Many people see Ondo's stock tokens being able to handle single trades of $100,000 all at once and think there is a super deep liquidity pool behind it.

Actually, the truth is completely the opposite—there is not that much liquidity on-chain at all.
😂 So how does it do it?
Because it plays a “self-sufficient” trick: USDon. 🧩 Here's a simple explanation of how it operates:
1) Someone buys stock tokens
→ Ondo directly mints stock tokens based on demand
→ Then uses their own minted USDon as a “bridge”
→ No external pools are needed throughout the process because both assets are controlled by themselves. The real effect is:
“I print my own money, I print my own stock tokens, I provide liquidity for myself.”
In theory, liquidity = infinite, and any size order can be handled.
2) Someone sells stock tokens
→ Stock tokens are destroyed first
→ Ondo exchanges them for equivalent value USDon based on oracle prices
→ Then swaps USDon for the actual on-chain assets the user wants. The entire process is clean, direct, with low slippage, making the experience far more user-friendly than typical on-chain swaps.
📌 In one sentence:
Ondo is solving the RWA liquidity problem with an “internal currency system.” The single trade limit of $100,000 is actually enough for ordinary users.
If even this level of solution can't handle enough trading volume… it may indicate that the ceiling for the RWA stock token track is just like this, and other projects might find it even harder to compete.
#Ondo #RWA #代币化资产 #USDon