Buy & Swap Ondo (ONDO)

$0.3528-4.42% (24h)ERC20 network

Ondo (ONDO) can be swapped instantly on SwapRocket — no account, no KYC and zero added fees. Compare live ONDO rates from every connected provider and receive funds in your own wallet in minutes.

Swap ONDO instantly — no KYC

ONDO / USD — 24H chart

ChangeHighLow

Live market data · extended history unavailable for this asset

24h4.42%

7d—

30d—

90d—

1y—

Ondo statistics

Market cap$1.72B

Fully diluted market cap—

24h volume$228.04M

Circulating supply4.87B ONDO

Max supply∞

Total supply—

All-time high$0.5292

Market dominance—

Rank—

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Non-custodial

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About Ondo (ONDO)

Crypto token

Ondo (ONDO) is a crypto token on the ERC20 network. It powers its project's ecosystem — used for things like access, governance, fees, or rewards — and trades freely against other digital assets.

How does ONDO work?

Ondo runs as a token on the ERC20 network, which means it benefits from that chain's security and tooling while serving the specific role its project defines — for example governance votes, platform fees, staking, or in-app utility.

What is ONDO used for?

Holders use ONDO to participate in the Ondo ecosystem and to gain exposure to the project's growth. As with any token, its value is tied to real usage and demand for what the project offers.

How to buy or swap ONDO on SwapRocket

Pick ONDO as the asset you want to receive.
Choose which crypto you're paying with.
SwapRocket compares every connected exchange and surfaces the best rate.
Paste your wallet address and confirm — funds arrive in minutes.

Ondo (ONDO) swap profile

This profile explains how Ondo swaps work on SwapRocket: the network ONDO settles on, what an exchange costs, how long it usually takes, and which pairs are published. Rates are aggregated live from every connected provider and shown in full before you commit to anything.

ONDO key facts

Ticker: ONDO
Settlement network: ERC20
Category: Crypto token
Custody: Non-custodial — coins move from the provider straight to your wallet
Cost to you: Zero added fees; you see the provider rate
Verification: No KYC for crypto-to-crypto swaps
Typical completion: Most swaps finish in under 10 minutes
Rate options: Best rate, fastest route or fixed rate
Published pairs: 2 published ONDO pairs

How a ONDO swap works

Enter the amount you want to exchange, pick the asset on the other side, and SwapRocket queries every connected exchange partner at once. You choose an offer, paste the wallet address that should receive the funds, and send ONDO to the deposit address shown. The partner executes the trade and pays out to your address — SwapRocket never holds your coins, and there is no account to create before you start.

Choosing a rate for ONDO

Three offers are presented for every ONDO exchange. The best rate returns the largest amount for the size you entered. The fastest route favours the partner with the shortest expected settlement time, which matters when the market is moving. The fixed rate locks the quoted amount for the duration of the order, so what you are shown is what arrives, at the cost of a slightly smaller payout. Floating offers can move with the market between deposit and settlement.

Networks and addresses for ONDO

Ondo settles on ERC20. Always send from and to an address on that network: a deposit sent over a different chain cannot be recovered by the exchange partner. When an asset exists on several chains, pick the matching network in the widget before copying the deposit address, and send a small test amount first if you are unsure.

Popular ONDO pairs

Each pair below has its own page with a live quote, the current rate and the limits that apply to that route.

Want the full wallet and network checklist? Read how to buy Ondo (ONDO) by swapping crypto.

What is ONDO? · Sourced guide · Updated 2026-09-24 · 8 sources cited

Ondo brings US Treasuries and similar assets onto public blockchains. How does the ONDO governance token relate to those tokenized products, and why are the products themselves permissioned while ONDO moves freely?

Tokenized real-world assets try to join two worlds. Traditional instruments such as Treasury bills come with investor rules and regulated managers. Blockchains offer open transfer and round-the-clock settlement. Ondo works on both sides: it issues tokenized products backed by short-term Treasuries and bank deposits, and it has a separate governance token, ONDO, that anyone can hold. Understanding the difference between the two is the key to understanding the project. This profile explains it using Ondo's own documentation and announcements.

ONDO is a governance token

Ondo's documentation describes ONDO as the governance token for Ondo DAO and Flux Finance, a lending protocol. Holders use it to take part in decisions about those systems.

The official Ethereum address is 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3. The initial supply was 10 billion tokens, and the documentation states there is no scheduled inflation.^{[1], [2]}

Made transferable by vote

ONDO was not freely transferable at first. The documentation records that transfer restrictions were lifted on January 18, 2024, following a vote of the DAO.

That decision shows the governance token doing what it was designed for: holders set the rules for the token itself.^[3]

Tokenized Treasuries: OUSG

Separately from ONDO, Ondo issues OUSG, a token that gives eligible investors exposure to US Treasuries. Ondo's April 2023 announcement of a tokenized money market fund product noted that OUSG was already live by then.

Ondo's official address page lists OUSG on Ethereum and Polygon, with further network support. OUSG transfers are permissioned: only approved holders can receive it.^{[4], [5]}

A yield-bearing dollar note: USDY

In August 2023 Ondo announced USDY, a tokenized note secured by short-term US Treasuries and bank demand deposits. It was designed as a way to hold a dollar-denominated, yield-bearing asset on a blockchain.

Ondo's product documentation describes OUSG, USDY and its newer tokenized stock products side by side, making the family of products clear.^{[6], [7]}

Two kinds of token, two sets of rules

The products hold real-world assets and follow investor rules, so they are permissioned. ONDO, by contrast, is a governance token with no claim on those assets and moves freely on Ethereum.

Keeping these apart avoids a common confusion: holding ONDO is not the same as holding a share of Ondo's Treasury products.^{[1], [5]}

Governance with a fixed supply

Because ONDO has no scheduled inflation, holders do not see their share of the supply diluted by automatic new issuance. The documentation sets the initial supply at 10 billion tokens, and changes to how the token works go through the DAO.

This makes ONDO a fairly simple governance asset. Its purpose is to let holders take part in decisions about Ondo DAO and Flux Finance, while the Treasury-backed products carry their own separate rules for eligible investors.

The contract address and supply details sit together on one official page, which makes them easy to check before buying or sending ONDO.^{[2], [1]}

How product prices reach the chain

Tokenized funds need their net asset value brought on-chain by some kind of price feed. The documentation reviewed does not describe in detail how that data is sourced and checked before on-chain contracts use it.

The exact process is UNKNOWN from public sources and is not guessed at here.^[7]

What this means when you hold or move ONDO

SwapRocket lists ONDO on Ethereum (ERC-20). Send it only to an Ethereum address from a wallet or service that supports ERC-20 tokens, keep a little ETH for network fees, and confirm the contract address in Ondo's documentation.

OUSG and USDY are separate products with their own eligibility rules and are not what you receive when you swap for ONDO. Keep the transaction ID until the order completes, and back up your recovery phrase.

Sources and evidence (8)

[1] ONDO is the governance token for Ondo DAO and Flux Finance; its Ethereum address is 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3. Ondo Foundation Docs — ONDO token · verified 2026-09-24 Confirmed
[2] ONDO's initial supply was 10 billion with no scheduled inflation. Ondo Foundation Docs — ONDO token · verified 2026-09-24 Confirmed
[3] ONDO transfer restrictions were lifted on January 18, 2024, following a DAO vote. Ondo Foundation Docs — ONDO token · verified 2026-09-24 Confirmed
[4] Ondo's April 2023 announcement introduced a tokenized money market fund product and noted OUSG was already live. Ondo Blog — Tokenizing money market funds · verified 2026-09-24 Confirmed
[5] Ondo lists official OUSG addresses on Ethereum and Polygon. Ondo Docs — Addresses · verified 2026-09-24 Confirmed
[6] USDY is a tokenized note secured by short-term US Treasuries and bank demand deposits, announced in August 2023. Ondo Blog — Introducing USDY · verified 2026-09-24 Confirmed
[7] Ondo's documentation describes its products, including OUSG, USDY and tokenized stocks. Ondo Docs — Overview · verified 2026-09-24 Confirmed
[8] Ondo lists an OndoIDRegistry and permissions contracts alongside OUSG, which control who may hold it. Ondo Docs — Addresses · verified 2026-09-24 Confirmed

Profile last reviewed 2026-09-24. Historical background only — not investment advice.

Fees and pricing

Zero added fees: SwapRocket does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.

SwapRocket does not add a separate fee or markup to the provider quote. SwapRocket may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.

Network fees are set by the blockchain, not by SwapRocket. No account, no subscription and no withdrawal charge. Live support is available 24/7.

ONDO swap FAQ

How do I swap Ondo (ONDO) instantly on SwapRocket?

Pick ONDO as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. SwapRocket hands your order to the provider whose quote pays out the most at that moment, and most swaps complete in under 10 minutes — no SwapRocket account needed.

Can I swap ONDO with no KYC?

No SwapRocket account or identity documents are needed to start a crypto-to-crypto swap of ONDO. The provider that executes the swap may still request identity verification or hold a swap for review under its own AML and sanctions policy, regardless of amount. Selling to a bank account goes through a regulated payment partner that verifies the payer; card purchases on SwapRocket are coming soon.

Is swapping Ondo on SwapRocket non-custodial?

Yes. SwapRocket never holds your funds. The provider that executes the swap receives your deposit, holds it only for the duration of the swap, and sends ONDO to the wallet address you provide.

Which network does ONDO use here?

SwapRocket supports Ondo on the ERC20 network. Always double-check that your receiving wallet supports this network before confirming.

What fees apply when I swap ONDO?

SwapRocket adds no fee or markup to the provider's quote and may earn a commission from the provider on a completed swap. The provider's spread and any network cost it deducts on delivery are already reflected in the ONDO amount shown; the network fee your own wallet charges to send the deposit is separate. Spreads vary by provider, pair and size, so compare the quoted receive amount.

More on fees, limits, KYC and timing: read the full crypto swap FAQ.