I just noticed a quite interesting trend on Ethereum. The RWA market (real-world assets that are tokenized) has grown stronger than I expected, especially in the digitized gold segment.



According to the latest data, the RWA market cap on Ethereum has surpassed $15 billion, accounting for nearly 60% of the entire global RWA market. The most notable point is that tokenized gold is becoming the main driving force, with a total value exceeding $4 billion.

The two leading products are XAUT (Tether Gold) and PAXG (Paxos Gold). XAUT is backed by physical gold stored in Swiss vaults and has the largest market capitalization. PAXG is under direct supervision from NYDFS (New York Department of Financial Services), with each token representing one standard ounce of gold.

What’s interesting here is that tokenized gold combines both worlds: the safety of physical gold and the liquidity of digital assets. It’s no longer a niche product but is now competing directly with mainstream crypto derivatives.

Additionally, chain swap exchanges for gold and silver are also recording record trading volumes recently. It seems the market is trying to connect traditional assets with blockchain in a more practical way.
ETH-0.64%
XAUT-0.37%
PAXG-0.37%
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