Token goods approach $4 billion, with gold still at an all-time high

Blockchain-based tokenized commodities are approaching the $4 billion mark, following all-time highs reached by the world’s leading precious metals.

Gold, silver and platinum prices hit record highs on Friday, with the spot gold price rising to $4,530 per ounce. TradingView Show data. Silver, which is not currently a major contributor to the tokenized commodity market, briefly touched an all-time high of $74.56 per ounce.

Tokenized goods rose 11% in the month leading up to Friday, reaching $3.93 billion, According to to the data collector RWA.xyz. gold rope (XAUt(as the largest tokenized commodity with a value of $1.74 billion, followed by Paxos Gold)PAXG) in the amount of $1.61 billion.

Tokenized precious metals can be moved and traded outside of traditional market hours, although pricing, liquidity and redemption remain tied to legacy infrastructure.

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Token goods are part of the broader Real Assets (RWA) sector, which involves issuing blockchain-based representations of traditional assets to enable faster settlement and fractional ownership.

Investment bank Standard Chartered expects token RWAs (excluding stablecoins) to rise. $2 trillion by 2028With $250 billion expected to flow into “less liquid” investments such as private equity and commodities.

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Ethereum accounts for the lion’s share of RWA token growth

Ethereum stands out as the most popular blockchain network for tokenized RWAs.

It commands a 65% market share of token RWAs worth $12.7 billion, while BNB Chain takes second place with a 10.5% share or $1.85 billion of data from RWA.xyz He appears.

The growth in tokenization could contribute to increased blockchain activity and transaction fees on Ethereum.

However, blockchain data shows that tokenization of traditional financial assets still represents a relatively small share of onchain activity compared to more established use cases such as stablecoins and fungible token trading.

Ethereum ranked fourth in terms of total transaction fees over the past 30 days, generating $11.41 million, according to data from cryptocurrency intelligence platform Ethereum. Nansen.

The TRON network, where stablecoin activity dominates, ranked first with fees of $29.5 million. BNB Chain and Solana ranked second and third respectively. These two blockchains are very popular for token launches and retail trading activities.

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