Under the severe fluctuations of gold, on-chain trading of Byreal heats up, and the yield of Bybit Alpha Farm rises

On December 29, international gold prices experienced a significant reversal, with a daily decline of over 4%. Driven by the sharp price fluctuations, the trading activity of gold on the Byreal chain significantly increased, with a trading volume reaching 1.22 million USD on that day.

The increase in trading volume directly boosted the liquidity staking yields, with the annual percentage rate (APR) of related pools reaching as high as 155%. Users can participate in liquidity staking with one click through the Alpha Farm on the Bybit platform, without the need to create a wallet or hold Gas tokens, thus earning on-chain transaction fee rewards.

At the same time, Bybit is conducting a month-long Farm staking event, where users can share a reward pool of 300,000 USDT. In terms of trading methods, users can either use 500+ tokens to instantly exchange for XAUT or directly buy gold tokens through spot trading, and combine it with the DCA Bot dollar-cost averaging strategy to gradually reduce the long-term holding costs during price pullbacks.