ONDO's Total Value Locked (TVL) has surged to a record $1.826 billion, according to DefiLlama, marking a threefold increase since early 2025. This milestone comes despite the cryptocurrency's price sliding toward a key demand zone. Over the past eight weeks, ONDO holders have seen revenue exceed $1 million six times, with annualized fees topping $55 million. Despite being listed by Grayscale as a promising crypto alongside Aave Protocol and Aerodrome, ONDO's price has been declining, breaking key support levels and trading near $0.50. The price is now nearing a strategic accumulation zone between $0.54 and $0.58, which could potentially reverse losses if buying interest increases.