Ondo Finance, a platform supported by Pantera Capital, experienced a significant surge in the value of its ONDO token, climbing nearly 20% to reach $1.15 on May 24, 2024. This surge was largely attributed to Coinbase listing ONDO on its perpetual market. The ONDO token's market capitalization surpassed $1.6 billion, with a peak TVL of $453 million on May 21. Large transaction volumes for ONDO increased by 52.3%, with most holders in a profitable position. The price of ONDO fluctuated between $0.97 and $0.69 before breaking out with a 10% rally to $1.05. The approval of spot Ethereum ETFs by the SEC also contributed to ONDO's performance. Coinbase's addition of ONDO to its perpetual market further fueled the rally. Market traders have issued bullish calls for ONDO, considering it a promising investment option. Read more AI-generated news on: https://app.chaingpt.org/news