# Capitalization İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Capitalization" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Capitalization of 'Gold' Tokens Reaches a Record $4.2 Billion. What's Driving the Growth?

Capitalization of gold-backed tokens has reached a record $4.2 billion, driven by a surge in the price of physical gold, which itself surpassed $4,500 per ounce for the first time in history with a year-to-date gain exceeding 70%. This performance outpaced major asset classes, including Bitcoin and key stock indices. The two dominant tokens, Tether's XAUT and Paxos' PAXG, account for nearly 90% of the sector's market cap, at $2.26 billion and $1.53 billion, respectively. Their market capitalization has grown two to three times since August, a rate that significantly outpaces the appreciation of gold itself, suggesting new demand and the issuance of additional tokens. A smaller, emerging niche includes tokenized shares of gold-based Exchange-Traded Funds (ETFs), such as those from xStock and Ondo. While their market cap is only in the tens of millions, they represent a new avenue for crypto investors to gain blockchain-based exposure to gold-related equities. However, this market remains illiquid, with daily trading volumes of just a few million dollars. The broader trend reflects a growing intersection of traditional finance and crypto, with platforms like Kraken and Bybit also offering tokenized traditional stocks. Despite the success of gold tokens, the wider crypto market has seen a downturn, with total capitalization falling below $3 trillion and Bitcoin's price declining approximately 7%.

RBK-crypto12/23 13:51

Capitalization of 'Gold' Tokens Reaches a Record $4.2 Billion. What's Driving the Growth?

RBK-crypto12/23 13:51

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