Ondo Finance announced that the new Layer 1 Blockchain, a new Layer, called ondochain, specially built for Corporate Class Real World Heritage (RWA). Moreover, fashion show data shows that the total locked value of Ondo (TVL) increased to approximately $ 654 million. This points to a run in the future. The price of Altcoin is approaching the $ 1.38 -dollar key resistance per week on Friday. According to crypto analyst Manish Chhetri, a solid closing above this level points to a run ahead.
Ondo started a bridge between Tradfi and Blockchain!
Ondo Finance announced that it launched a new Layer 1 Blockchain, Ondochain, specially designed for RWAs at the corporate level. The project includes new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, Wisdomtree, Google Cloud, Abn Amro, Aon and McKinsey. Ondo ecosystem already includes important sector leaders such as Blackrock, Paypal and Morgan Stanley. ”
Ondochain is designed from scratch to solve problems and make real institutional -scale RWAs possible. It brings together the best aspects of public and permitted blockchains to provide the necessary infrastructure to be included in the Blockchain of institutions and financial system. This initiative aims to increase productivity and compatibility in financial markets by bridges traditional finance and Blockchain technology.
TVL of Defi project is increasing
Crypto Intelligence audience shows that the fashion show data showed that Ondo’s TVL has risen from $ 568.32 million to $ 653.44 million on January 31 to $ 653.44 million and has increased since January 16th. This increase in TVL points to the increasing activity and interest in the ond ecosystem. It shows that more users have invested or use assets in ondo -based protocols and add confidence to the rise appearance.
TVL graph. Source: fashion showTechnical view: Bulls target higher peaks
The price of Altcoin faced resistance to around $ 1.37, which was a weekly resistance on Tuesday, and fell about 7 %until Wednesday. But on Thursday, he recovered a little. During the article on Friday, it is traded over $ 1.37 with a weekly weekly resistance. If Onddo breaks and closes $ 1,37, it may extend the rally to test the highest level of all time on December 16, $ 2.14.
The relative power index (RSI) in the daily graph is around 50 with a neutral level that points to indecision between the traders. Moreover, the moving average convergence dumping (MACD) is about to trigger a rise in the daily graph. If the MACD shows the tendency to rise, it will give the purchase signals and indicate the upward trend.
Ondo/USDT daily graphics
