Crypto-Based Tokenized Commodities Near $4B Milestone as Gold and Silver Hit Record Highs
The market cap of the crypto-based tokenized commodities is close to reaching the $4 billion mark. This is largely due to the fact that Gold and Silver are performing extremely well in the markets, breaking new records.
Gold and Silver Rally Provides Boost to Tokenized Commodities
Blockchain-based tokenized commodities have appreciated with the rising trend in global precious metals markets. According to rwa.xyz, the total market value increased by 11% in the last month to around $3.94 billion.
The surge comes as gold prices had reached as high as $4,582 per ounce over the past 24 hours. This price surge had also affected digital asset markets. In this case, digital representations of physical metals are based on…
