RWA-themed tokens, this concept should still be popular in 2026. $ONDO This project has also attracted significant capital attention and is considered a star project.

However, a good project and token price are two different things. Pay attention to tokenomics and whether the project's revenue can feedback into the token price.
The real issue with ONDO is not the project itself, but the token.
Currently, the positioning of this token is essentially a governance token, without a clear and direct value capture mechanism. It is not strongly linked to Ondo's actual asset size, income, or cash flow. In other words, even if Ondo successfully tokenizes US bonds and US stocks on a large scale in the future, success at the project level may not naturally translate into the token price. This is a structural problem left over from many Web3 projects in the last cycle: a good project fundamentals do not necessarily mean the token is a good financial asset.
Next, it mainly depends on whether the project team can empower the ONDO token, just like how the UNI team empowered UNI. If the project's revenue is strongly correlated with the token price, it can be bought at the bottom and held long-term. Conversely, if holders only have a so-called voting right, they can sell during a rebound.