Less than a month after launch, Ondo Perps has crossed a major milestone, recording more than $300 million in 24-hour trading volume while nearing $70 million in open interest. According to d
Less than a month after launch, Ondo Perps has crossed a major milestone, recording more than $300 million in 24-hour trading volume while nearing $70 million in open interest.
According to data from DeFiLlama, Ondo Perps generated $320.18 million in trading volume over the past 24 hours. Trading volume reached $1.497 billion over the past seven days and $4.218 billion in less than a month.
Since launch, cumulative trading volume has climbed to $5.763 billion, with open interest approaching $69.89 million.
Source: DefiLlamaRelated: Ondo Finance CEO explains what happens when Fidelity and Schwab enter tokenization
The milestone comes less than one month after Ondo Perps went live on July 7, making it one of the fastest-growing platforms focused on real-world asset (RWA) perpetual futures.
Perpetual futures, often called perps, are contracts that allow traders to speculate on an asset's price without owning it. Ondo Perps applies this model to tokenized real-world assets, giving users on-chain access to derivatives linked to traditional financial markets.
The strong trading activity suggests growing interest in advanced financial products built on blockchain, particularly as tokenized real-world assets continue gaining traction across the crypto industry.
The rapid rise in volume also highlights broader momentum behind the tokenized RWA market. As more financial assets move on-chain, demand is expanding beyond simply holding tokenized assets to trading them through derivatives.
With more than $320 million in daily trading volume, $5.763 billion in cumulative volume, and open interest nearing $70 million, Ondo Perps has quickly established itself as one of the leading platforms in the emerging RWA perpetual futures market.
If trading activity continues at its current pace, the protocol could strengthen its position as a key venue for on-chain RWA derivatives only weeks after its debut.
Related: Ondo leads tokenized stocks market as Wall Street moves onchain
