# SPDR S&P 500 ETF (Ondo Tokenized) (SPYON): D-Score 46/100 — Moderately Decentralized

**BlockIndex D-Score: 46/100 (Moderately Decentralized).** SPDR S&P 500 ETF (Ondo Tokenized) (SPYON) is a Layer 2 cryptocurrency using Other consensus. SPYON: Ondo-associated tokenized SPDR S&P 500 ETF asset tracked with limited verified market and ecosystem data.

_Source: https://blockindex.ai/coin/spyon · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 46 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 16 |
| Age and history | 5 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other
- Founder: N/A
- VC funded: No
- Max supply: N/A
- Circulating: 55,843

## Market data (as of 2026-06-19)
- Price: $748.83
- Market cap: $41.82M
- 24h volume: $1.41M
- 24h change: -0.07% · 7d change: +0.86%

## About
SPDR S&P 500 ETF (Ondo Tokenized), traded under the ticker SPYON, is described in the supplied source material as a tokenized version of the SPDR S&P 500 ETF associated with Ondo. The available evidence is narrow and market-data oriented rather than technical or issuer-documentation oriented. CryptoCompare provides the clearest SPYON-specific profile, identifying the asset name and ticker and showing live-style market figures such as price, market capitalization, trading volume, 24-hour range, and page follower count. The source files do not provide a launch date, official website, whitepaper, founder history, corporate documentation, or formal tokenization terms beyond the asset name's Ondo association.

SPYON is best classified from the provided material as a tokenized real-world asset rather than an independent blockchain. No source-confirmed parent chain, token standard, smart contract address, decimals, consensus mechanism, validator set, node infrastructure, block explorer, or repository is included in the data. Because it is presented as a tokenized ETF asset, mining, staking, native block production, UTXO architecture, and independent chain parameters are not applicable based on the supplied evidence. The source material explicitly avoids inferring the technical architecture or parent network, so the token standard and parent chain remain unknown.

The main confirmed use case is market exposure to the SPDR S&P 500 ETF through a tokenized asset representation. The summary data indicates that SPYON was tracked on CryptoCompare with a quoted price around 756.08 USDT, market capitalization around 42.37 million USDT, and 24-hour volume around 222.48 thousand USDT. Wallet and exchange extraction lists Argent as verified mobile wallet support and Kraken, Bybit, and Bitget as verified centralized exchange venues, though no verified trading pairs were included in the authoritative wallet and exchange section. No decentralized exchange listings, bridge integrations, oracle feeds, analytics platforms, developer tools, or block explorers met the stated confidence threshold.

Tokenomics information is limited. The source material does not provide maximum supply, circulating supply, issuance schedule, pre-mine, public initial percentage, allocation breakdown, redemption mechanics, fees, reserves, custodial structure, or a hard-cap policy. The asset's economic identity is tied to a tokenized ETF concept rather than a native cryptocurrency emission schedule, but the data does not include enough detail to validate how shares or token units are created, redeemed, collateralized, or distributed. Accordingly, distribution and monetary policy fields are left unknown except where explicit default extraction rules apply.

Governance and organizational details are also sparse. Ondo is referenced in the asset name, and the DScore extraction marks company presence as true on that basis, but no CEO, executive team, foundation structure, DAO model, voting mechanism, treasury governance, open-source repository, or roadmap is provided. No SPYON-specific security incidents, regulatory actions, network halts, or enforcement events are documented. The only event in the provided timeline is a 2025 CryptoCompare market data snapshot, which confirms market tracking rather than a protocol launch, upgrade, or security event.

## Links
- Website: N/A
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore