Trading in tokenized gold on Binance has surged, with spot volume exceeding $325 million over seven days—the highest level excluding the post-launch trading peak.

According to Darkfost, a CryptoQuant analyst, cumulative spot volume for gold-backed products on Binance has exceeded $8 billion since launch. On Nov. 5 alone, volume reached $78 million.

CoinGecko data shows that the total market capitalization of tokenized assets is around $50 billion, of which commodities account for nearly $6 billion, with gold making up a relatively large share of this category.

Darkfost says gold prices have fallen more than 30% since the beginning of the year and are stabilizing around $4,000 per ounce. However, trading volume alone is not enough to determine whether investors are increasing or reducing their gold holdings.

Source: https://tintucbitcoin.com/khoi-luong-giao-dich-vang-token-hoa-tren-binance-vuot-8-ty-usd/

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