Ondo Finance launches Ondo Network: a new execution layer and perp-DEX debut
Ondo Finance, known for its tokenized real-world assets (RWAs), has officially introduced Ondo Network — a specialized execution layer for financial markets. This infrastructure replaces the previously announced Ondo Chain, offering a more flexible and technologically advanced solution.
At the core of Ondo Network lies an architecture combining secure hardware enclaves (TEEs) for fast and confidential transaction execution. This significantly reduces latency and enhances transaction privacy, which is critical for institutional participants. A decentralized set of attestors is used to verify executed code and store keys, ensuring a high level of security and transparency.
First product on the new infrastructure: Ondo Perps
The first application deployed on Ondo Network is a perpetual futures platform — Ondo Perps. This is a specialized DEX (decentralized exchange) focused on trading perpetual contracts. The launch of a perp-DEX on this layer is no coincidence: low latency and execution privacy make Ondo Network an ideal environment for high-frequency derivatives trading.
Expert perspective: The shift from a full-fledged blockchain to an execution layer with hardware enclaves is a pragmatic decision. Ondo Finance is clearly betting on speed and confidentiality rather than decentralization for its own sake. If Ondo Perps demonstrates high liquidity and low slippage, it could pose a serious challenge to traditional perp-DEXs based on L2 solutions. However, the key risk remains the reliance on the security of hardware enclaves and centralized attestors — if one node is compromised, trust in the network could be undermined.