RWA leader Ondo has finally taken the step toward becoming a trading platform. Previously, Ondo firmly held the niche of tokenized stock issuance, treating both CEXs and DEXs as downstream distributors. Back then, Ondo aimed to follow Tether's path—focusing solely on asset issuance without engaging in trading, profiting from asset interest. Tether earns from U.S. Treasury bonds, while Ondo earns from dividends. However, as various exchanges started directly connecting with brokers and issuing their own tokenized stocks, Ondo found itself in an awkward position. Now, they've directly entered the game by launching their own PerpDex @OndoPerps. Although they entered the market late, their reputation in the space speaks for itself. Currently, the Beta version has already surpassed $2 billion in cumulative trading volume—a very fast start. Plus, users can directly use tokenized stocks as collateral to open positions, enabling spot + perpetual contract synergy. This week, they’ve launched a $150,000 prize pool, which will be distributed based on trading frequency and holding duration. Feel free to join in You’re welcome to use my referral link to register and enjoy a 5% discount on trading fees: https://app.ondoperps.xyz/?ref=YJ9V3Y