On the Ethereum chain, tokenized gold is booming! The total amount has soared to 2.4 billion USD, skyrocketing by 100% this year.

According to PANews, Token Terminal data brings shocking news: the total amount of tokenized gold on the Ethereum chain has now climbed to approximately 2.4 billion USD, with supply nearly crazily increasing by about 100% from the beginning of the year to now. This phenomenon undoubtedly injects a shot of adrenaline into the field of integration between cryptocurrency and traditional finance, attracting the attention of global investors.

In this wave of tokenized gold, PAXG and XAUT have become the undisputed protagonists. PAXG is launched by the US licensed fintech company Paxos, with each PAXG representing 1 ounce of London standard gold. Through verifiable gold bar serial numbers and custody data, users can easily query asset corresponding information on the chain, and its compliance and transparency are highly recognized. Moreover, PAXG actively embraces DeFi and has been integrated into multiple DeFi protocols such as Aave and Uniswap, fully unleashing the compound value of gold assets on the chain.

XAUT, on the other hand, is launched by stablecoin giant Tether, pegged to standard gold bars in the London gold market, with each XAUT corresponding to 1 ounce of physical gold held in Switzerland. Relying on the strong Bitfinex ecosystem behind Tether, XAUT demonstrates first-mover advantages in liquidity, trading channels, and stability. Even though there are some controversies regarding disclosure and transparency, it does not affect its important position in the market at all.

The two are competing with each other while also working together to promote the continuous expansion of gold asset scale on the Ethereum chain, allowing tokenized gold to gradually move from the margins of financial innovation to the center stage. In the past, investors wanting to invest in gold had to either purchase physical gold, facing storage and transportation challenges, or invest in gold futures or gold ETFs, but were limited by trading hours and complex trading rules. Now, the emergence of tokenized gold allows investors to conveniently hold gold in the blockchain world, enjoy uninterrupted trading 24/7, and easily participate in various DeFi applications to achieve flexible asset allocation.

With the continued popularity of the tokenized market on the Ethereum chain, more and more institutions are paying attention to Musk's little puppy puppies. Will the strongest concept dog on the Ethereum chain be the next ten-thousand-fold coin! $ETH $DOGE $WLFI #山寨币市场回暖 #RWA总规模持续增长 #美联储降息预期