CoinDesk••1 min read
DeFi Investors Eye On-Chain Gold Amid Market Volatility: Report
According to a report on CoinDesk, Decentralized Finance (DeFi) investors are increasingly turning to on-chain gold as a safe haven amidst market downturns. Kevin Rusher, founder of RAAC, suggests that the surge in on-chain gold activity indicates a commitment from DeFi participants to remain within the DeFi ecosystem, even during periods of market volatility. The development highlights a potential trend of using tokenized gold as a stable asset within the often turbulent crypto market.
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