The market capitalization of Solana-based gold tokens has surged by 689% since August 2025, according to cryptocurrency on-chain data provider Birdeye. This figure significantly outpaces the growth rate of competing L1 networks such as Ethereum, BNB Chain, and Avalanche during the same period. Birdeye explained, "Solana boasts low transaction fees and fast finality. Based on this, the on-chain liquidity and DeFi collateral utilization of major gold-pegged tokens like PAXG and XAUT have significantly expanded within the Solana ecosystem."
