Tokenized Silver Volumes Surge 1200% as Prices Exceed $80, Market Cap Hits $300 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Volume Surge: Monthly transfer volumes for tokenized iShares Silver Trust (SLV) have surged by approximately 1200%, coinciding with silver prices breaking above $80 per ounce, indicating a growing investor preference for blockchain access to traditional commodities during market stress.
- Market Capitalization Milestone: The total market capitalization for tokenized silver products has exceeded $300 million, which, while small compared to global silver markets, highlights a remarkable growth rate that suggests active trading and arbitrage rather than mere passive holding.
- Demand Drivers: A combination of tightening supply and industrial demand, particularly from the solar sector, alongside macro expectations of U.S. interest rate cuts, has fueled demand for tokenized silver, reflecting increased investor confidence in traditional assets amidst inflation concerns.
- Shifts in Investor Behavior: Some retail investors are reportedly rotating out of traditional cryptocurrencies like Bitcoin into physical metals, while tokenized silver offers a flexible way to gain exposure to price movements without the hassles of storage and transport, underscoring the significance of tokenized assets in fast-moving markets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
