Kaiko Research, a crypto market analytics company, warns that a real-world assets (RWAs) project may remain in the negative for at least two reasons.
Kaiko Research has released a report that says Ondo Finance is losing its momentum now that the excitement surrounding RWA project have subsided.
Ondo Finance warns of the possibility that the Fed’s expected interest rate cut in September will further reduce investment flows.
CME’s FedWatch Tool shows that traders and investors expect the Fed to reduce interest rates next month by 25 basis point.
Most of these funds are invested in US short-term debt instruments. Franklin Templeton’s FBOXX and Ondo Finance’s OUSG, USDY and Hashnote’s USYC are also among the top-performing funds. The yields of each fund are in accordance with the Fed Funds rate.
Both the on-chain flow and secondary market activity for tokenized funds increased as the buzz around them grew. Ondo Finance’s governance token ONDO experienced the biggest trading spike, coincident with its announcement of a collaboration with BlackRock’s BUIDL.
ONDO’s price reached a new record of $1.56 per token in June, amid rising BUIDL flows and increased interest in On-Chain Funds.
The hype surrounding the US interest rate environment has changed. Inflows could be affected by this.
Ondo was trading at $0.67 as of the time this article is written. In the past 24 hours, Ondo has dropped 1.8% from its 77th position in terms of market capital.
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The post Analytics Firm issues warning on ONDO and says Fed rate policy present headwinds — Here’s why may be updated as new information becomes available.
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