TLDR Crypto · MISCELLANEOUS

PERPETUALLY OPEN: TOKENIZED GOLD & THE RISE OF 24/7 ONCHAIN MARKETS

coinmetrics.substack.com7 min read

Summary from the TLDR Crypto newsletter

Tokenized gold products PAXG and XAUT, plus Hyperliquid's HIP-3 perpetuals, facilitated 24/7 price discovery during geopolitical shocks. With $6.1B in tokenized gold and $95B in perp volume, these rails enable continuous macro hedging for commodities and equities when traditional exchanges are closed.