A token can be worth billions on paper and still have very little trading activity.

DIA’s research gives an interesting example.

One token representing electricity has over $2B in reported value and around 165 holders.

Another, representing soybean oil, reports about $440M in value but has just two holders. It also recorded no transfers in the last 30 days.

Now look at gold. Tether #GOLD and Pax Gold each recorded over $4B in trading volume within the same period.

There’s a big difference between saying an asset is worth something and having people actively buy and sell it.

For #tokenized commodities to gain real traction, people need to know what backs them, how they’re priced and whether there’s enough market activity to trade them.

That’s the kind of infrastructure $DIA is working to build.