Ondo Perps, the perpetual futures arm of tokenized asset protocol Ondo Finance, has racked up over $7 billion in cumulative trading volume roughly one month after its launch. The platform went into early access on June 9 and opened broader access on July 7.
The platform lets traders take leveraged positions, up to 20x, on perpetual contracts tied to tokenized US equities, ETFs, and commodities, tradeable around the clock on-chain.
The numbers behind the surge
DefiLlama data pegs cumulative perps volume at approximately $6.83 billion as of recent tracking, with the total crossing $7 billion shortly after. Daily trading volumes have hit north of $300 million during peak sessions.
Open interest on the platform has held steady in the $67 million to $72 million range.
