The Gold RWA market experienced a notable contraction in activity over the past week, with the total market cap slightly decreasing to $5.28 billion, a 1.01% drop. Despite a marginal increase in the number of holders to 188,000, transaction volumes fell sharply by 19.49% to 17.3 million, and active addresses decreased by 15.38% to 8,157. Leading assets XAUT and PAXG saw minor declines, aligning with gold price movements, while XAUm and VNXAU bucked the trend with growth. In recent developments, OCBC Bank in Singapore launched the GOLDX tokenized physical gold fund, and Mitsui & Co. introduced Zipangcoin, a tokenized commodity RWA. Additionally, OSL listed Matrixdock XAUm gold RWA, and the Aurise Foundation launched the XAUE yield-bearing gold token. Despite reduced on-chain retail activity, financial utility is rising, with Coinbase adding PAXG as collateral for perpetual contracts and launching perpetual trading for gold and silver. The Volo Protocol attack highlights the importance of security in transactions involving stable assets like gold, underscoring the need for robust protocols to support liquidity expansion.