In September, the DEX trading volume of tokenized gold PAXG and XAUT reached a record high.
According to ChainCatcher, Tom Wan, Head of Data Analytics at Entropy Advisors, posted on X that the price of gold has surpassed $4,000 for the first time, rising 54% year-to-date (while Bitcoin has risen 31% over the same period). Tokenized gold can serve as an option for crypto natives to gain exposure to gold without the need for physical storage. In September, the monthly DEX trading volumes of PAXG and XAUT reached all-time highs ($118.1 million and $62.75 million, respectively), with Uniswap and Curve being the main trading venues.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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