Ondo Perps hits $7 billion in volume weeks after launch

Ondo Finance's derivatives level has raced past $7 cardinal successful cumulative trading volume, according to information from analytics tract DefiLlama, a accelerated ascent for a merchandise that lone precocious opened to the public.

DefiLlama's figures enactment Ondo Perps astatine astir $7.03 cardinal successful cumulative perpetuals volume, with astir $200 cardinal traded successful the past 24 hours and astir $69 cardinal successful unfastened interest, the full worth of positions presently held connected the platform.

The platform's measurement has risen steeply since the spring, DefiLlama's illustration shows, with the sharpest gains coming successful the weeks done aboriginal August.

Related: Ondo Perps unlocks tokenized golden and metallic for perpetual trading

According to Ondo, much than $5 cardinal of that full has been traded since nationalist entree went live, which the institution says tops immoderate different real-world-asset perps level successful its archetypal month, citing the aforesaid DefiLlama data. Ondo called it the fastest commencement successful the category's history.

What Ondo Perps is

Ondo Finance is simply a tokenization company, taking accepted assets similar stocks, indices, and commodities and issuing them arsenic tokens that tin beryllium traded connected a blockchain.

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Ondo Perps, built for non-U.S. traders, is its level for perpetual futures, crypto derivatives that fto traders stake connected an asset's terms with nary expiry date, offering up to 20x leverage and 24/7 trading.

The diagnostic down the numbers

Much of Ondo's transportation rests connected however the level handles collateral.

Rather than requiring currency oregon stablecoins to backmost positions, Ondo Perps lets traders station tokenized stocks and different assets straight arsenic margin, keeping their holdings moving alternatively of selling them oregon parking wealth elsewhere. Ondo calls this its "productive capital" approach.

The institution said the milestones people lone the beginning, with much markets and features to come.

Related: Ondo introduces the Ondo Network to powerfulness its trading products

This communicative was primitively published by TheStreet connected Aug 7, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.