Tokenized Gold Is Getting Destroyed – Hyperliquid (HYPE) Perps Just Won the War

Tokenized gold was supposed to be one of crypto’s easiest wins. The pitch was bring real-world gold onto the blockchain, trade it anytime, and skip the traditional barriers.  Tokens like PAXG and XAUT were built to do exactly that, giving crypto users exposure to gold without leaving the ecosystem. But the market just delivered a