---
title: "Commodity-backed tokens surpass $1.1b market cap, gold most popular"
url: https://diffcoin.com/commodity-backed-tokens-surpass-1-1b-market-cap-gold-most-popular/
description: "A CoinGecko report shows that gold-backed tokens like Tether Gold (XAUT) and PAX Gold (PAXG) account for 83% of the market cap."
published: 2024-03-22
updated: 2024-03-22
author: "Mila"
site: "Diffcoin"
---

# Commodity-backed tokens surpass $1.1b market cap, gold most popular

A CoinGecko report shows that gold-backed tokens like Tether Gold (XAUT) and PAX Gold (PAXG) account for 83% of the market cap. 
 
[Source link](https://cryptobriefing.com/gold-backed-crypto-tokens-dominate-commodity-market/)