随着包括加密货币在内的风险资产苦苦挣扎，象征性的黄金再次出现了

星期三，金牌代币的市值膨胀到不到20亿美元，在过去的24小时内增长了5.7％

Amid the broader cryptocurrency market struggles linked to U.S. tariff uncertainties, tokenized gold once again performed well as risk assets come under pressure, according to a report by digital asset platform CEX.IO.

根据数字资产平台Cex.io的报告，在与美国关税不确定性相关的更广泛的加密货币市场斗争中，由于风险资产承受压力，因此，象征性的黄金再次表现良好。

The market capitalization of gold-backed tokens swelled to just under $2 billion on Thursday, up 5.7% over the past 24 hours, according to CoinGecko data. The rise coincided with the yellow metal briefly touching a fresh all-time above $3,170/oz, TradingView shows.

根据Coingecko数据，在过去24小时内，黄金支持的代币的市值膨胀到不到20亿美元，增长了5.7％。 TradingView显示，崛起与黄色金属短暂触及了3,170美元以上的新鲜时期。

Alongside the price rally, gold tokens experienced a frenzy of activity and demand over the past weeks, fueled by the broader market turmoil. Weekly tokenized gold trading volume surpassed $1 billion, the highest since the U.S. banking turmoil of March 2023, according to CEX.IO.

除了价格集会外，在更广泛的市场动荡的推动下，黄金代币在过去几周中经历了狂热的活动和需求。根据Cex.io的数据，每周标记的黄金交易量超过10亿美元，这是自2023年3月的美国银行动荡以来最高的。

The two largest tokens, Paxos Gold (PAXG), Tether Gold (XAUT), making up the bulk of the tokenized gold market, saw their weekly trading volumes surging over 900% and 300%, respectively, since January 20, the report said, citing CoinGecko data. PAXG also experienced continuous inflows totalling $63 million during this period, DefiLlama data shows.

报告说，自1月20日以来，他们的每周交易量分别飙升了900％和300％，这是两个最大的代币，Paxos Gold（Paxg），Tether Gold（XAUT），自1月20日以来，他们的每周交易量分别飙升了900％和300％。 DeFillama数据显示，在此期间，PAXG还经历了总计6300万美元的连续流入。

The rally tracks the broader gains in physical gold, which posted double-digit increases in 2025 amid inflation concerns. However, even gold wasn’t spared during the market-wide sell-off triggered by U.S. tariffs, with prices briefly dropping 6% before quickly recovering to record highs.

集会跟踪实物黄金的更广泛的收益，在通货膨胀方面，2025年的两位数增加了两位数。但是，即使是在美国关税触发的整个市场售罄期间，也没有幸免的黄金，价格短暂下降了6％，然后迅速恢复以创纪录。

Since Trump’s inauguration, tokenized gold has been one of crypto’s top performing sectors, with its market cap up 21%, the report noted. By contrast, stablecoins gained a more modest 8% in market cap, while bitcoin declined 19% and the total crypto market lost 26%.

报告指出，自特朗普就职以来，令牌化的黄金一直是加密货币表现最佳的领域之一，其市值增长了21％。相比之下，Stablecoins的市值增长了8％，而比特币下降了19％，总加密货币市场损失了26％。

“Tokenized gold is emerging as one of the key diversification strategies among crypto-native users, alongside bitcoin," said Alexandr Kerya, VP of product management at CEX.IO. "It provides a safer and more stable approach to portfolio management, enabling users to stay within the crypto ecosystem while benefiting from the value and stability of the underlying physical asset.”

Cex.io产品管理副总裁Alexandr Kerya说：“象征性黄金正在成为加密本地用户的主要多元化策略之一。” “它为投资组合管理提供了一种更安全，更稳定的方法，使用户能够留在加密生态系统中，同时受益于基础物理资产的价值和稳定性。”

"At the same time, the broader RWA narrative helps make gold exposure more accessible and intuitive for users who may not have considered it before," Kerya added.

Kerya补充说：“与此同时，更广泛的RWA叙述有助于使可能以前从未考虑过的用户更容易获得黄金曝光。”