Birdeye said growth in PAXG and XAUT on Solana has outpaced Ethereum, BNB Chain and Avalanche as low fees and fast finality boosted liquidity and DeFi collateral use.
Solana-based tokenized gold has posted a 689% rise in market capitalization since August 2025, sharply outperforming rival L1 networks (base-layer blockchains) including Ethereum, BNB Chain and Avalanche, according to Birdeye. The on-chain data provider said Solana's low transaction fees and fast finality (quick transaction confirmation) helped deepen on-chain liquidity and expand DeFi collateral (assets pledged in decentralized finance) use for major gold-linked tokens such as PAXG and XAUT across the Solana ecosystem.