Paxos Gold
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Protocol TVL
About Paxos Gold
PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Paxos Gold's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
TVL corresponds to the total amount of PAXG minted
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Paxos Gold tokenomics and on-chain capital
Paxos Gold's governance or utility token carries a market capitalisation of $2.5B based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($2.5B) and TVL ($2.5B) trade close together, giving a mcap/TVL multiple of 0.99× — broadly the range market participants treat as "fair" for an established DeFi protocol.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Paxos Gold Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Jul 9, 2024Listed on DeFiLlama
- Aug 23, 2024Transfer fee was set to 0
Protocol Profile
Paxos Gold operates in the RWA category of DeFi. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol. DeFiLlama tracks 1 historical event for this protocol since 2024.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Paxos Gold is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Token market cap ($2.5B) and TVL ($2.5B) trade at a ratio of 0.99, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Paxos Gold — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other RWA protocols on Mantapex
Paxos Gold is one of 7 RWA protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Tether Gold, BlackRock BUIDL, Circle USYC, and 3 more. These peer protocols collectively secure $13B in deposits, giving you a frame of reference for whether Paxos Gold's own TVL is at the top, middle, or tail of the category.
Recent Paxos Gold news
Latest reporting from major crypto news outlets covering Paxos Gold.
- Crypto Economy
Paxos Gold Token Records $248 Million in Inflows as Crypto Investors Seek Refuge
TL;DR Investors are piling into tokenized gold, with Paxos Gold (PAXG) seeing record January inflows. Surging physical gold prices above $5,300 drive value and demand for the…
- Coindesk
Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted.
- The Block
Paxos Gold's $500 million milestone highlights increasing TradFi interest in gold-backed crypto
The steady growth of PAXG highlights a growing trend: TradFi investors are increasingly looking for ways to dip their toes into the crypto water.
- The Block
Paxos recovers $20 million in gold tokens stolen in the FTX hack
Paxos has reclaimed 11,184 Paxos Gold (PAXG) tokens worth $20 million taken during the FTX hack. The post Paxos recovers $20 million in gold tokens stolen in the FTX hack appeared…
- Blockonomi
Tokenized Gold Market Surpasses $6 Billion as XAUT and PAXG Dominate Sector Growth
Tether Gold and Paxos Gold control 96.7% of the tokenized gold market share
- AMBCrypto
All about Tether's $150M bet on digital gold and what it means
Can Tether gold maintain its lead amid Paxos Gold's massive growth?
- Tokenpost
Gold-Backed Cryptocurrencies Drop Amid Gold Price Decline
Gold-backed cryptocurrencies, including Paxos Gold (PAXG) and Tether Gold (XAUT), dropped about 1% in the past week to around $2,900 as gold prices fell sharply after gaining over…
- TheNewsCrypto
World Gold Council Proposes “Gold as a Service” Framework Impacting Tokenized Gold Market
The World Gold Council created “Gold as a Service” to facilitate standardized tokenized gold infrastructure and make markets more efficient. This framework has the potential to…
Related protocols
Other DeFi protocols connected to Paxos Gold by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
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Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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