The trading volume of tokenized gold has reached a record level of $1 billion, surpassing this milestone for the first time since March 2023. This is linked to the search for safe assets amidst global economic uncertainty.
Historic Trading Volume of Tokenized Gold
Recently, the trading volume of tokenized gold reached its highest level in two years. This occurred amidst economic turmoil including the collapse of Silicon Valley Bank and the liquidation of Silvergate Bank.
Increase in Interest for Tokenized Gold
Trading interest in tokenized gold has grown significantly since early February. President Trump's tariff announcement became a catalyst for increased trading volumes. Trading volumes for tokens like Paxos Gold (PAXG), Tether Gold (XAUT), and Kinesis Gold (KAU) saw dramatic increases.
Market for Precious Metals and Asset Tokenization
The growth in tokenized gold coincides with other developments within Bitcoin DeFi. Meanwhile, physical gold has also reached new price highs, trading above $3,100 per ounce, significantly outperforming Bitcoin's market dynamics.
Thus, tokenized gold continues to gain popularity as an alternative to traditional investment assets, especially under conditions of economic uncertainty.
