Convert and Swap Ondo Finance ONDO to United States Dollar USD
ONDO/USD: 1 Ondo Finance equals $1.59 USD
Last update: 10:06 PM, December 22, 2024
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Ondo Finance is falling this week.
The current price of Ondo Finance is $1.59 per ONDO. With a circulating supply of 1,389,759,838.478 ONDO, it means that Ondo Finance has a total market cap of $2,236,384,797.56. The amount of Ondo Finance traded has fallen by $99,418,961.70 in the last 24 hours, which is a 36.86% decrease. Additionally, in the last day, $269,723,130.02 worth of ONDO has been traded.
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About Ondo Finance
Ondo Finance was created to bring institutional-grade financial products onchain, including tokens backed by U.S. Treasuries. Flux Finance is a decentralized lending platform that supports Ondo Finance’s tokenized U.S. Treasuries. ONDO is used to govern the Ondo DAO and the Flux Finance protocol.
Ondo Finance is a decentralized autonomous organization (DAO) that aims to democratize access to institutional-grade finance. The ONDO token, the governance token of Ondo Finance, plays a crucial role in shaping the future of the organization. ONDO token holders are granted specific rights related to Flux Finance, which is currently governed by the Ondo DAO. The initial token supply of ONDO is 10 billion, with no planned inflation. The Ondo Foundation, a nonprofit entity based in the Cayman Islands, supports the mission of Ondo Finance, focusing on areas such as innovation, education, treasury management, contract deployment, strategic partnerships, and community engagement.
Ondo Finance operates through a governance process that typically follows a two-stage process: a forum discussion and an on-chain vote. The DAO parameters are set to ensure a fair and efficient governance process. The proposal threshold, voting period, quorum, and timelock are all integral parts of the governance process. ONDO token holders can exercise control over the protocol, including economic parameters and smart contract upgrades, through on-chain governance proposals. The DAO may also elect committees or multisigs to manage certain processes, such as updating certain economic parameters or pausing the protocol in critical times.
Ondo Finance seeks to usher in a new era of financial inclusivity and market efficiency through on-chain institutional-grade financial products and services. It aims to advance the adoption of tokenized real-world assets (RWAs) and their use in on-chain financial protocols. The Ondo Foundation also focuses on increasing public understanding of the ecosystem and the benefits of asset tokenization. Furthermore, it oversees a treasury to facilitate strategic ecosystem growth, issues governance tokens, deploys protocol smart contracts, and hosts web applications for certain platforms in the ecosystem.
Ondo Finance has a history marked by community involvement and strategic decision-making. A pivotal moment in its history was the lifting of restrictions on transferring the ONDO token on January 18, 2024, following a decisive vote by the DAO. This decision not only unlocked the token but also established a structured distribution schedule for the ONDO token, aligning with the community's consensus. The Ondo Foundation, a Cayman Islands Foundation Company, was established with a mission to support the goals of Ondo Finance. The foundation has no beneficial owners and is specifically focused on several key areas to support the growth and development of the Ondo Finance ecosystem.
How Ondo Finance and United States Dollar differ
Ondo Finance (ONDO) and the US Dollar (USD) are two distinct forms of value representation, each with its unique characteristics. Ondo Finance is a decentralized autonomous organization (DAO) that aims to democratize access to institutional-grade finance. It operates through a governance process that involves ONDO token holders, who can influence the protocol's direction through on-chain governance proposals. The ONDO token, with an initial supply of 10 billion, is a crucial component of this ecosystem, granting holders specific rights related to Flux Finance. On the other hand, the US Dollar is a traditional fiat currency, controlled by centralized institutions like the Federal Reserve, and its value is backed by the trust and confidence of its users. Unlike ONDO, the USD does not grant its holders any governance rights over its management or value. Furthermore, Ondo Finance seeks to advance the adoption of tokenized real-world assets and their use in on-chain financial protocols, a feature not present in the USD system.
Frequently asked questions
How much is 1 Ondo Finance in USD?
Right now, 1 Ondo Finance is worth about $1.59.
How much ONDO could I buy for 1 USD?
Based on the current rate, you could get 0.63 ONDO for 1 USD.
How much has the price of Ondo Finance changed?
Ondo Finance price has been declining. Since yesterday, the exchange rate of Ondo Finance has decreased. Since last month, the exchange rate of Ondo Finance has increased. Since this time last year, the price of Ondo Finance has increased.
How do I calculate or convert ONDO to USD?
You can use our ONDO to USD calculator at the top of this page to convert any amount of ONDO to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 3.14 ONDO. Inversely, 5 ONDO will cost about $7.96
How can I buy 1 Ondo Finance on Coinbase?
Ondo Finance is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Ondo Finance.
What are assets similar to Ondo Finance that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Ondo Finance, including Fasttoken, Tether Gold, and Enjin Coin. For a more robust list of assets to explore, jump to the asset page dedicated to Ondo Finance.
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ONDO to United States Dollar conversion tables
The exchange rate of Ondo Finance is decreasing.
The current value of 1 ONDO is $1.59 USD. In other words, to buy 5 Ondo Finance, it would cost you $7.96 USD. Inversely, $1.00 USD would allow you to trade for 0.63 ONDO while $50.00 USD would convert to 31.42 ONDO, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 10.61%. Meanwhile, in the last 24 hours, the rate has changed by 4.28%, and that the the highest exchange rate of 1 ONDO to United States Dollar was $1.72 USD and the lowest 24 hour value was 1 ONDO for $1.57 USD. This time last month, the value of 1 ONDO was $1.00 USD, which is a 59.45% decrease from where it is now. Looking back a year, Ondo Finance has changed by $0.30 USD.
ONDO to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$1.68 USD | -4.28% | $1.82 USD | -10.61% | $1.00 USD | 59.45% | $0.30 USD | 459.35% |
ONDO to USD
Amount | Today at 10:06 pm |
|---|---|
0.5 ONDO | $0.80 |
1 ONDO | $1.59 |
5 ONDO | $7.96 |
10 ONDO | $15.92 |
50 ONDO | $79.58 |
100 ONDO | $159.15 |
500 ONDO | $795.76 |
1,000 ONDO | $1,591.52 |
USD to ONDO
Amount | Today at 10:06 pm |
|---|---|
0.5 USD | 0.31 ONDO |
1 USD | 0.63 ONDO |
5 USD | 3.14 ONDO |
10 USD | 6.28 ONDO |
50 USD | 31.42 ONDO |
100 USD | 62.83 ONDO |
500 USD | 314.17 ONDO |
1,000 USD | 628.33 ONDO |
Today vs. 24 hours ago
Amount | Today at 10:06 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 ONDO | $0.80 | $0.84 | -4.89% |
1 ONDO | $1.59 | $1.67 | -4.89% |
5 ONDO | $7.96 | $8.37 | -4.89% |
10 ONDO | $15.92 | $16.73 | -4.89% |
50 ONDO | $79.58 | $83.66 | -4.89% |
100 ONDO | $159.15 | $167.33 | -4.89% |
500 ONDO | $795.76 | $836.64 | -4.89% |
1,000 ONDO | $1,591.52 | $1,673.27 | -4.89% |
Today vs. 1 month ago
Amount | Today at 10:06 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 ONDO | $0.80 | $0.50 | +59.33% |
1 ONDO | $1.59 | $1.00 | +59.33% |
5 ONDO | $7.96 | $4.99 | +59.33% |
10 ONDO | $15.92 | $9.99 | +59.33% |
50 ONDO | $79.58 | $49.94 | +59.33% |
100 ONDO | $159.15 | $99.89 | +59.33% |
500 ONDO | $795.76 | $499.43 | +59.33% |
1,000 ONDO | $1,591.52 | $998.85 | +59.33% |
Today vs. 1 year ago
Amount | Today at 10:06 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 ONDO | $0.80 | $0.15 | +432.99% |
1 ONDO | $1.59 | $0.30 | +432.99% |
5 ONDO | $7.96 | $1.49 | +432.99% |
10 ONDO | $15.92 | $2.99 | +432.99% |
50 ONDO | $79.58 | $14.93 | +432.99% |
100 ONDO | $159.15 | $29.86 | +432.99% |
500 ONDO | $795.76 | $149.30 | +432.99% |
1,000 ONDO | $1,591.52 | $298.60 | +432.99% |
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