The Arbitrum-native exchange launched precious metals perpetuals as onchain commodity trading gains momentum across DeFi.<\/p>\n
Decentralized perpetual exchange GMX has launched 24\/7 gold and silver markets on Arbitrum, drawing more than $10 million in trading volume on the first day, the protocol announced<\/a> on X.<\/p>\n The new XAU\/USD and XAG\/USD markets are synthetic perpetuals settled onchain using WETH-USDC liquidity. Pricing is secured through Chainlink Data Streams, the same oracle infrastructure that underpins GMX’s existing perp markets, according to a blog post<\/a> from the exchange.<\/p>\n “We’re excited to see GMX adopt Chainlink to power its newly launched gold and silver perpetual markets,” said Johann Eid, Chief Business Officer at Chainlink Labs. “This is how we enter a new era where the world’s largest commodities are traded onchain at a massive scale.”<\/p>\n The launch comes at a turbulent moment for precious metals. Gold climbed above $4,800 per ounce on Tuesday, rebounding from prior losses as the U.S. and Iran signaled their willingness to resume ceasefire negotiations. <\/p>\n GMX said gold and silver represent the starting point for a broader push into real-world asset (RWA) derivatives, with additional commodities and asset classes under evaluation. Both pools are included in the protocol’s GLV [ETH-USDC] vault, allowing liquidity providers to earn fee revenue as demand scales. Traders on Base, BNB Chain, and Ethereum mainnet can also access the markets via GMX’s multichain infrastructure.<\/p>\n The move places GMX alongside a growing roster of DeFi protocols racing to bring traditional asset exposure onchain. Hyperliquid’s permissionless HIP-3 markets have seen commodity perpetuals, particularly oil, dominate trading activity<\/a> in recent months.<\/p>\n The broader tokenized commodities sector has expanded rapidly. Tokenized gold surpassed $4 billion<\/a> in market value in January and is now approaching $5 billion<\/a>, led by Tether Gold and Paxos Gold. New entrants like Theo have launched yield-bearing tokenized gold products<\/a>, while the World Gold Council<\/a> has proposed shared infrastructure to lower barriers to entry and improve fungibility across digital gold products. <\/p>\n The growth underscores demand for permissionless precious metals exposure, particularly as geopolitical uncertainty continues to drive interest in safe-haven assets traded outside traditional market hours.<\/p>\n This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The Arbitrum-native exchange launched precious metals perpetuals as onchain commodity trading gains momentum across DeFi. Decentralized perpetual exchange GMX has launched 24\/7 gold and silver markets on Arbitrum, drawing more than $10 million in trading volume on the first day, the protocol announced on X. The new XAU\/USD and XAG\/USD markets are synthetic perpetuals settled […]<\/p>\n","protected":false},"author":2,"featured_media":424384,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-424381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424381"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424381\/revisions"}],"predecessor-version":[{"id":424385,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424381\/revisions\/424385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424384"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}