If demand for Ondo remains steady, this consolidation phase could quickly turn into an uptrend once the market-wide sentiment stabilizes.

• Ondo Finance saw increased activity and network growth over the past month.
• Its price action was relatively strong compared to other altcoins.

Ondo Finance [ONDO] has announced the Ondo Chain, a purpose-built Layer-1 chain for institutional-grade RWAs.

It is designed to solve problems faced by tokenized RWAs, such as incompatibility with DeFi and inadequate network and protocol safety.

The news announcement and growing bullish performance across the RWA sector have given investors new hope. AMBCrypto examined on-chain activity to understand whether the token is undervalued.