Ondo

Ondo is a real-world asset protocol built on Ethereum that aims to bring institutional-grade financial products, such as tokenized securities and yield-bearing instruments, onto public blockchain networks. It is designed for users who want access to assets that have traditionally been available only to large financial institutions. The Ondo DAO, governed by ONDO token holders, oversees Flux Finance, a lending protocol that accepts tokenized securities as collateral.

ONDO is a governance token that gives holders rights over Flux Finance and the broader Ondo DAO, including decisions about protocol parameters and future development. The token lives on Ethereum, and the protocol's core application is described in the data as Ondo Yield Assets. No consensus algorithm is stored for this asset, as it is an application layer protocol rather than a standalone blockchain.

The protocol generated fees of approximately 6,655,597 USD over the trailing 30 days and 59,510,752 USD over the trailing 12 months, with fees annualized from the trailing 30-day period reaching roughly 80,976,430 USD. Revenue attributed to the protocol over the trailing 12 months stood at 8,478,796 USD, indicating that a portion of fees flows back to the protocol rather than entirely to external participants. Fee growth over the last 30 days was negative at -19.77 percent. The market capitalization to annualized fees ratio stands at 22.37 and the fully diluted valuation to annualized fees ratio at 45.94, both calculated from the trailing 30-day fee run rate.