$PAXG pax gold saw a record ~$248 million in new capital, lifting its market cap to around $2.2 billion. This indicates strong demand from investors seeking gold exposure via blockchain vehicles. �
Defensive sentiment: With broader crypto markets neutral or defensive, investors are rotating into “safe-haven” assets like PAXG and other gold-backed tokens as a store of value. �
Tokenized gold surge: Increased trading volumes and interest support the trend toward on-chain asset adoption, with tokenized gold volumes rising sharply. �