| Metric | ONDO | HYPE |
|---|---|---|
| Institutional Score | 53/100 | 52/100 |
| Overall Rank | #11 | #12 |
| Archetype | Bank Infrastructure | ETF Play |
| Named Institutions | 5 | 5 |
| Spot ETF Status | filed | filed |
| Data Confidence | medium | medium |
Ondo Finance (ONDO) holds a TokenSonar institutional adoption score of 53/100, ranking #11 of 27 tracked cryptocurrencies. Tracked institutional partners include BlackRock (via BUIDL), JPMorgan, Mastercard, State Street, Galaxy Asset Management.
Hyperliquid (HYPE) holds a TokenSonar institutional adoption score of 52/100, ranking #12. Tracked institutional partners include Coinbase, Circle, Paradigm, Ripple Prime, Komainu.
Ondo Finance (53/100) and Hyperliquid (52/100) are closely matched on institutional adoption. Ondo Finance is classified as a Bank Infrastructure play while Hyperliquid is a ETF Play play — so the better fit depends on which institutional thesis you're tracking rather than a clear adoption gap. Scores update twice daily based on regulatory filings, named bank deployments, ETF flows, and on-chain RWA data — not price action.