ONDO (Ondo) has increased by 1.98% over the past 24 hours, with a total market capitalization of approximately $1.381 billion.

Gate News Bot Message, February 4th, according to CoinMarketCap data, as of press time, ONDO (Ondo) is currently priced at $0.28, up 1.98% in the past 24 hours, with a high of $0.35 and a low of $0.27. The current market capitalization is approximately $1.381 billion, an increase of $26.8 million compared to yesterday.

Important recent news about ONDO:

1️⃣ USDY product cross-chain expansion to Sei Network
Ondo Finance’s flagship product, the USD yield token USDY, has launched on Sei Network, marking the further expansion of this tokenized government bond asset’s ecosystem coverage. As the first tokenized US government bond asset on Sei Network, USDY provides users with a composable, yield-generating asset backed by US Treasuries on a high-performance blockchain, attracting users seeking stable returns and risk management.

2️⃣ Asset scale continues to grow and institutional recognition increases
USDY’s market cap has exceeded $1.28 billion, making it one of the most widely used tokenized government bond assets in the market. Ondo’s collaborations with top global institutions such as BlackRock, Apollo, Hamilton Lane, and Nomura have introduced tokenized assets into high-performance blockchain ecosystems, demonstrating Ondo’s institutional-level recognition and trust. This provides a solid fundamental support for the long-term value of the ONDO token.

3️⃣ Diversification of application scenarios
The launch of USDY on Sei Network unlocks complex use cases across payments, savings, collateralization, and DeFi, further enhancing product market applicability and ecosystem stickiness, which helps expand the user base and increase actual demand for the token.

This message is not investment advice. Investors should be aware of market volatility risks.