It’s the 80th edition of the Gems Corner and today we will be looking at the progress of tokenized gold, other market updates, and airdrop alphas.
It’s another week of market downturn as global market capitalization dropped by 4.8%, and the price of Ethereum by 3.8%. While most narratives maintained a downward spiral, tokenized gold showed strength, hitting a market cap of $1.9B+.
Firstly, Tokenized gold refers to digital tokens on a blockchain that are backed 1:1 by real physical gold stored in secure vaults. It combines the stability and trust of gold with the speed and accessibility of crypto.
In simple terms, imagine owning gold, but instead of holding it in a vault, you hold a token on your wallet. That token is fully backed by actual gold in a trusted vault.
Since it’s backed 1:1, the price of tokenized gold reflects the price of real gold. The price of tokenized gold is rising because that of real gold is rising.
Tokenized gold isn’t sexy like memecoins or AI tokens. But it’s solid, reliable, and quietly growing in importance — especially as DeFi matures and real-world utility starts to matter.
Stablecoin Growth Continues…
The stablecoin narrative has been experiencing serious growth and interest lately. Stablecoin mindshare reached new highs and its supply on Ethereum smashed a new high of $132.4B - all in this week.
Interestingly, Institutions and Government agencies are also joining the bandwagon. For instance, Wyoming recently announced plans to launch a state-issued crypto stablecoin, and Fidelity, a $6T asset manager, is in the final stages of testing its stablecoin.
Not just that, World Liberty Financial (Trump family) is releasing USD1 stablecoin soon. The stablecoin revolution is here to stay - blockchain is set to take over digital payments.
One of the easiest ways to position is by stacking points on Stablecoin projects. Some on my radar are OpenEden, Resolv, Noble, and Level, to mention a few.
Tweet of the Week
Alpha Bites and Tweets
That’s a wrap.
Thanks for reading!
Till next Friday,
Viktor DeFi.
PS: I’d love to hear your feedback and comments.
Hey man - we’re curios - what protocols are you using to generate yield atm?