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

PAXG0,59%
XAUT0,16%
ONDO4,04%
BTC2,56%

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

Trump confirms Hamas leader killed, Crypto liquidation exceeds $600 million, Will Iran close the Strait of Hormuz?

The US and Israel's airstrikes on Iran ignite Middle East conflict, Bitcoin experiences a sharp震 and clears over $652 million, with energy and inflation risks heating up, impacting global markets. Conflict erupts and Middle East situation escalates全面 ------------- The Middle East situation entered a state of extreme turbulence in late February 2026. The US and Israel jointly launched a large-scale military operation against Iran, codenamed "Operation Epic Fury," aimed at destroying Iran's nuclear facilities, missile production bases, and naval forces. US President Trump confirmed US military involvement through social media platforms, claiming this move was to eliminate imminent threats against the US and its allies. Israel's Minister of Defense Katz immediately declared a nationwide state of emergency, with air raid sirens sounding in Tel Aviv and other locations, and hospitals switching to underground operations. Image source: Truth Social/realDonaldTru

CryptoCity19m ago

ETH drops below 2000 USDT

Gate News bot message, Gate market display, ETH drops below 2000 USDT, current price 1999.75 USDT.

CryptoRadar28m ago

Bloomberg: After Iran's Supreme Leader's death, Bitcoin rebounds above $68,000

After Iran's Supreme Leader Khamenei's death, the crypto market quickly rebounded, with Bitcoin rising to $68,196 and Ethereum regaining the $2,000 level. The day before yesterday, the market cap lost $128 billion, but on Sunday, it recovered about $32 billion. Despite increased market volatility and more uncertainties, it is expected that clearer price discovery will occur once U.S. stocks and Bitcoin ETFs resume trading.

GateNews31m ago

Yesterday, Hyperliquid's silver contract trading volume exceeded that of the commodity market silver futures.

Foresight News reports that yesterday on Hyperliquid, the price of the crude oil perpetual contract rose about 5%, to $70.6 per barrel, while gold and silver perpetual contracts increased approximately 1.3% and 2%, respectively, to $5323 per ounce and $94.9 per ounce. Additionally, silver futures led the commodities futures market, with a trading volume exceeding $227 million within 24 hours, and gold futures trading volume was about $173 million.

GateNews2h ago

ETH Breaks Through 2050 USDT

Gate News bot message, Gate market display, ETH breaks through 2050 USDT, now priced at 2050.09 USDT.

CryptoRadar2h ago

BTC Breaks Through 68,000 USDT

Gate News bot message, Gate Market Display, BTC Breaks 68000 USDT, current price 68006 USDT.

CryptoRadar2h 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)