Ondo Finance (ONDO) Price: Token Jumps 12% as Ondo Network Launches
TLDR
- Ondo Finance launched Ondo Network, a new execution layer replacing Ondo Chain
- The network separates execution, validation, and settlement for faster, private trading
- Ondo Perps is the first live app, offering 24/7 stock and commodity perpetual futures
- Asset transfers currently settle on Ethereum; more blockchains are planned
- The ONDO token remains the governance and incentive token; no role change announced
Ondo Finance has launched Ondo Network, a new execution layer built to combine centralized exchange-like speed with non-custodial, onchain settlement. CEO Ian De Bode announced it publicly for the first time this week.
Introducing the Ondo Network, the execution layer for open financial markets, and the evolution of our vision for Ondo Chain.
Fast and private like a CEX. Verifiable like a blockchain. Non-custodial in design.
How it works:
→ Enclaves for private, high-speed execution
→… pic.twitter.com/EQZkX2OWF3- Ondo Finance (@Ondo) July 27, 2026
De Bode described the Ondo Network as the “evolution” of Ondo Chain, the company’s previous blockchain project. He confirmed Ondo will not run both networks at the same time.
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