PAX Gold

État actuel : PAX Gold is trading at $4,550.39 with a $2.1 billion market capitalization (rank #42). The price moved +0.00% over the past 24 hours and is +0.00% over 7 days; the 30-day move stands at +0.00% and the 90-day at +0.00%.

Position dans le cycle :

Volatilité et structure : 30-day realized volatility of —% annualized is not currently computable for an asset this size. Our composite multi-horizon Price Strength reads Neutral (50/100), with a mixed multi-horizon profile and no clear directional bias.

PAX Gold (PAXG) is une cryptomonnaie, négociée sur les marchés mondiaux d'actifs numériques. It trades at $4,550.39 as of the latest update, with a 24-hour move up 0.35%, placing it at rank #42 by market capitalisation among all listed digital assets. PAX Gold's current market cap stands at $2.14B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

Sur cette page, vous trouverez un tableau de bord en direct, actualisé quotidiennement, qui suit PAX Gold à travers plusieurs sources de données — historique des cours sur plusieurs années, activité on-chain quand disponible, fondamentaux comme l'offre en circulation et la dilution, principales plateformes par volume, analyse technique avec moyennes mobiles et RSI, et une prévision algorithmique à court, moyen et long terme. Tous les chiffres proviennent d'APIs publiques et sont mis en cache localement ; rien ici n'est un conseil en investissement.

PAX Gold is part of the tokenized real-world asset (RWA) sector — a growing category where traditional financial instruments are issued or wrapped on-chain to combine TradFi yield with crypto-native composability. RWA adoption has accelerated meaningfully with institutional participation from BlackRock (BUIDL), Franklin Templeton, Ondo Finance, and others.

PAX Gold tokenise un actif du monde réel (typiquement des Trésors US, parts de fonds monétaires, crédit privé ou exposition aux matières premières) et apporte cette exposition on-chain. Un custodian off-chain ou émetteur de fonds détient l'actif sous-jacent, et un token on-chain équivalent est frappé, fournissant un accès programmable au rendement ou collatéral TradFi.

The token's value tracks the underlying asset, not open-market speculation. Yield (where present) accrues to holders either via rebasing supply, automatic compounding, or distribution events specified by the issuer.

Primary use cases: on-chain access to US Treasury yield (the largest RWA category), collateral for crypto-native lending and structured products, treasury management for DAOs and crypto-native businesses, and on-chain settlement of TradFi-equivalent products. Adoption tracks regulatory clarity and the issuing institution's credibility.

PAX Gold's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation.

For thesis-building, the relevant question is whether the structural value accrual mechanism (fee burns, staking yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

The macro backdrop for crypto assets in 2026 is dominated by the Federal Reserve's rate path, the trajectory of dollar liquidity, and the unwind (or non-unwind) of the post-2020 expansion in M2 money supply. Crypto assets — and Bitcoin in particular — have historically responded most strongly to changes in the global liquidity regime, with risk-on phases coinciding with falling real yields and a softening dollar, and risk-off phases the inverse.

The cross-asset relationships worth monitoring: the dollar index (DXY) — historically inversely correlated with crypto over longer windows; the 10-year Treasury yield — a proxy for the cost of risk capital; gold — which often shares "monetary hedge" framing with Bitcoin during certain regime changes; and the S&P 500 — which during liquidity-driven moves often rhymes with crypto despite the popular framing of crypto as uncorrelated.

For PAX Gold specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, PAXG tends to follow; when they contract, the relationship typically reverses.

Specific risks: issuer/custodian risk (the underlying asset depends on an off-chain entity's solvency and operational integrity), regulatory risk (RWA classification is jurisdiction-specific and actively evolving), redemption risk (some RWAs gate redemption by amount, holding period, or KYC status), smart contract risk in the on-chain wrapper, and liquidity risk in secondary markets (institutional RWAs may have thin on-chain liquidity outside primary issuance).