Aptos and Bittensor surge as Ondo Finance reshapes tokenized stock trading
Aptos and Bittensor surge as Ondo Finance reshapes tokenized stock trading
Aptos and Bittensor surge as Ondo Finance reshapes tokenized stock trading
Cryptocurrency markets saw sharp movements on March 23, with Aptos and Bittensor making notable gains. Aptos surged over 12% in a single day, while Bittensor tested the $300 mark after a 66% climb from its March lows. Meanwhile, Ondo Finance expanded its dominance in tokenized stocks with a new retail-focused platform. Aptos climbed past $1.07 on March 23, marking a 12% jump in value. Trading volume spiked by over 180%, reaching more than $211 million. However, questions soon arose about whether the rally could hold, given on-chain data casting doubt on its long-term sustainability.
Bittensor also saw strong momentum, testing the $300 level after rising over 66% from its earlier March lows. Analysts noted the milestone as significant, though many argued that even major catalysts were already factored into its price. In tokenized assets, Ondo Finance and Glider launched a platform allowing retail investors to build custom, automatically rebalanced portfolios of tokenized US stocks. The system uses direct indexing, holding underlying assets individually rather than as bundled funds. This approach enables after-hours trading and taps into native liquidity, features previously limited to high-net-worth investors. Since the platform's early 2026 debut, Ondo Finance's market share in tokenized US stocks has surged from 15% to 32% by March 2026. The growth outpaced competitors like BlackRock's BUIDL (25%) and Franklin Templeton (18%), driven by lower fees and faster settlement times. Ondo now controls 58% of the $908 million tokenized stock market. Elsewhere, DeepSnitch AI announced plans to go fully public on March 31. Most price predictions for its token suggest a potential 200x increase, though no trading data yet confirms such projections.
Aptos and Bittensor both experienced sharp price movements, though sustainability concerns remain. Ondo Finance's new platform has reshaped the tokenized stock market, pulling in retail investors with lower costs and greater flexibility. The next major event will be DeepSnitch AI's public launch, with expectations set high for its market debut.