On-chain Gold Handles Black Swan Event During Traditional Market Closure, Highlighting Blockchain Advantages

BlockBeats News, February 28th, influenced by the comprehensive escalation of the US-Iran conflict, the on-chain gold prices represented by PAXG and XAUT experienced a sharp rise. Among them, PAXG reached a daily high of $5600 today, with a daily trading volume exceeding $1 billion, fully reflecting investors' trading demand for gold in the black swan event.

In contrast, the gold market under the traditional financial system is still in a state of holiday.