Headline: Ondo’s Solana push lifts TVL to a record — but markets remain cautious on ONDO and SOL
Ondo Finance’s December 15 announcement that it will launch tokenized U.S. stocks and ETFs on Solana in early 2026 gave its protocol metrics a clear boost — but markets didn’t immediately reward ONDO’s price.
Key developments
- TVL surge: Ondo’s Total Value Locked hit a fresh all-time high of $1.93 billion after the Solana expansion was revealed, marking the firm’s Global Markets platform moving beyond Ethereum and BNB Chain and naming Solana as its next settlement layer.
- Price divergence: Despite the TVL milestone, ONDO’s token price pulled back into roughly the $0.36–$0.39 range and briefly fell under $0.40 to $0.36 in the sessions after the announcement.
- Technicals: ONDO’s daily RSI sat near 34, and the MACD remained below zero — indicators pointing to lingering bearish momentum and a lack of confirmed bullish reversal. Short-term resistance is around $0.50; a downside scenario could see pressure toward $0.25 if consolidation fails.
- Liquidity picture: The rising TVL suggests capital stayed deployed in the protocol during the price cooldown, implying on-chain accumulation or at least sticky liquidity despite the headline news.
Solana reaction: steady flows amid consolidation
- Price action: On December 15 SOL briefly dipped below $122 to roughly $117 before buyers steadied it within a $122–$145 range. Four‑hour indicators (RSI ≈ 52, weak MACD) pointed to neutral momentum and consolidation rather than an immediate breakout.
- ETF inflows: Solana saw $35.20 million in ETF inflows that same session — the largest daily inflow of the week and the second-highest daily total in December. Those inflows alongside price weakness suggest accumulation during volatile conditions.
What this means
Ondo’s expansion onto Solana materially improved on-chain fundamentals (TVL and platform reach). Yet price action for ONDO and SOL diverged from those fundamentals in the short term. The setup looks like accumulation at the protocol level without immediate price confirmation: liquidity remained in the system, but technicals signaled that traders were cautious.
Near-term scenarios to watch
- Bullish signal: ONDO clearing local resistance around $0.50 with improving RSI/MACD would indicate renewed momentum and validate the on-chain strength.
- Bearish risk: Failure to rally could extend consolidation or lead to deeper downside toward the $0.25 area.
- For SOL: continued ETF inflows and a breakout above the consolidation band would support a stronger uptrend; a rejection could keep price rangebound.
Bottom line
Ondo’s Solana move materially strengthened protocol metrics, culminating in a TVL record — but markets held back from repricing ONDO higher immediately. Traders and investors will be watching on-chain flows, ETF activity, and technical confirmations to determine whether capital deployment translates into sustained price appreciation.
Disclaimer: This content is informational and not investment advice. Cryptocurrency trading carries high risk; do your own research before making decisions.
Read more AI-generated news on: undefined/news
