XAUT Drives Tokenized Gold Surge Amid Inflation Concerns
Tokenized gold has seen a resurgence in popularity as investors turn to blockchain-based assets for hedging, collateral, and leveraged speculation. XAUT, Tether's gold-backed token, is at the forefront of this renewed interest.
Trading volumes for XAUT have been elevated compared to earlier periods this year, with market activity accelerating in August when volumes approached their 2026 highs. The token has also become more useful within lending platforms and collateral markets.
XAUT's liquidity on Uniswap V3 reached $2.39 million during the reported period, deepening decentralized access beyond centralized exchanges. The token now ranks among the most actively traded gold-backed assets on decentralized exchanges, with XAUT and PAXG offering crypto traders direct exposure without leaving blockchain markets.
Hyperliquid's gold perpetual futures market saw a return to $750 million in open interest, with large traders mostly positioned long. Short sellers faced pressure, with unrealized losses nearing $2.2 million on September 4.