As risk assets, including cryptocurrencies, fought on Thursday in the midst of tariff uncertainties, tokenized gold once again emerged as a higher performance in butcher shop.
The market capitalization of the tokens backed by Gold increased just under $ 2 billion on Wednesday, 5.7% more in the last 24 hours, according to Coingcko data. The ascent coincided with the yellow metal touching a new one all time above $ 3,170/OZ, according to TradingView.
Together with the price rally, the gold chips experienced a frenzy of activity and demand in recent weeks, driven by the broader agitation of the market. The weekly tokenized gold negotiation volume exceeded $ 1 billion, the highest from the American banking agitation of March 2023, according to a report by Digital Asset Platform Cex.io.
The two largest tokens, Paxos Gold (Paxg), Tether Gold (Xaut), which constitute most of the tokenized gold market, saw that their weekly negotiation volumes increased more than 900% and 300%, respectively, since January 20, according to the report citing Coingcko data. Paxg also experienced continuous tickets for a total of $ 63 million during this period, as shown in defillion data.
The rally tracks the widest profits in physical gold, which recorded two -digit increases in 2025 amid geopolitical uncertainty and inflation concerns. However, even gold was not saved during the sale of sales from the entire market triggered by US tariffs, and prices briefly fell 6% before recovering rapidly to register maximums.
Since the inauguration of Trump, the Tokenized Gold has been one of the best performance sectors of Crypto, with its market limit 21%, the report said. On the contrary, Stablecoins won 8% more modest in market capitalization, while Bitcoin decreased by 19% and the total cryptography market lost 26%.
“Tokenized gold is emerging as one of the key diversification strategies among crypto-national users, together with Bitcoin,” wrote Alexandr Kerya, vice president of product management in CEX.io. “It provides a safer and stable approach to the management of the portfolio, which allows users to remain within the cryptographic ecosystem and benefit from the value and stability of the underlying physical asset.”
“At the same time, RWA’s broader narrative helps the exposure of gold to be more accessible and intuitive for users who may not have considered it before,” Kerya added.
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