Ondo: price, market cap and how it did against Bitcoin
Bottom line
Ondo closed at $0.4086 on 4 November 2026, with a market capitalisation of $2B (rank 47) on 5 November 2026. On 30 October 2026 it was above its 200-day average of $0.3726, which is rising. Over 90 days it is 13.7 percentage points behind Bitcoin. RWA as a theme is +16% against Bitcoin over 13 weeks.
Price
$0.4086
as of 2026-11-04
Market cap
$2.0B
snapshot 2026-11-05
vs Bitcoin · 90d
−13.7 pts
as of 2026-10-30
30-day median volume
$154.5M
as of 2026-10-30
What it is · from the data we hold
What is Ondo?
Ondo is a crypto token that CoinGecko lists under decentralized finance (DeFi), real world assets (RWA) and RWA protocol. We place it in the RWA theme, with 39 coins. Its highest daily close since 19 January 2024 was $2.04 on 15 December 2024; its lowest was $0.1996 on 19 January 2024.
01 · the tape, against its benchmark
How has Ondo moved against Bitcoin?
Ondo is -39.6% over one year, +9.5% over 90 days and -16.7% over 30 days. Annualised 30-day volatility is 79%. Its deepest fall from a high inside the last 90 days is 35%. It trades above its 200-day average, which is rising.
ONDO · rebasedBitcoinRWA · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Ondo's returns and risk look like?
7 days-0.7%
30 days-17%
90 days+9.5%
180 days+45%
1 year-40%
30-day volatility79% annualised
Deepest 90-day fall35%
200-day average$0.3726 · above · rising
50-day average$0.4477
03 · what the protocol actually earns
Does Ondo generate fees or revenue?
Ondo has no complete calendar-quarter series on file yet, so no quarterly chart is drawn. DefiLlama does publish recent daily figures for it, and the last 30 and 90 days are shown below with their end date. Network activity is evidence about the protocol, not earnings owed to the token.
Fees, last 30 days$7.4M
Revenue, last 30 days$0
Fees, last 90 days$20.9M
Revenue, last 90 days$0
Paid to token holders, last 30 days$0
Paid to token holders, last 90 days$0
DEX trading volume, last 30 days$465.1M
DEX trading volume, last 90 days$1.4B
Source: DefiLlama, daily figures summed to 2026-10-30. Fees are what users paid; revenue is the part the protocol keeps. Paid to token holders is the share of revenue DefiLlama counts as going to holders, through buybacks, burns or staking payouts.
No complete calendar-quarter series is on file yet for Ondo; the recent figures above are what DefiLlama publishes today.
04 · exact additive research priority
What does the evidence say about Ondo?
Ondo scores 55.9 out of 100 inside RWA, ranked 8 of 29 rated coins on 50% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
Ondo · ONDO
55.9/100 · Price-led, little network data · 50% evidence · rank 8 of 29 rated RWA coins
Exact sum: 18.9 + 15.0 + 10.0 + 12.0 = 55.9
What it means: Mostly a price reading: less than half of this score rests on the network's own use (fees, users, deposits), so it says little about the project itself yet.
18.9/35Price leadership
vs Bitcoin (90 days): −13.7 pts · vs its theme (30 days): +5.2 pts · above its 200-day average
100% evidence
15.0/30Usage growth
Fees — · revenue — · users —
0% evidence
10.0/20Value capture
Fee yield — · revenue yield —
0% evidence
12.0/15Liquidity & risk
Typical daily trading: $154.5M · price swings: 78.5% a year
100% evidence
This weakens if: The read weakens if 90-day strength against Bitcoin falls below zero with two weekly closes below the 200-day average, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Ondo compare with other RWA coins?
Ondo is one of 39 RWA coins here, 29 of which carry enough evidence to be rated and ranked. Ondo ranks 8 of those 29 on 50% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The RWA scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full RWA page.
Ondo is number 34 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-05.
This page names 5 ways its own evidence about Ondo can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-04; market capitalisation is a separate snapshot dated 2026-11-05.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-04; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-11-05; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 8 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Ondo?
Ondo is a crypto token that CoinGecko lists under decentralized finance (DeFi), real world assets (RWA) and RWA protocol. We place it in the RWA theme, with 39 coins. Its highest daily close since 19 January 2024 was $2.04 on 15 December 2024; its lowest was $0.1996 on 19 January 2024.
What is the market cap of Ondo?
Ondo's market capitalisation is $2B, ranking it 47 in the top-1,000 crypto universe, read on 5 November 2026. It is refreshed separately from the daily price.
Is Ondo beating Bitcoin?
Over 90 days Ondo is 13.7 percentage points behind Bitcoin: its own return minus Bitcoin's. Its theme, RWA, is +16% against Bitcoin over 13 weeks. Ondo trades above its 200-day average as of 4 November 2026.
What is Ondo's highest price?
The highest daily close we hold for Ondo is $2.04, on 15 December 2024, in records from 19 January 2024. The lowest is $0.1996, on 19 January 2024. The close on 4 November 2026, $0.4086, is 80% below that high.
Does Ondo have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is Ondo's research score?
55.9/100 within RWA, ranked 8 of 29 rated RWA coins, on 50% evidence: 18.9 + 15.0 + 10.0 + 12.0 = 55.9. It is labelled “Price-led, little network data”. The score ranks research attention inside one theme, never portfolio action.
How much Ondo history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Ondo actually publishes. No complete quarterly series is on file for this token yet; DefiLlama's last 30 and 90 days are shown instead.
How much did Ondo earn in the last 30 days?
In the 30 days to 30 October 2026, DefiLlama shows $7.4M of fees and $0 of protocol revenue for Ondo. Over 90 days: $20.9M of fees and $0 of revenue. Fees are what users paid; revenue is the part the protocol keeps.