The tokenized goods market is approaching $4 billion, with gold hitting a new record high, boosting RWA's visibility.

According to Odaily Planet Daily, as gold, silver, and platinum prices hit record highs, the scale of on-chain commodity tokenization continues to climb, currently approaching $4 billion. TradingView data shows that spot gold once rose to $4,530 per ounce; RWA.xyz data shows that the scale of tokenized commodities has grown by approximately 11% in the past month, reaching $3.93 billion. Among them, Tether Gold (XAUT) accounts for approximately $1.74 billion and Paxos Gold (PAXG) approximately $1.61 billion, together dominating the market.

The report points out that tokenized precious metals can be transferred and traded on-chain 24/7, but pricing, liquidity, and redemption still rely on traditional financial infrastructure. As part of the broader RWA (Real Money Token) sector, investment bank Standard Chartered predicts that the size of tokenized RWAs excluding stablecoins will grow to $2 trillion by 2028, of which approximately $250 billion will flow to illiquid assets such as private equity and commodities.

In terms of the underlying network, Ethereum remains dominant, currently handling approximately 65% of tokenized RWA transactions, worth about $12.7 billion; BNB Chain ranks second, accounting for about 10.5%. However, on-chain data shows that RWA-related activities still account for a lower percentage of overall transaction fees and transactions compared to mature use cases such as stablecoin and token trading. (Cointelegraph)