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      Uniswap and PancakeSwap Capture 96% of DEX Volume in Tokenized Commodities

      Uniswap and PancakeSwap have emerged as dominant players in the decentralized exchange (DEX) market for tokenized commodities, accounting for 96.1% of the total trading volume. Over the past 30 days, these platforms processed $678.2 million in transactions, reflecting a significant increase in interest in tokenized assets, particularly gold-backed tokens.

      Gold-backed tokens are the primary drivers of this trading volume, representing over 80% of daily transactions in the segment. Paxos Gold (PAXG) and Tether Gold (XAUt) are the leading assets, each backed by one troy ounce of physical gold. This structure allows crypto traders to gain exposure to gold without engaging in traditional futures contracts or exchange-traded funds (ETFs).

      Uniswap, built on the Ethereum blockchain, benefits from extensive liquidity pools and a large user base, while PancakeSwap, which operates on the BNB Chain, offers lower transaction fees and has expanded its services across multiple chains. The growth of gold-backed token market caps has paralleled increases in spot gold prices, highlighting a broader trend towards the tokenization of real-world assets in the cryptocurrency space.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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