Record silver prices above $80 propelled tokenized silver volumes up 1,200%, pushing the sector past $300 million as tight physical markets drive blockchain-based metal trading.
Monthly transfer volumes for tokenized silver soared 1,200% as spot prices reached record highs above $80, extending tokenized metals’ total value beyond $300 million. The surge, driven by tight physical silver markets, saw tokenized versions of the iShares Silver Trust lead activity. This follows CoinGecko data showing a 15% weekly gain in sector valuations before a pullback to $296.47 million.