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

PAXG-0,38%
XAUT-0,19%
ONDO-5,04%
BTC-2,75%

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

SIREN futures surged over 50% in the short term, breaking through $4.8

Gate News reported that on March 22, the market showed that SIREN futures price briefly surged past $4.8, currently trading at $3.3, with a short-term gain exceeding 50%. The market is experiencing significant volatility, please pay attention to risk management.

GateNews1h ago

JCT increased by 50.62% after launching Alpha, current price 0.0033190 USDT

Gate News bot message: Gate market display shows that since Alpha was launched, JCT has risen 50.62%, with current price at 0.0033190 USDT.

CryptoRadar2h ago

Today's top 100 cryptocurrency tokens by market cap price changes: DEXE up 14.89%, APT down 7.94%

On March 22, among the top 100 cryptocurrencies by market cap, DeXe had the largest gain at 14.89%, while Aptos experienced the biggest decline at 7.94%. Other tokens with notable gains include River and JUST, with Filecoin and Quant leading the declines.

GateNews2h ago

Bitcoin Decouples From S&P 500 as Retail Demand Weakens

Bitcoin retail activity has decreased by 10%, the lowest since January 2025, indicating weaker market participation. The advent of ETFs has shifted retail access off-chain, while Bitcoin has diverged from the S&P 500, marking its longest decoupling since 2020 amid a correction phase.

CryptoFrontNews3h ago

$219M Exits Spot Bitcoin and Ether ETFs as Inflow Momentum Breaks

U.S. crypto ETFs experienced significant outflows as Bitcoin and Ether saw decreased demand. Investors withdrew $219.2 million, marking a shift from recent inflows. Both assets have declined in value, raising concerns about the market's momentum.

LiveBTCNews3h ago
Comment
0/400
No comments