coin-img-ETHETH-0.25%coin-img-BTCBTC-0.35%coin-img-SOLSOL-0.76%coin-img-XRPXRP+0.61%coin-img-USDCUSDC+0.00%coin-img-FLYAIFLYAI+8,097.60%coin-img-AAVEAAVE+1.50%coin-img-TRXTRX+1.07%coin-img-ETHETH-0.25%coin-img-BTCBTC-0.35%coin-img-SOLSOL-0.76%coin-img-XRPXRP+0.61%coin-img-USDCUSDC+0.00%coin-img-FLYAIFLYAI+8,097.60%coin-img-AAVEAAVE+1.50%coin-img-TRXTRX+1.07%coin-img-ETHETH-0.25%coin-img-BTCBTC-0.35%coin-img-SOLSOL-0.76%coin-img-XRPXRP+0.61%coin-img-USDCUSDC+0.00%coin-img-FLYAIFLYAI+8,097.60%coin-img-AAVEAAVE+1.50%coin-img-TRXTRX+1.07%coin-img-ETHETH-0.25%coin-img-BTCBTC-0.35%coin-img-SOLSOL-0.76%coin-img-XRPXRP+0.61%coin-img-USDCUSDC+0.00%coin-img-FLYAIFLYAI+8,097.60%coin-img-AAVEAAVE+1.50%coin-img-TRXTRX+1.07%
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Arnne Carragie

Why is Ondo (ONDO) up 11.37% Today, July 22, 2026? Tokenized Stock Collateral Extends Its Perps Liquidity Thesis

AI Market Summary
ONDO outperformed after Ondo Perps enabled tokenized SPY and QQQ exposure (SPYon, QQQon) as collateral, linking RWA equity tokens to perpetuals margin and improving capital efficiency for traders and market makers. The move was supported by elevated spot volume (~$225M) versus prior sessions. With TVL broadly flat over a week, near-term focus shifts to measurable uptake: collateral deposits, perp liquidity, spreads, and sustained activity.
Impact level
● Medium
Affected assets
ONDO/USDT+1.83%
AI Insight · ONDO/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ONDO gains 11.37% to USD 0.4017 as Ondo Perps accepts tokenized SPY and QQQ exposure as collateral. Volume reaches USD 224.6M.
ONDO
ONDO+1.90%
SPYON
SPYON-0.06%
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