News 
Coin Information 
About us 
Customer Service 
Gold’s historic rally continued Monday, with spot prices breaking through $3,800 per ounce to set new all-time highs. The precious metal has surged nearly 47% year-to-date, cementing its position as one of the best-performing assets of 2025. This momentum is also driving demand across blockchain rails, where gold-backed tokens have reached a record market capitalization of $2.88 billion, according to CoinGecko.
Tokenized gold assets, such as Tether Gold (XAUT) and Paxos’ PAX Gold (PAXG), are digital representations of physical reserves that enable 24/7 trading and instant transfers. These tokens have become increasingly popular among investors seeking exposure to gold while leveraging blockchain’s liquidity and settlement efficiency.
XAUT and PAXG dominate the sector, with market caps at $1.43 billion and $1.12 billion respectively—both at their highest levels ever. Trading volumes have surged in tandem with prices. PAXG recorded more than $40 million in net inflows during September and set a new milestone with $3.2 billion in monthly turnover, per DeFiLlama. XAUT matched this momentum with a record $3.25 billion in volume. Interestingly, XAUT’s market cap growth this month stemmed solely from gold’s appreciation, as no new tokens were minted following August’s $437 million issuance.
The rally in tokenized gold underscores broader macroeconomic dynamics. Investor expectations of Federal Reserve rate cuts, a weakening U.S. dollar, and concerns over a potential U.S. government shutdown are fueling bullish sentiment. Meanwhile, Bitcoin (BTC), often referred to as “digital gold,” is lagging behind bullion’s momentum, posting a 22% year-to-date return compared to gold’s 47%.
As uncertainty grips traditional markets, tokenized gold is emerging as a bridge between physical assets and digital finance. With rising liquidity and increasing adoption, the market for blockchain-based gold looks poised for further growth amid supportive macro conditions.
Comment 0