SPDR S&P 500 ETF (Ondo Tokenized ETF) SPYON
The SPDR S&P 500 ETF (Ondo Tokenized ETF) leads in market ecosystem and roadmap delivery, with security and compliance remaining the main focus, currently holding a solid D- rating.
Rating updated 2026-08-06
D-20.18 / 100
Sector Rank #902 · Global Rank #1678
Overall Rating
D- · 20.18 / 100Roadmap Delivery
37.5
Tokenomics
7.2
Team Governance
30
Market Ecosystem
40.63
Security & Compliance
0
Overall Score
20.18
SPDR S&P 500 ETF (Ondo Tokenized ETF) has an overall rating D-f D (total score 20.18), ranking highly in six dimensions for market ecosystem, roadmap delivery, and team governance. The main point of deduction is safety compliance (0 points)—mainly affected by regulatory compliance (0 points), multiple-entry ratio (0 points), and other sub-items.
Rating Team Conclusion: "The SPDR S&P 500 ETF (Ondo Tokenized ETF) has relative advantages in market ecosystem, roadmap delivery, and team governance, but its current shortcomings are mainly in security and compliance." " It is recommended to observe cautiously and not use it as a core configuration basis for now.
Six-Dimension Rating Breakdown
Roadmap Delivery
37.25/100Roadmap On Time Delivery Rate?Lack of publicly available roadmap delivery data.Weight 35%35 / 100 · 35 / 100
Last 4 upgrades achieved?There is a lack of public information on recent upgrade deliveries.Weight 30%35 / 100 · 35 / 100
Milestones to Deliver?No public information about pending delivery milestones.Weight 20%35 / 100 · 35 / 100
History Extension Record?Lack of public information on historical deferral records.Weight 15%50 / 100 · 50 / 100
Technical Implementation
46.5/100Consensus Mechanism?It relies on mature chains such as Ethereum, BSC, and Solana.Weight 30%70 / 100 · 70 / 100
Main network years of operation?The project has been online for a short time and historical data is limited.Weight 15%20 / 100 · 20 / 100
Recent upgrades?There is a lack of public information on the quality of recent upgrades.Weight 35%30 / 100 · 30 / 100
Client Diversity?As a token, it relies on the client-side diversity of the underlying chain.Weight 20%60 / 100 · 60 / 100
Tokenomics
9/100Deflationary Mechanism?No clear token deflationary mechanism was found.Weight 30%0 / 100 · 0 / 100
Inflation rate?As a tokenized ETF, the supply should be tied to the underlying asset.Weight 25%20 / 100 · 20 / 100
Staking rate/position lock-up rate?No staking or hedging mechanisms were found.Weight 25%0 / 100 · 0 / 100
Supply Upper Limit?Supply is linked to underlying assets, with a non-fixed hard top.Weight 20%20 / 100 · 20 / 100
Team Governance
31/100Core Development Team?Core team background and VC endorsement scores are relatively low.Weight 30%30 / 100 · 30 / 100
Governance mechanisms?The project is a centralized tokenized ETF and lacks decentralized governance.Weight 25%40 / 100 · 40 / 100
Financial Transparency?Lack of public information related to financial transparency.Weight 25%40 / 100 · 40 / 100
Concentration of key people?The top ten non-treasury addresses have extremely high coin holding ratios.Weight 20%10 / 100 · 10 / 100
Market Ecosystem
40.38/100Active Address?The daily number of active addresses is average.Weight 30%53 / 100 · 52.94 / 100
Ecological chain/L2 quantity?Supports multiple mainstream public chains with good scalability.Weight 25%70 / 100 · 70 / 100
DeFi TVL?Non-DeFi projects, TVL data is not applicable, and integration is low.Weight 25%20 / 100 · 20 / 100
Developer community?Lack of public developer community activities.Weight 20%10 / 100 · 10 / 100
Security & Compliance
0/100Historical Major Failure?There is backdoor code, which carries extremely high potential risks.Weight 25%0 / 100 · 0 / 100
Regulatory Attitude?Security issues with smart contracts may influence regulatory attitudes.Weight 30%0 / 100 · 0 / 100
Sec Attitude?Security issues with smart contracts may influence the SEC's stance.Weight 30%0 / 100 · 0 / 100
Client Bug Frequency?The contract contains backdoor code, posing extremely high security risks.Weight 15%0 / 100 · 0 / 100
D- Peer Comparison
Export CSV| SPDR S&P 500 ETF (Ondo Tokenized ETF)D- · 20.18 |  RogueD- · 26.66 |  GaiAID- · 26.65 |  Artificial Superintelligence AllianceD- · 26.64 | |
|---|---|---|---|---|
| Overall Score | 20.18 | 26.66 | 26.65 | 26.64 |
| Roadmap Delivery | 37.5 | 37.5 | 37.5 | 37.5 |
| Technical Implementation | -- | -- | -- | -- |
| Tokenomics | 7.2 | 0 | 0 | 0 |
| Team Governance | 30 | 30 | 56 | 70.72 |
| Market Ecosystem | 40.63 | 9.63 | 59.98 | 51.84 |
| Security & Compliance | 0 | 51.75 | 0 | 0 |
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