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

PAXG0,88%
XAUT0,92%
ONDO-5,71%
BTC-3,35%

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

Warden Protocol suspected to have run away, token price has plummeted 90% since launch

Gate News Report, March 7 — According to community user feedback, Warden Protocol (WARD) appears to have rug pulled, with its token price plummeting 90% since being listed on a certain CEX Alpha section. It is reported that Warden Protocol was previously positioned as an intent-driven modular blockchain network, later shifting towards AI-related narratives. The project previously claimed that all three co-founders had backgrounds at a certain CEX.

GateNews28m ago

Dogecoin faces a risk of sharp decline as selling pressure increases

Dogecoin (DOGE) records its second consecutive decline, trading around $0.090 as of Saturday. Previously, this meme coin reached its weekly high of $0.104 on Wednesday. However, the rapid rally was halted as the market entered a period of volatility.

TapChiBitcoin1h ago

March 7, 2026 Top Trending Coins Overview, the top three in popularity are: Freysa, UnifAI Network, Banana For Scale

GateNews2h ago

Trump states: Iran will only cease fire if they "unconditionally surrender"! Middle East conflict escalates, oil and the dollar soar, Bitcoin drops to $68,000

U.S. President Trump strongly demanded Iran's "unconditional surrender" and ruled out any negotiations, leading to intensified Middle East conflict, with the clash spreading to multiple countries and causing heavy casualties. As a result, global markets became volatile, oil prices surged to nearly two-year highs, inflation fears intensified, the dollar appreciated significantly, and investor sentiment remained subdued.

動區BlockTempo2h ago

Market Report: Top 5 cryptocurrencies by decline on March 7, 2026, with Humanity Protocol experiencing the largest drop

GateNews2h ago
Comment
0/400
No comments