Tokenized gold sector surpasses $5.1 billion, with XAUT and PAXG leading the crypto market rally

SerumDegen · 2026-01-23T01:10:10+00:00

The rise in spot gold has driven the popularity of tokenized gold. As of January 23, the total market capitalization of the gold tokenization ecosystem reached $5.12 billion. Among them, XAUT's market cap is $2.579 billion, and PAXG's market cap is $1.989 billion, demonstrating a continued increase in users holding gold through blockchain.

SerumDegen

2026-01-23 01:10:10

Abstract generation in progress

【Blockchain Rhythm】The continued surge in spot gold has also driven the popularity of the tokenized gold sector. As of January 23, the total market capitalization of the entire gold tokenization ecosystem has reached $5.12 billion, with a 24-hour increase of over 4%.

The most prominent performer is XAUT. This tokenized gold product backed by Tether has a market cap of $2.579 billion, ranking 50th in the cryptocurrency market cap list. This indicates that more and more users are beginning to hold gold exposure on-chain.

PAXG follows closely behind, with a market cap of $1.989 billion, ranking 57th. The two leading gold tokens are working together to boost the overall sector’s popularity. From the data, the trend of traditional commodities migrating to blockchain is accelerating, and the market is re-evaluating the potential of the gold tokenization track.

PAXG1,24%

XAUT1,2%

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SybilSlayer

· 18h ago

XAUT has reached the Top 50? This wave of profit-making effect is really impressive. It's a real regret not to have bought the dip when the opportunity was there.

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DeFiAlchemist

· 18h ago

*adjusts alchemical instruments* the transmutation accelerates... 51.2B in tokenized gold? that's the philosopher's stone finally manifesting in our timeline, ngl

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BoredWatcher

· 18h ago

More and more people are getting into gold investing, which shows that everyone is starting to find spot trading too troublesome. The recent surge in XAUT is indeed fierce, but I still have some doubts about Tether's backing... Do you believe it? Tokenized gold feels like putting traditional assets into a blockchain shell. Can it really go mainstream? I'll just watch quietly and see if one day PAXG surpasses XAUT. Gold never sleeps, but how long can tokenization stay popular? Honestly, can this sector's popularity last until next year? I don't understand. I'm a bit worried about the risks of Tether, even though XAUT's market cap is so large... It's not about blacklisting; I just think holding gold on-chain might be a bit redundant. Wait, could this surge be just short-term speculation again? The prospects for gold tokenization are good, but I'm just afraid no one will take over later.

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PumpDoctrine

· 18h ago

Gold is really going on the chain, it feels like this time is different

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degenonymous

· 18h ago

Gold tokenization is really taking off now, and traditional assets are about to be swallowed by the chain.

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