In the past three days, there’s been a pretty explosive data point—Ondo Global Markets’ stock tokens on BNB Chain have seen their market cap jump more than 10x, shooting up from the millions to just over $16 million. That kind of speed makes for a strong start to December.

Looking at a longer time frame, the total market cap of Ondo’s stock tokens deployed on both Ethereum and BNB Chain has now reached $345 million. Even more impressive, this accounts for over 60% of the entire mainstream stock tokenization sector.

To be honest, the idea of putting RWAs (real-world assets) on-chain has been talked about for years, but when it comes to truly turning traditional stock assets into on-chain tokens at this scale, Ondo is shaping up to be a leading player. This explosive growth on BNB Chain might also suggest that their multi-chain deployment strategy is not only diversifying risk but also capturing liquidity across different ecosystems.

ONDO-1.96%

BNB0.46%

ETH2.03%

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DegenWhisperer

· 21h ago

Damn, did Ondo really take off this time? A 10x increase is honestly a bit crazy.

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DegenWhisperer

· 12-03 14:20

10x gain, Ondo played this round perfectly. RWA is definitely not just talk, and the siphoning effect on the BNB chain has started to show.

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BankruptWorker

· 12-03 14:17

This round Ondo really pumped, 10x growth sounds unbelievable, the BNB ecosystem is still vibrant. RWA has been talked about for so many years, and finally someone actually did it instead of just shouting slogans. The dual-chain strategy with BNB and Ethereum is indeed smart—not putting all the eggs in one basket. A $345 million market cap directly takes up 60% of the stock token sector; Ondo’s monopoly is insane. It only started in December, there’s still more to come, let’s keep watching.

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CryptoPunster

· 12-03 14:15

Doubled again and again? As a retail investor, I really can’t keep up anymore. What kind of black magic is Ondo playing here? RWA has been hyped for years and finally someone’s managed to scale it, but I’ll say it again—when I go all in, that’s probably when the crash will happen. What does this BNB Chain growth show? It shows that multichain is basically multiplied leverage, and the risks are multiplied too. A 10x gain sounds great, but remember to call me when it drops 10x, everyone. Sixty percent market share sounds impressive, but it just means the others are trash. Still, Ondo does have something going for it.

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ApeWithAPlan