Tokenized gold has reached a total value locked (TVL) of $4 billion on blockchain networks in 2025, reflecting a growing preference for digital gold assets amid a broader crypto market downturn. Bitcoin's price has fallen to $88,000, while the price of gold has approached $4,300 per ounce, leading to a nearly 50% drop in the Bitcoin-to-gold ratio. Tether Gold and Paxos Gold are at the forefront of this market shift, as investors increasingly turn to blockchain-based gold for security. Analysts suggest that the rise of tokenized gold is reshaping investor perceptions of safety within the cryptocurrency space.