The tokenized goods market is approaching $4 billion, with gold hitting a new record high, boosting RWA's visibility.

As gold, silver, and platinum prices hit record highs, the scale of on-chain commodity tokenization continues to climb, currently approaching $4 billion. TradingView data shows that spot gold once rose to $4,530 per ounce; RWA.xyz data shows that the scale of tokenized commodities grew by approximately 11% in the past month, reaching $3.93 billion. Among them, Tether Gold (XAUT) accounted for approximately $1.74 billion and Paxos Gold (PAXG) for approximately $1.61 billion, together dominating the market. The report points out that tokenized precious metals enable on-chain 24/7 transfers and transactions, but pricing, liquidity, and redemption still rely on traditional financial infrastructure. As part of the broader RWA sector, investment bank Standard Chartered predicts that by 2028, the scale of tokenized RWA (excluding stablecoins) will increase to $2 trillion, of which approximately $250 billion will flow to low-liquidity assets such as private equity and commodities. At the underlying network level, Ethereum remains dominant, currently handling approximately 65% ​​of tokenized RWA transactions, worth about $12.7 billion; BNB Chain ranks second, accounting for about 10.5%. However, on-chain data shows that RWA-related activity still accounts for a lower percentage of overall transaction fees and transactions compared to more mature use cases such as stablecoin and token trading. (Cointelegraph)