Ethereum Drives Tokenized Gold Market to $2.4 Billion Milestone

The Ethereum blockchain has propelled the tokenized gold market past a significant milestone, reaching $2.4 billion in value this year. This explosive growth is largely attributed to major tokens like PAX Gold (PAXG) and Tether Gold (XAUT). 2023 has witnessed an unprecedented surge, with the supply of these gold-backed assets on Ethereum almost doubling.