While risk assets, including cryptocurrencies, have struggled to struggle in pricing uncertainties, tokenized gold is again emerged as an outperformator in carnage.
The market capitalization of golden back tokens inflated to just under $ 2 billion on Wednesday, up 5.7% in the last 24 hours, according to Coingecko data. The climb coincided with the yellow metal briefly affecting a new little time more than $ 3,170 / Oz, according to TradingView.
In addition to the price rally, gold tokens have experienced a frenzy of activity and demand in recent weeks, fueled by broader market disorders. The weekly gold trading volume has exceeded $ 1 billion, the highest since the American banking turmoil in March 2023, according to a report by the CEX.IO.
The two largest tokens, Paxos Gold (Paxg), Tether Gold (XAUT), making up most of the tokenized gold market, saw their weekly trading volumes increase by more than 900% and 300%, respectively, since January 20, according to the report citing Coingecko data. PAXG also experienced continuous entries totaling $ 63 million during this period, according to Defilma data.
The rally follows the wider earnings of physical gold, which displayed two -digit increases in 2025 in the midst of geopolitical uncertainty and inflation problems. However, even gold was not spared during the market -scale sale launched by the American prices, the prices falling briefly by 6% before recovering quickly for record.
Since the inauguration of Trump, Tokenized gold has been one of the most efficient sectors of the crypto, with its market capitalization up 21%, noted the report. On the other hand, the Stablecoins won an 8% more modest in market capitalization, while Bitcoin decreased by 19% and the total cryptography market lost 26%.
“Tokenized gold is becoming one of the main diversification strategies among cryptocurrency users, alongside Bitcoin,” wrote Alexandr Kerya, vice-president of product management at Cex.io. “It provides a safer and more stable approach to portfolio management, allowing users to stay in the cryptographic ecosystem while benefiting from the value and stability of the underlying physical asset.”
“At the same time, RWA’s broader story helps make exposure to gold more accessible and intuitive for users who may not have considered it before,” added Kerya.
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