Ondo Perps Clears $300M in Daily Volume @OndoPerps, the perpetual futures exchange operated by @Ondo, has recorded $300 million in 24-hour trading volume, crossing the nine-figure mark in a s
@OndoPerps, the perpetual futures exchange operated by @Ondo, has recorded $300 million in 24-hour trading volume, crossing the nine-figure mark in a single day. The platform is now approaching $70 million in total open interest, a notable figure given that it has been live for less than one month.
DeFiLlama data shows Ondo Perps has processed roughly $3 billion in perpetual futures volume over its first 30 days of operation, underlining the speed at which the platform has attracted on-chain activity.
Ondo Perps launched on July 7, 2026, billed as the first perpetual futures platform for equities and commodities that accepts tokenized securities as collateral alongside stablecoins. Available to non-U.S. investors, the platform offers up to 20x leverage across a range of underlying assets, including major U.S. stocks such as Apple, Nvidia, and Tesla, as well as ETFs, gold, silver, and oil.
The collateral design is a key differentiator. Most competing venues require traders to hold tokenized equities separately while posting stablecoins as margin, creating a capital efficiency problem. Ondo Perps allows traders to use tokenized equity holdings directly as margin, removing the need to maintain separate capital reserves.
The exchange operates on Ondo Network, a private, high-speed trading infrastructure that Ondo Finance unveiled in late July 2026. The network separates fast trade execution from settlement on public blockchains, an architecture aimed at matching the performance of centralised exchanges while retaining on-chain settlement guarantees.
The rapid scaling of the protocol points to concentrated demand for RWA-linked derivatives among on-chain market participants, a segment that has historically lacked a dedicated, capital-efficient venue. With open interest closing in on $70 million in its first weeks, @OndoPerps appears to be gaining traction as that gap narrows.
Sources:Ondo Perps launch press release, PR NewswireOndo Perps volume data, DeFiLlamaOndo Network infrastructure report, CoinDesk
