PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities.
Order Book
Latest
Large Trades
Price (USDT)
Amount (PAXG)
Total (PAXG)
$4,472.76
$4,472.76
60%
39%
Bullish
Bearish
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Token Terminal 📊
05-25 03:13
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The on-chain market capitalization of tokenized commodities has reached $7.3 billion.
Major assets: XAUT, JMWH, PAXG
Major issuers: @tether, @justokenglobal, @Paxos
Major blockchains: @ethereum, @XRPLF, @arbitrum
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a16z crypto
05-23 05:20
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The tokenized commodity market is almost entirely comprised of gold.
Gold is clearly well-suited for tokenization: it is global, standardized, and already traceable through paper certificates.
Furthermore, cryptocurrency investors have long understood this. Bitcoin was dubbed "digital gold" long before the rise of tokenized gold.
XAUt and PAXG port the familiar gold ownership model to the blockchain, transforming the equity of gold held in vaults into on-chain tokens stored in wallets.
The tokenization process for all other commodities (tokenized oil, crops, energy, computing power, etc.) began earlier and has a smaller market share.
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Token Terminal 📊
05-22 19:37
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Ethereum Risk-Weighted Assets (RWA) Status Quo 👇
Main Sectors: Funds, Commodities, Stocks
Main Assets: sUSDS, XAUT, PAXG
Main Issuers: @SkyMoney, @tether, @Paxos
Ethereum Market Share: 60.5%, Market Cap: $25.1 billion
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Token Terminal 📊
05-22 07:49
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Ethereum Risk-Weighted Assets (RWA) Status Quo 👇
Main Industries: Funds, Commodities, Stocks
Main Assets: sUSDS, XAUT, PAXG
Main Issuers: @SkyMoney, @tether, @Paxos
Ethereum Market Share: 60.5%, Market Cap: $25.1 billion
Click here to explore the Ethereum RWA ecosystem:
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Token Terminal 📊
05-19 01:08
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Not all tokenized assets grow at the same rate.
Within each category, there are some standout assets that drive market adoption and market capitalization growth more effectively than others:
▪️ Stablecoins: USDT, USDC
▪️ Tokenized Funds: sUSDS, USYC
▪️ Tokenized Commodities: XAUT, PAXG
▪️ Tokenized Stocks: CRCLon, STRCx
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Token Terminal 📊
05-18 21:52
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Not all tokenized assets grow at the same rate.
Within each category, there are some standout assets that drive market adoption and market capitalization growth more effectively than others:
▪️ Stablecoins: USDT, USDC
▪️ Tokenized Funds: sUSDS, USYC
▪️ Tokenized Commodities: XAUT, PAXG
▪️ Tokenized Stocks: CRCLon, STRCx
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Causeway Bay Happy Bro
05-17 07:43
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1. @altdotfun Introduction - A Brand New DeFi Project on HyperEVM
- Introduction: AltFun is a token issuance platform on HyperEVM.
- Tokens issued on this platform are paired with tokenized Perp tokens on Hyperliquid (HyperCore). This is not like other issuance platforms that directly issue new spot assets.
- How are assets issued on this platform priced?
1. Trading activity on decentralized exchanges (DEXs) (e.g., buying and selling).
2. Evaluating the leverage performance of the underlying asset based on the price of the corresponding Perp token.
- Therefore, you can understand that tokens issued on this platform contain the following information:
1. The underlying Perp asset (e.g., BTC or PAXG).
2. Direction (long or short).
3. Leverage multiplier (e.g., 2x or 5x).
When the token price reaches $9,000 according to the curve value, they will open a liquidity pool on @HyperSwapX.
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Chaos the Little Catcher
05-11 16:36
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Single-coin profit exceeds one million US dollars
Wintermute liquidates ETH and goes on a gold buying spree
An address under Windtermute Trading sold almost all of its ETH holdings.
▌This address received 3042 ETH in 2023.
▌Sold in batches in December 2025, making a profit of approximately 3.16 million US dollars.
After reducing its ETH holdings, Windtermute Trading turned to increasing its on-chain gold holdings. Its current holdings are approximately:
PAXG: approximately 4.6 million US dollars
XAUt: approximately 4.5 million US dollars
Address: 0x8288618eb9e16bf1d08266085ad1a59f24a59d8b
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Wu Blockchain
05-11 16:23
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Tokenized gold spot trading volume in Q1 surpasses total trading volume for the entire year of 2025
According to CoinGecko data, the spot trading volume of tokenized gold products reached $90.7 billion in Q1 2026, exceeding the $84.6 billion spot trading volume for the entire year of 2025. The tokenized gold market is primarily led by two major tokens: PAXG and XAUT.
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Wu Blockchain
05-11 14:46
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According to data from CoinGecko, Wu learned that the spot trading volume of tokenized gold reached $90.7 billion in the first quarter of 2026, exceeding the $84.6 billion trading volume for the entire year of 2025. Tokenized gold is mainly dominated by PAXG and XAUT.