2025-12-26 17:21:06

Gold rises to 5000, why is the crypto circle still criticizing? That's an interesting question.

If you really believe in gold, there are two ways. One is the most traditional—buy gold directly. The other is a new approach—gold tokens. Want to move funds from the crypto world back to China but find it inconvenient? Then gold tokens solve this pain point.

Speaking of gold futures, we have to mention XAU. What is this? Simply put, 1 XAU is pegged to 1 ounce of London gold spot. After a certain stablecoin heavily bought gold, it launched this "gold standard" asset. The logic is straightforward—if you trust that stablecoin, you can buy XAU without thinking, even more convenient than buying physical gold at a bank.

If you're still not fully trusting this new thing, then look at PAXG. This veteran gold token has long been positioned as: gold ETF on the blockchain. The coolest part is, you can directly exchange 1 PAXG for 1 ounce of physical London gold. Security is a given.

Silver has also started to go on-chain, and this trend is very clear.

Back to the point, the biggest regret now is that there's no principal left, otherwise I would consider continuing to buy platform tokens of certain top exchanges. The DeFi story is almost over; the next phase of blockchain depends on whether AI explodes or RWA rises. But no matter which direction, one reality in the crypto world is clear—big platform tokens are like a sieve, everything can leak through. Growth in AI benefits them, growth in RWA benefits them too. Even if the most criticized token rises, it will still be buoyed along with the tide.

This is the business logic of big platforms: build the strongest trading ecosystem, do nothing more, and earn plenty just from trading fees.

PAXG0,19%

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GateUser-1a2ed0b9

· 12h ago

Gold on the chain indeed solves the problem of cross-border liquidity, but what the crypto community fundamentally dislikes is not gold itself, but the schemes that harvest retail investors disguised in new outfits.

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CryptoCrazyGF

· 12-26 17:49

Ah, I've seen through gold going on the chain long ago. To put it simply, it's still the platform cutting the leeks. PAXG's ability to directly exchange for physical gold is indeed good, but you have to ask yourself, will you really go through with the exchange? I agree on the big platform tokens; they are truly the unbeatable winners.

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GasFeeLady

· 12-26 17:48

ngl, been watching the gwei on XAU/PAXG swaps and the gas optimization window is *chef's kiss* rn. but real talk, platform tokens are literally just fee-capture machines with extra steps lol

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metaverse_hermit

· 12-26 17:48

Gold on the chain really solves the pain point of cross-border withdrawals, but I still have doubts about the PAXG redemption mechanism. Is the physical delivery process so smooth? I agree with the logic of big platform tokens, but do you still dare to go all in now? It feels like the ecosystem's golden age has passed. I always feel uneasy about the stablecoin behind XAU... Maybe holding PAXG directly is more reliable? The platform token roulette theory is spot on; no matter which trend blows in, you can benefit. But I'm just worried the wind will stop. Without capital, it's the biggest regret. If I still had bullets, how should I choose? Is RWA really the next main trend? Are there still people naively thinking DeFi can turn around? The story's been over for a while.

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WalletAnxietyPatient

· 12-26 17:47

Gold tokens, to put it simply, are just a shell change; the trust cost remains high. Platform coins are indeed a win-win business; the transaction fees are too attractive. The fact that PAXG can be exchanged for physical gold is pretty good, but who has actually done it? The feeling of having no principal is very real, haha. I want to buy everything I see, but my wallet is empty. If RWA really takes off this time, it's true that platform coins can eat well and drink soup. The path of bringing gold on-chain still feels too new; the risks are a bit high. The DeFi story is truly over; now let's see who can seize this wave of dividends. It's really inconvenient to cash out from the crypto world and return to the country; no wonder some people are optimistic about gold tokens. Everyone is criticizing but reluctant to buy; this is the true portrayal of the crypto circle.

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AllInAlice

· 12-26 17:43

Haha, to put it simply, platform tokens are just a way to sit back and win passively. No matter what you trade, you still have to pay transaction fees to the exchange in the end.

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AirdropBuffet

· 12-26 17:42

Gold on the chain indeed solves the bottleneck of cross-border withdrawals, but the platform token logic is truly the ultimate trick. Whatever is popular sells, and transaction fees are the real ultimate vampire.

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GasFeeSobber

· 12-26 17:29

Is gold on the chain really worth it? I feel like it's just the same old trick of cutting leeks with a different disguise. Can PAXG truly be exchanged for physical gold? Has anyone tried it? Share your experience. Platform tokens are just gambling mentality, anyway, the big players are all in the exchanges. I understand the pain of having no capital. Now everywhere you look, there are opportunities, but your pockets are empty. Is this RWA really genuine or just another hype? It looks suspicious. AI, gold, stablecoins—the crypto world wants to tie everything together, but no one wants to do something practical.

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