Crypto Scenario Insights
What happened
Ondo Finance has launched a perpetuals DEX allowing up to 20x leverage on equities and commodities using tokenized stocks as collateral.
What we think
The launch of Ondo Perps is a notable technical milestone for RWA-focused DeFi, but its immediate market impact is constrained by a broader risk-off environment and extreme market fear.
Read the analysis
Ondo Launches Perps DEX: Innovation or Liquidity Fragmentation?
We explain what happened and what could follow. We do not forecast prices.