cryptopromisespromises, checked
Dashboard

Ondo

ONDO#51 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

#2of 13 RWA protocolsthe typical one is worth $60.9M#51of all coins by sizeworth $1.69B today51%of the supply still to come5.13B coins can still reach the market222.66Kpeople keep it on a watchliston CoinGecko, a measure of attention

Ondo is for putting real assets on chain. We have not written its record yet, so its promises are not checked. It trades at $0.348, #51 of all coins by size, 84% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #2 of 13 RWA protocols. 1 reason to be careful.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
2named backersCoinbase Ventures, Pantera Capital
2 yearson the marketsince 18 January 2024
222.66Kpeople watch iton CoinGecko lists

Reasons to be careful:Half the supply still to come

ExpandCollapse

Passes all four

  • ✓A real-world jobReal-world purpose: putting real assets on chain
  • ✓Real backingBacking: backed by Coinbase Ventures; in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
  • ✓Something aheadAhead: news this month about partnership, tokenization
  • ✓Room to growRoom: worth $1.69B, 5 times smaller than Chainlink, the biggest coin within reach doing the same thing (RWA Protocol)

Backed by Coinbase Ventures and 1 more

  • Origin18 January 2024about about 2 yearsFrom Indonesia (Wikidata)ondo.foundation, GitHub, Whitepaper
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingCoinbase Ventures, Pantera CapitalInvestor tags from CoinGeckoIndex: GMCI IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
  • Standing on the recordNo recordNo dated promise to judge yet29 headlines last month, 3 about government222,658 people keep it on a CoinGecko watchlistNo corrections needed so far
Why it is worth a look
  • Real-world purpose: putting real assets on chain
  • Backing: backed by Coinbase Ventures; in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
  • Ahead: news this month about partnership, tokenization
  • Room: worth $1.69B, 5 times smaller than Chainlink, the biggest coin within reach doing the same thing (RWA Protocol)
The gap, and what to do

It is already worth more than the typical coin in RWA Protocol ($60.9M). To match the leader, Chainlink ($8.5B), its price would need to rise 402%, to about $1.75.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • Years younger than the group's leader

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

ExpandCollapse

Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#2of 13 RWA protocolsthe typical one is worth $60.9M
$1.69Bworth todayprice × coins out
$60.9Mthe typical rival is worthRWA Protocol
$8.5Bthe leader is worthChainlink
ExpandCollapse

Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Putting real assets on chain

148 coins tagged Real World Assets (RWA), worth $49.2B together. #4 of 148 by worth.

RWA Protocol: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Ondo$1.69Bthis coin−2.0%49% outno record
  • Chainlink$8.5B5.0× bigger, +$6.8B−0.4%, gap +1.775% outnone dated
  • Maple Finance$242.3M7.0× smaller, −$1.45B−4.0%, gap −2.0no max0 of 1 delivered
  • Zebec Network$180.06M9.4× smaller, −$1.51B+1.6%, gap +3.6100% outno record
  • Collector Crypt$122.56M13.8× smaller, −$1.57B−14.7%, gap −12.647% outnone dated
  • Plume$82.57M20.5× smaller, −$1.61B−1.3%, gap +0.764% out0 of 1 delivered
  • RE$69.15M24.5× smaller, −$1.63B+2.0%, gap +4.016% outno record
  • Polymesh$52.65M32.2× smaller, −$1.64B−8.3%, gap −6.3no maxno record
Same job, different how

RWA Protocol: this coin next to Chainlink, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Ondo says
The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners.
Chainlink says
Chainlink is a service that supplies outside data and connections between different blockchains for other blockchain-based applications to use.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners.

Problem it says it solves: putting real assets on chain. 148 coins are working on it and together they are worth $49,197,548,476. This coin is 3% of that.

Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

1 reason to be careful

  • Half the supply still to come51% of the maximum supply is still to come
ExpandCollapse
Why is it this small?

RWA Protocol: this coin next to the group's largest, Chainlink.

OndoChainlink
Years trading3 years9 years
Major exchanges1110
Named backers20
Headlines, last month29107
Promises deliveredno recordno record

What it says is different: The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners.

It is 19.9% the size of Chainlink. On the facts above it is behind on years trading. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.

Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.

The homework: the coin itself, the news, the record

The coin itself

$0.348price of one−2.0% today
84%below its highest ever$2 on 15 December 2024
49%of the supply is out4.87B coins
ExpandCollapse

The last 7 days

7 days ago: $0.3757now: $0.348 (−7.3%)

Where today sits against its highest ever price

$0.348

Highest ever: $2.14 on 15 December 2024. Today is 16% of that.

49%

of all ONDO that will ever exist is already out in public hands: 4.87B coins.

51% (5.13B coins) is already created but not in public hands, held by the project or locked in escrow. That is a majority. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Its pages do not say what holding it gets you

That is worth knowing before buying. A coin nobody needs is priced on hope.

  • Nothing the project's own pages spell out.
$0.348price of one
×
4.87Bcoins out
=
$1.69Bworth today, #51 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 49%of the maximum supply is in circulation: 4.87B of 10B.
  • 5.13Bcoins still to be released, 51% of the maximum. Releases can add selling pressure.
  • 2.1×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 16%of its all-time high of $2.14 on 15 December 2024. That is −83.7% from the top.
  • #51by market cap, $1,694,592,568.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $3.51B is locked in it right now

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

29headlines, last monththat name this coin
3about governmentregulation, courts, central banks
ExpandCollapse

Headlines per day, last 30 days

29 headlines named this coin in the last month.

What they were about

  • Tokenization12
  • Price5
  • SEC2
  • Partnership1
  • Regulation1
  • AI1
In the news
What people are talking about, last month:

29 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
ExpandCollapse

Six facts, the project's own replies, its peers, contract facts, references and every stored copy