Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
Rise 40%
Fall 60%
$5,292.32
#57
$2,055,976,373
$6,192,405
406,503.45
406,503.45
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. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.
Rank #6
$1.0000
+0.01%
Rank #38
$0.9990
-0.08%
Rank #50
$5,282.1
+4.03%
Rank #154
$0.3467
+1.51%
Rank #155
$0.9982
-0.02%
Rank #355
$0.4141
+0.62%
Rank #634
$1.01
+0.03%
Rank #694
$1.01
+3.72%
Rank #1026
$0.7814
-0.21%
Rank #4156
$0.009387
+12.38%
Rank #16142
$18.08
+0%
22 Jan 2026, 12:07
Traders on Hyperliquid shifted to tokenized gold, putting it among the top 10 most actively traded assets. Whales are predominantly long on gold. Hyperliquid has become a venue for tokenized gold , putting PAXG among the top 10 most traded assets. As gold reached new records, while BTC lagged, traders used the available on-chain infrastructure to switch to the more actively appreciating asset. Traders have shown renewed interest in tokenized metals, as gold approached $5,000 while BTC lagged . PAXG traded at a premium to spot gold, becoming one of the most bullish tokens on Hyperliquid. | Source: Coingecko PAXG is one of the two major tokenized gold tokens, in addition to Tether’s XAUT. The asset was selected for derivative trading on Hyperliquid, lining up among blue-chip crypto coins. Hyperliquid traders go long on gold Hyperliquid whales built long positions on PAXG, taking up over 89% of open interest. PAXG open interest as a whole rose near a three-year high, to over $220M. Outside Hyperliquid , traders are more cautious longing PAXG, with only 59% in long positions. The growth in long positions is also more gradual, signaling Hyperliquid as the hottest venue for gold speculation. Spot gold on international markets traded near its all-time peak at $4,830.05. PAXG saw increasing interest in trading, showing a premium at $4,841.56. The token is still mostly relying on its Binance pair for the bulk of centralized volumes. Gold-backed tokens are just entering decentralized trading, as crypto networks are switching to traditional assets. PAXG also traded at a premium to Tether’s XAUT, which settled at $4,826.23. XAUT is valued at $2.5B in total, with $300M in daily trading. In the past days, PAXG achieved higher daily volumes of over $441M. PAXG tracks the spot gold price closely, with the exception of short-term premiums. PAXG and gold trading attracts whales PAXG is still traded as a novelty token. Its overwhelming bullish open interest of 89% depends on the size of positions, rather than the number of traders. On Hyperliquid, a total of 18 whales are making bets on PAXG, evenly split between long and short traders. Short positions are receiving small fees from holding onto the unpopular side of the market. Currently, the biggest position for $10.52M was short, holding an unrealized loss of $445K. Long traders are cautious, posting much smaller positions for now. Recently, one whale built a notable position on XYZ:silver and XYZ:gold, two of the other tokenized options on Hyperliquid. The whale’s positions hold a small unrealized loss. For now, the tokenized metals are still traded at lower volumes compared to crypto native tokens. The whale’s total positions are for just under $1M. The recent inclusion of gold and tokenized stocks on crypto exchanges aims to offset the slower altcoin volumes. The trading also means platforms can continue to draw in high daily fees, even with a general market downturn. Hyperliquid is still in the top 5 fee producers, with $3.41M in revenues for the past day. If you're reading this, you’re already ahead. Stay there with our newsletter .
30 Dec 2025, 12:41
WEEX Launches PAXG Tokenized Gold and XAUt with 1:1 Physical Backing and 24/7 Trading, Expanding Precious Metals Tokenization
17 Dec 2025, 09:11
Tokenized gold has surpassed $4 billion in total value locked on blockchain networks in 2025, reflecting a shift where investors favor stable, gold-backed assets over Bitcoin amid market volatility. This trend highlights gold's role as a digital safe haven, with supplies of major tokens like Tether Gold and Paxos Gold driving the surge. Tokenized gold [...]
10 Dec 2025, 16:30
Tokenized gold and silver have outperformed Bitcoin in 2025, with PAXG and KAG reaching new all-time highs amid market volatility. Investors are rotating into these real-world assets as crypto-native hedges, boosting their market caps from $1.8 billion to over $4 billion for tokenized gold. Tokenized gold (PAXG) and silver (KAG) have surged past Bitcoin's performance [...]
