Spot gold hits a new all-time high, boosting the popularity of related tokens in the crypto market. Just look at the contract trading data — in the past day, the Hyperliquid platform's gold token PAXG contract trading volume surged to $22.72 million, ranking eighth on the platform, even surpassing the trading performance of major coins like LIT, BNB, and AAVE. What's more interesting is that the open interest for this contract has expanded to nearly $87 million. With a funding rate of -0.0032%, the market's expectations for the future trend remain quite balanced. The rise of gold is indeed attracting more traders' attention.