assets such as stocks, indices and commodities into tokens that can be traded on the blockchain. Ondo Perps is open to non-U.S. traders and is its perpetual contract platform-a cryptocurrency derivative that allows traders to make non-maturity bets on asset prices, offering up to 20 times leverage and round-the-clock trading.
Ondo's core selling point largely lies in the way the platform handles collateral. Ondo Perps allows traders to directly pledge tokenized stocks and other assets as margin without the need for cash or stablecoins to support positions. In this way, they can keep assets operating continuously without having to sell or idle funds. Ondo calls this approach a "productive capital" strategy.
According to the company, this model is attracting institutional interest, with traders using their tokenized shares as collateral in the decentralized futures market. Ondo said the rising open interest reflects increased participation, not just short-term speculation.
It took just a few weeks to go from launch to US$8 billion.
The US$8 billion milestone marks the rapid rise of a platform that was only opened to the public a few weeks ago. Ondo Perps launched in July and has since steadily risen in the ranking of on-chain derivatives platforms, with plans to launch more markets and features. The company sees the increase as a verification of its core thesis: tokenized assets can be traded under the same competitive conditions as the market in which they rely.
