Solana-based tokenized gold market cap jumps 689% in a year

The market capitalization of Solana-based tokenized gold has surged 689% since August 2025, far outpacing growth on rival L1 networks including Ethereum, BNB Chain and Avalanche, according to on-chain data provider Birdeye. Birdeye said Solana’s low transaction fees and fast finality have helped significantly expand on-chain liquidity and DeFi collateral use for major gold-linked tokens such as PAXG and XAUT across the Solana ecosystem.