Tokenized commodities near $4B as gold, silver hit records!!

Tokenized commodities surge 11% to $3.93B as Tether Gold and Paxos Gold lead; Ethereum dominates RWAs (65%) while Tron and Solana generate higher recent fees than Ethereum.

  • Tokenized commodities climbed 11% to about $3.93 billion as major precious metals hit record prices.
  • Tether Gold (XAUt) and Paxos Gold (PAXG) remain the largest tokenized commodities at roughly $1.74 billion and $1.61 billion respectively.
  • Ethereum leads RWA tokenization with a 65% share ($12.7 billion), while BNB Chain holds about 10.5% ($1.85 billion).
  • Onchain trading activity and fees still favor stablecoins and retail tokens; blockchains like Tron and Solana generate higher recent fees than Ethereum.

Tokenized commodities neared $4 billion after global precious metals set new highs on Friday. Spot gold reached about $4,530 per ounce and silver touched $74.56 per ounce, with TradingView data showing the price moves (https://www.tradingview.com/chart/JBpUV8Q8/?symbol=BITSTAMP%3ABTCUSD). Data shows tokenized commodities rose 11% in the month to $3.93 billion, according to RWA.xyz (https://app.rwa.xyz/commodities).

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Tether Gold (XAUt) is listed as the largest tokenized commodity at about $1.74 billion, followed by Paxos Gold (PAXG) at about $1.61 billion, per the same RWA.xyz data (http://rwa.xyz). Tokenized precious metals can move and be traded onchain outside traditional market hours, but pricing, liquidity and redemption remain tied to legacy infrastructure.

Definition: Tokenized commodities — blockchain-based digital tokens that represent ownership or claims on physical commodities, enabling fractional ownership and onchain transfers. Definition: Real-world assets (RWAs) — traditional assets issued on blockchains to enable faster settlement and fractionalized ownership.

Ethereum accounts for about 65% of tokenized RWA value, roughly $12.7 billion, while BNB Chain holds about 10.5% or $1.85 billion, according to RWA.xyz (http://rwa.xyz). Tokenization growth can increase blockchain activity and fees, but it remains a smaller slice of onchain use compared with stablecoins and fungible token trading.

Blockchain fee data from Nansen (https://app.nansen.ai/macro/blockchains) shows Ethereum generated about $11.41 million in fees over the past 30 days. Tron led with about $29.5 million, while BNB Chain and Solana ranked second and third.

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