Crypto Traders Bet Big on Gold, Tokenized Assets See Surge

Crypto traders are once again showing interest in gold, with tokenized gold emerging as a leading crypto position. On September 24, Hyperliquid reported that gold futures peaked in trading, and whales began accumulating more of the precious metal.

The recent price volatility has boosted on-chain trading and derivatives activity, signaling growing adoption across crypto and DeFi markets. As a result, trading volumes and demand for tokenized assets are likely to increase.

Gold is now the second most active perpetual futures contract on Hyperliquid, with $299.55M in open interest. This outperforms equities, indicating that crypto traders are increasingly turning to gold as a safe-haven asset.