Tokenized Gold Dominates Commodities Market With $5B in On-Chain Assets as of May 7

XAUT-0.43%
PAXG-0.39%
RWA-0.59%
XAGUSD-1.51%
According to a16z crypto, as of May 7, tokenized gold dominates the commodities market with approximately $5 billion in on-chain assets, representing the vast majority of the sector's market share. In comparison, tokenized silver holds about $28.1 million, tokenized gold ETF (iShares Gold Trust) $14.1 million, and other commodities combined approximately $2.95 million, according to rwa.xyz data. Products such as Tether Gold (XAUt) and Pax Gold (PAXG) essentially map vault-stored gold ownership to on-chain wallets. Other tokenized assets including oil, agricultural commodities, energy, and computing power remain in very early stages with limited market penetration.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments