Tokenized gold and silver outperform Bitcoin as capital rotates into on-chain safe havens
Tokenized commodities have surged forward of Bitcoin this 12 months, with tokenized gold [PAXG] and tokenized silver [KAG] delivering clear outperformance regardless of broader crypto market volatility, based on new information from CryptoRank.
Supply: CryptoRank
Bitcoin, which reached an all-time excessive of $125,000 earlier in 2025, has now slipped into unfavourable yearly efficiency—down roughly 4–5%—as macroeconomic uncertainty and geopolitical tensions have pressured threat property throughout the board.
Bitcoin falls whereas tokenized metals hit a number of ATHs
Whereas Bitcoin has struggled to reclaim its highs, tokenized gold and silver have continued to construct momentum all through the second half of 2025. They’ve every made new all-time highs on repeated events.
The rotation into commodities accelerated from October to December, coinciding with one of many sharpest concern spikes within the crypto market since 2022.
Supply: CoinGecko
Knowledge exhibits that buyers have moved capital immediately into tokenized treasured metals, moderately than exiting the crypto ecosystem fully—underscoring how real-world property now function an inside hedge.
Coingecko market-cap charts additionally present regular inflows, with tokenized gold rising from round $1.8B early within the 12 months to above $4B right this moment.
Tokenized silver stays smaller, however its upward pattern displays comparable demand.
RWAs allow a brand new type of digital protected haven
In contrast to prior cycles, this is likely one of the first instances buyers can rotate into metals with out liquidating into conventional markets.
The expansion of tokenization—first by way of treasuries, then into commodities—has given merchants a crypto-native hedge that acts extra like a safe-haven asset.
The mechanics now resemble conventional market habits: risk-off sentiment pushes flows into gold publicity, besides this time the transfer stays on-chain.
This aligns with the broader rise of real-world property [RWAs] as one of many strongest adoption themes of 2025, particularly as regulatory readability round tokenization continues to increase in america.
Schiff vs CZ debate highlights the second
The pattern additionally reignited the long-running “Bitcoin vs gold” debate after gold advocate Peter Schiff lately argued that tokenized gold’s efficiency proves Bitcoin is inferior as a retailer of worth.
Binance founder Changpeng Zhao [CZ] countered that tokenization expands the crypto ecosystem, and that the power to rotate between property is proof of market maturity—not weak point.
The continuing argument displays a deeper narrative: Bitcoin is now not the one on-chain hedge, and capital now has the choice to rotate to steel publicity with out abandoning digital infrastructure.
Last Ideas
- Tokenized metals outperformed Bitcoin and reached repeated ATHs in 2025
- Market-cap developments present actual inflows, not simply value volatility
