CoinFound Gold RWA Market Weekly Report: A review of noteworthy information from the past week in the crypto concept stock sub-sectors.

Article author and source: CoinFound

I. Market Overview

• The overall market capitalization and number of holders of gold tokens increased slightly over the past 7 days, but the total transaction volume and number of active addresses decreased significantly. The prices and market capitalization of leading tokens Tether Gold and Paxos Gold showed slight positive changes, while the prices of some tokens remained stable. VNXGold was the only token whose price and market capitalization both declined. The Ethereum network holds an absolute dominant position in the gold token field, while other networks are significantly smaller. Some tokens support issuance on multiple networks, while most are issued on only a single network.

II. News Review

• The top holders of precious metals collectively short, with silver short sellers realizing over a million in unrealized profits.
• Middle East conflict drives institutional funds back to the crypto market, BTC outperforms gold (March 9)
• High-level volatility in gold/silver prices has driven growth in contracts on platforms like Gate.io.
• Crude oil trading on Hyperliquid is showing a significant premium over traditional markets, with investors betting on a sharp rise in traditional markets at the opening on Monday.

III. Summary

• Gold RWA has demonstrated strong growth resilience, with its total market capitalization remaining stable at a high level. The market is dominated by Tether Gold (XAUT) and Paxos Gold (PAXG), which together account for over 70% of the market share. On-chain data shows that Ethereum is the primary blockchain for this asset class, accounting for 97.4%. Geopolitical uncertainty and institutional hedging needs are the main drivers for the migration of physical gold to blockchain tokenization. Compared to highly volatile cryptocurrencies, gold RWA's attributes as a "stable yield" asset are becoming increasingly prominent, and market sentiment remains optimistic. With the improvement of regulations in tokenization hubs such as Singapore and Dubai, it is expected to generate stronger synergistic effects with RWA products such as US Treasury bonds and private lending in the future.

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