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The cryptocurrency gold market surpasses $3.9 billion - a new record is set
In the past 30 days, the digital asset sector linked to gold has experienced remarkable growth, with the total market value reaching $3.9 billion. This figure marks a significant step forward in promoting alternative products to traditional assets on the blockchain.
Growth rate of approximately $3 billion since this year
Since the beginning of the year, the tokenized gold market has seen an increase of nearly $3 billion, corresponding to an 11.5% growth in just the past month. This growth momentum reflects the increasing confidence of investors in digitized assets backed by precious metals.
Tokenized gold dominates the market
Gold remains the fastest-growing asset capturing over 80% of the total capitalization in the digital commodities market. This dominance indicates a clear preference among investors for traditional assets that are digitized, especially gold.
Tether Gold and Paxos Gold lead the market
Among notable products, Paxos Gold is valued at $1.6 billion, while Tether Gold reaches a valuation of $1.7 billion. These two products demonstrate lively competition and continuous growth in the digital gold market.