Macro Forces Propel Tokenized Gold Demand Surge as Spot Tops $4,600/Oz

Tokenized gold demand has surged to material levels in 2026, driven by four macro forces: gold's rally above $4,600/oz (130%+ three-year gain), record central-bank accumulation of ~1,000 tonnes annually, stablecoin concentration spurring non-dollar yields, and cross-chain bullion token rollouts. Q1 2026 trading volume hit $90.7 billion, exceeding full-year 2025's $84.6 billion. This builds on earlier coverage of practical DeFi yield strategies like staking AYNI for PAXG distributions, Kinesis fee-shares (0.5–2%), PAXG AMM liquidity (0.05–1% fees), and Aave collateralization (50–60% LTV for 4–8% strategies), amplifying bullish pressures on gold-backed assets.