Ondo Finance [ONDO] is on the verge of clearing all July losses. The altcoin rebounded from a $0.37 slip, successfully held $0.4, and touched a local high of $0.41.

As of this writing, ONDO was trading around $0.406, after slightly rising by 5.6% on the daily charts. Over the same period, the altcoin’s trading volume surged by 55% to $123 million, indicating growing market participation. 

ONDO Futures outpaces Spot amid high-risk appetite

ONDO’s  price hike, although triggered by a shift in the broader market sentiment, has also seen traders show greater demand for leveraged bets. Trader Sarosh noted that ONDO’s Futures activity remains larger than zSpot. This suggests that traders are willing to take leveraged exposure.

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