Crude Oil
Tokenized crude oil offers direct blockchain exposure to global energy markets.
Top gainers this week
Top losers this week
$USOR has led the category 7 days running this week
Down 48 places this week, $ASOS is losing steam
$WOFI -42 places this week
$WOFI · 3 gem score this week
$USOR hit a gem score of 77 this week
47 tokens rose and 38 fell this week
Down 72 places this month, $WOFI is losing steam
Frequently asked questions
How has Crude Oil performed recently?
The Crude Oil token category has seen varied activity. Over the last 7 days, 40 tokens were up while 35 were down. US OIL TRUMP (USOL) surged, ranking 21 spots higher with a 203.3% score increase, followed by WTI Crude Oil (WTI) and United States Oil Holdings (USOH). Conversely, World Oil Fund Institution (WOFI), American Strategic Oil Supply (ASOS), and other World Oil Fund Institution (WOFI) tokens experienced significant declines, with ASOS dropping 38 ranks and -87.2% in score. U.S Oil (USOR) exhibited strong momentum, leading with a 7-day streak and the highest score of 76.5234, a position it maintained over the 30-day window with a perfect 30-day streak. The 30-day period showed 30 tokens up and 45 down. United States Oil Holdings (USOH) was a top climber with a 102.8% score increase and 23 rank jump, alongside Vanguard Oil Retirement Fund (VORF) and Chinese Digital Oil Fund (CDOF). On the other hand, World Oil Fund Institution (WOFI), United Oil Trust Fund (UOTF), and American Strategic Oil Supply (ASOS) were among the biggest fallers over 30 days. Russian Oil Asset Fund (ROAF) entered the top K over both 7-day and 30-day windows, while World Collective Oil Reserve (WCOR) exited the top K in the 7-day period, and American Oil Reserve (AOR) and Vanguard Digital Oil Reserve (VDOR) exited over 30 days.
What are tokenized crude oil assets?
Tokenized crude oil assets are digital representations of underlying crude oil commodities, traded on a blockchain. These tokens aim to provide investors with a way to gain exposure to crude oil prices through a digital asset.
How do tokenized crude oil assets work?
Tokenized crude oil assets typically work by having real crude oil or crude oil futures contracts held in reserve by a custodian. Each token represents a fractional ownership or claim on a specific amount of this underlying asset, with transactions recorded on a distributed ledger.
What are the benefits of investing in tokenized crude oil?
Benefits may include increased accessibility to the crude oil market, fractional ownership, enhanced liquidity, and the transparency and security provided by blockchain technology. Investors may also find it easier to diversify their portfolios with commodity exposure through tokens.
What are the risks associated with tokenized crude oil?
Risks include price volatility inherent in crude oil markets, regulatory uncertainty in the crypto space, counterparty risk associated with the issuer and custodian, and potential smart contract vulnerabilities. Market liquidity for specific tokens can also be a factor.
Where can I trade tokenized crude oil?
Tokenized crude oil assets are typically traded on specialized decentralized exchanges (DEXs) or centralized cryptocurrency exchanges that list RWA (Real World Asset) tokens. Availability depends on the specific token and platform.