Tether Gold and the Paxos-issued PAX Gold account for over 95% of the tokenized commodities market, which is now outpacing tokenized stocks and funds.
The tokenized commodities market has risen 53% in less than six weeks to over $6.1 billion, making it the fastest-growing vertical in the real-world asset tokenization market as more gold moves onchain.
The tokenized commodities market was valued at just over $4 billion at the start of the year, meaning around $2 billion has been added to the market’s value since Jan. 1, according to data from crypto analytics platform Token Terminal.
Data shows the tokenized commodities market is dominated by gold products.
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