Ondo

Ondo ONDO

Status: ListedLending, RWA, & DeFi Spot
Token GradeA
Overall Score: 37.7 /100Rank: 50 of 172
Disclosures A5.53 /10
Performance AA6.82 /10

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Disclosures Overview

Core Contributors

Legal & Financial

Tokenomics

Service Providers

Performance Overview: Market Quality

Total Volume (as % of Market Cap)

Market Cap (USD)

Trade Volume (USD)

Trade Volume (prev. 30D avg.)$840,326,217
Market Capitalization (prev. 30D avg.)$2,165,277,772
Trade Volume / Market Capitalization51.49%
GradeAAAScore10.00Percentile100.00%

Depth +/- 2% (as a % of Market Capitalization)

Depth +/- 2% (USD) | Market Cap (USD)

Depth (+/- 2%)Market Cap
Depth +/- 2% (prev. 30D avg.)$99,969,391
Market Capitalization (prev. 30D avg.)$2,165,277,772
Depth / Market Capitalization4.56%
GradeAAAScore10.00Percentile100.00%

Bid / Ask Spread (Volume weighted spreads)

Bid / Ask Spread (%)

UpbitBinanceBlofin
Exchange with Tightest SpreadsBinance
Volume Weighted Bid / Ask Spread (prev. 30 days)0.0973%
GradeAAAScore8.00Percentile91.81%

Price Performance

30D Change: 25.67%

Price (USD)

Count Green Candles14
Count Red Candles16
Candle "Win Rate"46.67%
GradeAScore5.00Percentile28.99%

Open Interest (as a % of Market Capitalization)

Top Venues by OI (prev. 30D avg.)

Bybit (Futures)$70,244,159
Binance$65,451,718
Mexc$53,723,889
Total (All Exchanges)$432,861,760
Open Interest / Market Capitalization18.36%
GradeAAAScore9.00Percentile65.61%

Funding Rate

Funding Rate (%)

Bybit (Futures)BinanceMexc
Open Interest-Weighted Funding Rate0.0183%
GradeAAAScore9.00Percentile96.82%

Performance Overview: Liquidity Providers

Data not disclosed

Market Maker Volume (as a % of total volume)

N/A
GradeCCC
Score0.00
Percentile0.00%

Market Maker Depth (as a % of total depth)

N/A
GradeCCC
Score0.00
Percentile0.00%

Market Maker Uptime / KPI Adherence

N/A
GradeCCC
Score0.00
Percentile0.00%

Performance Overview: Liquidity Footprint

Top-Tier Exchange Coverage

4 out of 4 (100%)BinanceOKXCoinbaseUpbit
GradeAAAScore10.00Percentile100.00%

Total Volume (CEX vs DEX)

Volume (USD)

CEX Volume (avg)$311,632,042
DEX Volume (avg)$1,628,804
CEX Volume share98.64%
GradeAScore5.00Percentile68.42%

Total +/- 2% Depth (CEX vs DEX)

+/- 2% Depth (USD)

CEX Depth (avg)$70,162,786
DEX Depth (avg)$171,001
CEX Depth share98.74%
GradeAAScore6.00Percentile78.95%

Total Volume (Spot vs Perps)

Volume (USD)

Spot Volume (avg)$313,260,846
Perps Volume (avg)$635,396,249
Spot Volume share29.67%
GradeAAAScore8.00Percentile49.12%

Total +/- 2% Depth (Spot vs Perps)

+/- 2% Depth (USD)

Spot Depth (avg)$70,333,787
Perps Depth (avg)$35,218,534
Spot Depth share72.43%
GradeAAAScore10.00Percentile100.00%

Performance Overview: Tokenomics

Disclosed Token Vesting vs Actual Vesting

Disclosed TGE DateN/A
Disclosed Duration60 months
Disclosed Total Groups4
Disclosed Max. SupplyN/A

Disclosed Maximum Token Supply (%) | Months Since TGE

Ecosystem GrowthProtocol DevelopmentPrivate SalesCommunity Access Sale

Commentary versus actual token vesting

Class distinction stated: "Private sale investors (excludes CoinList purchasers) and core contributors would all remain locked up for at least 12 months." No on-chain vesting enforcement. The DAO removed transfer restrictions on 18 January 2024; the lock-up is contractual and administratively released from the disclosed Foundation address, not enforced by a deployed vesting contract. Observed unlock behaviour shows large discrete events on 18 January 2025 and 18 January 2026, with a further event scheduled 17 January 2027 — consistent with annual cliff vesting. Tokenomist notes "Ondo uses cliff vesting, especially for Ondo's Ecosystem Growth allocations." This is third-party inference, not project disclosure. The schedule is a December 2023 proposal. No first-party page tracks execution against it, and no updated schedule has been published in the 32 months since.

GradeCCCScore0.00Percentile100.00%

Market Cap vs. FDV (Ratio)

0.49:1
GradeAA
Score6.00
Percentile32.75%

Fully Diluted Valuation (FDV) (USD)

$4,876,973,853
GradeAAA
Score10.00
Percentile100.00%

Annualized Rate of Inflation

39.83%
GradeCCC
Score2.00
Percentile51.16%

Data as of 2026-10-09 · Scoring config v4 · Rated 172 of 173 projects

UTR scores evaluate disclosure quality and token market structure. The score is informational and should not be interpreted as an assessment of expected returns or as an investment recommendation.