PAX Gold
PAXG
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PAX Gold price
in USD$4,031
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USD
Last updated on --.
Market cap
$1.34B #42
Circulating supply
332.55K / 332.55K
All-time high
$4,779.3
24h volume
$372.17M
Rating
3.3 / 5
About PAX Gold
PAX Goldโs price performance
Past year
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3 months
--
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30 days
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7 days
-2.71%
$4.14K
PAX Gold on socials
These days, just looking at @Theo_Network's posts makes me see the next product.
Theo talks a lot about gold, and the wording seems to almost give away the answer..
"Better gold. Coming soon to a network near you"
"Blissfully weightless"
They've been continuously exposing these phrases, which means it might be a signal that the launch of thGLD, the on-chain gold, is just around the corner,,๐ฅธ
Why start with gold?
1. The market supports it. This year, gold futures and options trading hit an all-time high daily volume twice at CME, and gold futures themselves are a globally top-tier liquid asset with millions of ounces traded daily. They are taking a position to push weightless gold at a time when the narrative around gold is strong.
2. From an on-chain perspective, tokenized gold has grown to about $2.9 billion as of the end of September, and the trading volumes of leading players like XAUT and PAXG are also hitting record highs. Since it's already a category with demand, initial distribution, collateral, and borrowing are easier to manage.
They proved the flywheel by layering short-term treasury yields with thBILL on-chain, and by depositing and borrowing in @arbitrum DeFi, you can even earn DRIP incentives. The official documents and blog define thBILL as 'a basket of short-term U.S. Treasury securities from regulated issuers' and summarize the app and exchange integrations.
In other words, since they have already implemented stable returns and immediate composability, expanding into gold feels natural.
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PAX Gold FAQ
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Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as PAX Gold have been created as well.
Check out our PAX Gold price prediction page to forecast future prices and determine your price targets.
Dive deeper into PAX Gold
PAXG is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX).
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (โOKXโ) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$1.34B #42
Circulating supply
332.55K / 332.55K
All-time high
$4,779.3
24h volume
$372.17M
Rating
3.3 / 5