According to CoinMeta, Ondo Finance is quietly establishing its position in the rapidly growing market for tokenized real assets, despite the fact that the ONDO token is still far below its historical high. According to RWA.xyz data, the tokenized RWA market has reached $38.14 billion, with Ondo accounting for about $3.61 billion, which is approximately 9.5% of the market. The biggest advantage of Ondo lies in its tokenized stocks, with a market share estimated to be between 58% and 70%. Despite the strong growth of RWA, Ondo still faces pressure, with current trading prices ranging between $0.33 and $0.35, which is about 85% of its historical high of $2.15. Analysts point out that investors should pay attention to the growth of holders, rather than just TVL. The number of holders of the assets issued by Ondo has exceeded 228,000, with tokenized stocks accounting for 80.2%.