Data: As the crypto market drops over 21%, the tokenized gold protocol rises up to 62%

PAXG0,43%
XAUT0,76%
ONDO-5,15%
BTC-2,19%

ChainCatcher News: Due to geopolitical turmoil and U.S. tariff policies, gold prices continue to hit record highs in 2026. At the end of January this year, gold briefly reached $5,417 per ounce and has recently remained above $5,000. The strong performance of gold has driven rapid growth in tokenized gold protocols: according to DefiLlama data, Tether Gold has increased 62% year-to-date to $3.7 billion, and Paxos Gold has grown 48% to $2.4 billion. Broader tokenization platforms Ondo Finance and Securitize also saw double-digit growth.

In contrast, the overall crypto market remains under pressure, with global market capitalization down over 21% since January 1. Bitcoin has even wiped out all its gains since Donald Trump was elected in 2024. Leading DeFi platform Aave’s deposits have shrunk by more than 19%.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

ETH drops below 1950 USDT

Gate News bot message, Gate market display, ETH drops below 1950 USDT, current price 1949.08 USDT.

CryptoRadar1h ago

PEPE Jumps 2.3% With $337M Volume Surge — Is $0.054135 the Next Breakout Trigger?

PEPE gained 2.3% in 24 hours, trading at $0.053997 while holding above $0.053884 support. Price is testing resistance at $0.054135 and $0.00000410–$0.00000416, with volume up 8.16%. Market cap rose to $1.65B, while longs built near $0.00000380 after shorts were

CryptoNewsLand1h ago

PEPE Holds $0.053796 Support After 12% Drop Amid $580M Trading Spike

PEPE experienced a 12.27% price drop to $0.053803 in the last 24 hours, with trading volume rising 26.92% to $580.39 million. The token's support and resistance levels are $0.053796 and $0.05438, respectively, indicating its current trading range.

CryptoNewsLand2h ago

Michael Saylor Plans to Permanently Burn 17,000 Bitcoin

Michael Saylor plans to permanently destroy access to over 17,000 Bitcoin, emphasizing alignment with Bitcoin's core principles of sovereignty and property rights. Meanwhile, his company, Strategy, raised its STRC dividend rate to 11.50%, potentially funding more Bitcoin acquisitions.

CryptoFrontNews2h ago

VIRTUAL Surges 23% After Channel Break — Can $0.7168 Turn Support?

VIRTUAL broke above a 4H descending channel with a strong impulsive candle. Price moved past the $0.7168 resistance, trading at $0.7186 near the range high. $0.62 marks the breakout zone, while $0.5778 defines the 24-hour support floor. Virtuals Protocol’s VIRTUAL token climbed sharply t

CryptoNewsLand3h ago

BTC drops below 66,000 USDT

Gate News bot message, Gate market display, BTC drops below 66,000 USDT, current price 65,892.5 USDT.

CryptoRadar4h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)