According to ChainCatcher, on December 29th, international gold prices experienced a significant reversal, with a single-day drop exceeding 4%. Driven by this sharp price fluctuation, on-chain gold trading activity at Byreal increased significantly, with a daily trading volume reaching $1.22 million.
Increased trading volume directly boosted liquidity staking yields, with related pools achieving annualized returns (APR) of up to 155%. Users can participate in liquidity staking with a single click through Alpha Farm on the Bybit platform, earning on-chain transaction fee revenue without creating a wallet or requiring gas tokens.
Meanwhile, Bybit is running a month-long Farm staking campaign where users can share a 300,000 USDT reward pool. In terms of trading methods, users can instantly exchange 500+ tokens for XAUT, or directly buy gold tokens through spot trading, and combine this with a DCA Bot dollar-cost averaging strategy to gradually reduce long-term holding costs during price pullbacks.
