Analyst: Tokenized gold is gaining momentum against the trend, with Binance's trading volume exceeding $325 million in the past 7 days, setting a record

Cryptocurrency analyst Darkfost posted on the X platform, stating that while the cryptocurrency market is weakening, the trading volume of tokenized gold products has rebounded against the trend. The total trading volume of gold-backed products on the Binance platform has exceeded 8 billion dollars since its launch; excluding the peak trading volume during the initial launch period, the trading volume in the past 7 days has reached a new high of over 325 million dollars, with a single-day trading volume of 78 million dollars.

According to CoinGecko data, the total market capitalization of tokenized assets is currently about 50 billion dollars, with commodity assets nearing 6 billion dollars in market value, and gold holding a significant share. However, Darkfost reminds that the price of gold has retraced over 30% since the beginning of the year and is currently stabilizing around 4,000 dollars per ounce.