Tokenized gold surpasses $3.9 billion, traditional asset on-chain trading is becoming a trend

【Chain Wen】Global precious metal prices hit a record high, and this wave has also reached the blockchain.

According to the latest statistics from the RWA data platform, the tokenized commodity market has approached a scale of $4 billion. In just the past month, this sector has grown by 11%, currently reaching $3.93 billion. What does this indicate? It shows that more and more people are starting to bring real assets onto the chain.

Among them, Tether Gold (XAUt) is leading the pack, with a market capitalization of $1.74 billion, almost half of the entire market. Following closely is Paxos Gold (PAXG), which, although slightly smaller, also has a scale of $1.61 billion. These two projects almost dominate the tokenized precious metals ecosystem.

Why has this sector suddenly become popular? The core advantage is clear: on-chain trading is not limited by traditional market trading hours, allowing 24/7 trading and transfers, which is a huge convenience for global investors. You don’t have to wait for New York to open; you can trade whenever you want.

But frankly, current RWAs are not fully independent yet. Pricing power, liquidity depth, physical redemption, and other aspects still rely on traditional financial infrastructure. In other words, it’s still a hybrid of traditional assets and blockchain; true full decentralization is still a distance away. However, this transitional phase itself is very imaginative.

XAUT0,62%
PAXG0,76%
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WhaleInTrainingvip
· 18h ago
Wow, XAUt is almost 2 billion. This wave of RWA really isn't bragging --- The matter of gold on the chain is becoming more and more like traditional institutions --- Trade anytime in 24 hours? Oh my sister, this is the freedom I want --- XAUt dominates the scene, Tether's move is quite steady --- Wait, tokenized gold makes so much money? Why didn't anyone tell me earlier --- Half of the market is monopolized by two projects, and the market doesn't seem that fragmented --- Real assets on the chain are indeed the trend, but this speed is a bit frightening
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SighingCashiervip
· 18h ago
A scale of 4 billion dollars? It still feels a bit small. Tether's dominance is a bit boring.
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DataBartendervip
· 18h ago
Hey, XAUt is almost 2 billion? Traditional finance should really be panicking haha On-chain gold has long been ready for widespread adoption, trading anytime 24/7, who still waits for exchanges to open? PAXG and XAUt dominate the market, other projects have no chance... feels a bit like a monopoly Tokenizing gold is indeed impressive, but the real RWA (Real World Asset) track has just begun Decentralized gold trading... sounds good, but how to solve the trust issue? An 11% monthly increase is indeed exaggerated. If this pace continues...
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mev_me_maybevip
· 18h ago
Gold on the blockchain has really arrived, and XAUt saw a crazy surge in those two months... But speaking of which, 3.9 billion compared to the traditional precious metals market is still just a small feat.
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SignatureAnxietyvip
· 18h ago
Wow, XAUt is already 1.7 billion? They're really trying to take Tether's market share. Oh my, everything now is being tokenized, is the next step real estate? 24-hour trading sounds great, but I'm just worried about a sudden plunge in the middle of the night, losing sleep. Getting gold on the chain doesn't seem that appealing; it's probably faster just to trade cryptocurrencies directly. This wave of trending sectors is a bit inexplicable; what are the investors throwing money around thinking? It feels like traditional finance is coming in to disrupt the market; retail investors need to be more cautious.
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MetaverseLandlordvip
· 18h ago
Wow, XAUt has already reached 1.7 billion? It seems traditional finance can't sit still anymore.
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TestnetNomadvip
· 18h ago
Wow, 3.9 billion. XAUt, this guy really likes to keep everything for himself, almost taking up half.
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