Gold Tokens: Record Rally Spurs $1B Daily Trading Volume

Tokenized gold products achieved a milestone of over $1 billion in daily trading volume, driven by the yellow metal's record surge past $4,300 per ounce in October. This rally was fueled by escalating U.S.-China trade tensions, a U.S. government shutdown, and signs of financial system stress, pushing investors toward gold as a safe-haven asset. A report by CEX.IO indicated that tokenized gold trading volume surpassed that of BlackRock's iShares Gold Trust (IAU) since October 1st. While the tokenized gold sector's total market cap remains small compared to major ETFs like GLD and IAU, its trading velocity is significantly higher (34% volume-to-market-cap ratio versus 5.6% for GLD). This high velocity suggests investors are actively using these 24/7 tradable crypto tokens for positioning and hedging against macro risks, viewing them as an active utility asset within the crypto ecosystem.

(Source：CoinDesk)