On-chain gold absorbs black swan events during traditional market closures, highlighting the advantages of blockchain.

ChainCatcher reported that, due to the full escalation of the US-Iran conflict, the on-chain gold prices represented by PAXG and XAUT have surged sharply. Among them, PAXG reached a peak of $5,600, with a single-day trading volume exceeding $1 billion, fully reflecting investors' demand for gold trading during black swan events. In contrast, the gold market under the traditional financial system remains closed.