| Metric | HYPE | ONDO |
|---|---|---|
| Institutional Score | 57/100 | 53/100 |
| Overall Rank | #10 | #12 |
| Archetype | ETF Play | Bank Infrastructure |
| Named Institutions | 5 | 5 |
| Spot ETF Status | filed | filed |
| Data Confidence | medium | medium |
Hyperliquid (HYPE) holds a TokenSonar institutional adoption score of 57/100, ranking #10 of 27 tracked cryptocurrencies. Tracked institutional partners include Coinbase, Circle, Paradigm, Ripple Prime, Komainu.
Ondo Finance (ONDO) holds a TokenSonar institutional adoption score of 53/100, ranking #12. Tracked institutional partners include BlackRock (via BUIDL), JPMorgan, Mastercard, State Street, Galaxy Asset Management.
Hyperliquid leads with an institutional adoption score of 57/100 (rank #10), ahead of Ondo Finance at 53/100 (rank #12). Hyperliquid's stronger standing reflects its ETF Play profile and 5 tracked institutional signals, versus 5 for Ondo Finance. Scores update twice daily based on regulatory filings, named bank deployments, ETF flows, and on-chain RWA data — not price action.