Ondo Perps, Ondo Finance’s perpetual futures platform for tokenized equities, has surpassed $7 billion in cumulative trading volume roughly one month after launch. The platform enables leveraged positions up to 20x on perpetual contracts tied to tokenized US equities, ETFs, and commodities, tradeable around the clock on-chain. Daily volumes have exceeded $300 million during peak sessions, with open interest holding steady between $67 million and $72 million. The key innovation is the ability to use tokenized stocks and stablecoins as margin collateral, allowing traders to hold equities without selling them to fund leveraged trades. The platform is not available to US users and operates outside restricted jurisdictions.
Source: Read the original article
