Post by Augustine Chiagozie (@pabloexchange)

🫶 Ondo Finance Drops L1 Blockchain for Private Network

Ondo Finance has dropped plans for its L1 blockchain, Ondo Chain, and launched Ondo Network, a private network for institutional trading.

Trades on Ondo Network execute privately, with settlements on public blockchains, ensuring speed and confidentiality without losing blockchain benefits. Its first product is Ondo Perps.

The network will add spot trading, lending, and more financial products.

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