🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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The market size of tokenization of gold is approaching $3 billion, setting a historic high.
[Tokenization] gold market size approaches $3 billion, setting a new historical high. Against the backdrop of spot gold prices breaking $3,800 per ounce, the total market capitalization of the tokenized gold market reached a historic peak of $2.88 billion on September 29. The two major gold tokens XAUT and PAXG both saw monthly trading volumes exceeding $3.2 billion, with PAXG net inflow of $40 million in a single month. Analysts point out that expectations of interest rate cuts by the Federal Reserve, inflationary pressures, and the potential government shutdown have jointly driven the recent rise in gold prices. In comparison, gold's increase of about 47% this year far exceeds the 22% increase of Bitcoin. Tokenized gold, with its all-weather trading and on-chain instant settlement features, is becoming an important supplementary channel for traditional gold investment.