OnChain Benchmark Tokenized commodities
Tokens backed by a physical commodity held in custody, almost all of it gold. One token, one claim on real metal.
Measured onchain
$5.5B
1.9% of all capital OnChain Benchmark measures
Instruments
14
from 11 issuers
Chains
13
led by Ethereum
What the numbers say
What the data shows for this class.
XAUt is 54% of everything we measure in this class.
The remaining 13 instruments share 46%.
Ethereum carries 87% of this class.
Spread across 13 chains, but the weight sits on one.
Tether issues 54% of this class.
11 issuers in total; the rest share 46%.
The evidence
XAUt is 54% of this class.
The top three of 14 instruments account for 91%.
| Instrument | Issuer | Share | Chains | Measured (USD)▼ |
|---|---|---|---|---|
| XAUt | Tether | $3.0B | ||
| PAXG | Paxos | $1.7B | ||
| KAU | Kinesis Money | $340.8M | ||
| KAG | Kinesis Money | $180.3M | ||
| GGBR | Goldfish | $97.1M | ||
| PGOLD | Pleasing | $80.0M | ||
| XAUM | Matrixdock | $63.3M | ||
| VRO | CrypCool | $45.9M | ||
| TXAU | Aurus Technologies | $5.4M | ||
| XAGM | Matrixdock | $3.6M | ||
| SILV | Dominion Silver | $3.5M | ||
| CGO | ComTech FZCO | $3.0M | ||
| TXAG | Aurus Technologies | $1.2M | ||
| MCAU | Meld Gold | $110.5K |
Where it lives
Ethereum holds 87% of this class.
Split across 13 chains we measure. Each links to that chain's own page.
Capital over time
tokenized commodities capital, measured daily.
Outstanding capital measured on each chain, every day since we began the daily series. Pick a window to zoom the period; the top chains carry their own band and the rest fold into “Other.”
OnChain Benchmark · Tokenized commodities
Tokenized commodities capital by chain
Coverage
What this figure includes.
An instrument counts when its supply is read onchain and valued at a live price.
1 instrument is catalogued but not counted here — mostly not yet read onchain at a live price.
