Ondo Finance has achieved a total value locked (TVL) of $2.52 billion, driven by its growth in real-world asset (RWA) tokenization. The protocol, founded by former Goldman Sachs associate Nathan Allman, has been gaining traction by tokenizing assets like U.S. Treasuries and equities. Backed by Coinbase Ventures and Pantera Capital, Ondo Finance is expanding its influence in institutional-grade finance. A significant development for Ondo is the pending DAO "fee switch" proposal, which could transform the ONDO token into a yield-bearing asset by directing protocol revenue to holders. This proposal has captured traders' attention, alongside a technical breakout that saw ONDO's price rise above long-term descending resistance. The token is currently consolidating near $0.39, with potential resistance targets at $0.55 and $1.15.