Crypto exchanges have emerged amid a boom in tokenized products at TradFi locations.
Demand for token-backed commodities is increasing as investors seek safe haven exposure through crypto-native markets that trade around the clock, not just during traditional market hours.
The tokenized commodity sector grew 10 percent last month to $7.69 billion in aggregate market capitalization, while holders rose 5.8 percent to 189,390, according to data aggregator RWA.xyz.
Tether Gold (XAUT) has the lion's share of on-chain transactions with $2.96 billion, while Paxus Gold (PAXG) is second with $2.56 billion.
The development highlights how real-world assets are becoming a bigger part of crypto market activity. Tokenized commodities allow investors to manage their assets, including gold and silver, 24/7 based on the blockchain.
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Crypto exchanges are emerging as new TradFi positions
At the same time, crypto exchanges are attracting more interest from traders looking for exposure to traditional assets in derivatives.
This trend is particularly evident during periods of strong price trends, such as recent gold and silver rallies, according to blockchain data platform CryptoQuant.
“The activity increased during a strong precious-metal price rally,” said Julio Moreno, head of research at CryptoQuant, in a research report published on Tuesday.
He added that daily volume was heavily concentrated in gold and silver contracts, which reached $3.77 billion and $3.75 billion on Tuesday.
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Binance is constantly increasing trading activity.
Trade in those products expanded rapidly. CryptoQuant says Binance's TradFi perpetual futures have generated more than $130 billion in cumulative trading volume and nearly 90 million trades since its launch in January.
The cryptoquant cited increased demand for tokenized goods and uncertainty related to tariffs, higher interest rates and safe-haven demand for the metal's rally as reasons.
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