- PAXG trading volume surges on Hyperliquid platform.
- Trading volume increased 110.82% to $47.9 million.
- Funding rate remains positive at 0.0013%.
BlockBeats News reports PAXG’s contract trading on Hyperliquid reached $47.9 million, a 110.82% increase in 24 hours, ranking twelfth on the platform.
This surge highlights growing interest in gold-backed tokens amid market fluctuations, impacting PAXG’s positioning and potentially influencing broader crypto market trends.
PAXG Jumps to Twelfth Rank on Hyperliquid
PAXG experienced a marked increase in trading volume on the Hyperliquid platform, climbing to $47.9 million. This activity ranks it twelfth on the platform. Such a surge signifies notable interest and potential shifts in market dynamics involving PAXG.
The increase represents a 110.82% growth compared to the previous period, showcasing heightened trading activity and market engagement. The contract open interest reached $71.51 million, indicating a substantial commitment from traders in this asset class.
It appears that there are no specific quotes or statements available from key players, leadership, or experts related to the news concerning PAX Gold (Paxos) or Hyperliquid. Consequently, I can’t provide direct quotes in the requested format. The analysis highlights trading volumes, market impacts, affected assets, historical precedents, and official reports, but there are no individual statements to extract.
Gold-Backed Tokens Highlight Blockchain Utility
Did you know? Gold-backed tokens like PAXG hit record on-chain volumes of $236 million over two weeks in June 2025 amid geopolitical tensions, further rising as spot gold surpassed $3,100/oz in April 2025.
Based on CoinMarketCap data, PAX Gold (PAXG) is currently priced at $4,803.85, with a market cap of $1.89 billion. The 24-hour trading volume reached $495.07 million, a decrease of 12.67%. PAXG has a circulating supply of 392,485.07 tokens.
Coincu researchers suggest potential impacts on financial markets, given PAXG’s increased trading volume. Insights suggest that PAXG could become an even more attractive asset, with its strong market performance potentially influencing investor strategies and highlighting the use of blockchain in asset-backed tokens.
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Source: https://coincu.com/markets/paxg-trading-surge-hyperliquid/