ONDO Price Eyes $0.48 as Ondo Tokenized Stocks Hit 150K Holders

Ondo Finance has shelved its Layer 1 blockchain initiative after 17 months of development, pivoting instead to a model that uses Trusted Execution Environments for transaction processing while settling on Ethereum. The move reflects a shift in the protocol's infrastructure strategy as its tokenized stock product gains traction - the ecosystem recently crossed 150,000 unique holders, signaling expanding adoption of its real-world asset offerings. ONDO token has recovered from recent support levels and is drawing trader attention around potential upside targets.

• Ondo abandoned its dedicated Layer 1 after a year and a half, consolidating on Ethereum settlement paired with TEE execution rather than building a standalone chain.
• Tokenized stocks on Ondo have reached 150,000 holders, indicating material growth in the platform's core RWA offering.
• ONDO token is tracking bullish technicals following a rebound from support, though no fundamental catalysts beyond ecosystem adoption metrics are evident.