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Over $6B: XAUT Futures Volume Rewrites Records On Binance

A gold-backed crypto token jumped from 453rd place to fifth among the many most actively traded perpetual pairs on Binance — all inside a matter of weeks.

XAUT: From Obscurity To The Top 5

Tether’s tokenized gold token, XAUT, recorded a each day perpetual futures buying and selling quantity of $6.40 billion on March 23, in line with knowledge highlighted by CryptoQuant analyst JA Maartunn. That determine dwarfs the place it stood in December 2025, when each day quantity barely crossed $1.50 million.

The climb was quick and unrelenting. By January 2026, each day quantity had moved into the tens of hundreds of thousands. By month’s finish, it was brushing $300 million.

February introduced the primary billion-dollar days, with quantity peaking at $4.17 billion earlier than pulling again sharply. March erased that earlier high completely.

Maartunn mentioned the surge goes past strange price-driven buying and selling. Traders, he argued, look like broadening their focus past conventional crypto belongings. XAUT’s rise, he mentioned, displays that shift.

Volume Climbs As Gold Prices Fall

What makes the numbers tougher to dismiss is the timing. Gold had a wild trip over the identical stretch. Physical gold climbed from roughly $4,200 per ounce to a file $5,602 in late January 2026.

That rally possible drew early consideration to the token. But gold later fell again beneath $5,000, weighed down partly by the continued Iran battle. XAUT’s buying and selling quantity stored climbing anyway.

Binance doesn’t checklist XAUT for spot buying and selling. Access to the token itself is obtainable by way of the Binance Web3 Wallet or decentralized exchanges. The trade limits its direct providing to perpetual futures, which means all of that $6.40 billion in each day quantity is derivatives exercise — not direct purchases of the token.

XAUT presently carries a market cap of $2.54 billion and a completely diluted valuation of $3.21 billion. Each token is backed one-to-one by a troy ounce of bodily gold assembly LBMA Good Delivery requirements. The gold is held in vaults in Switzerland and issued by Tether on the Ethereum and Tron networks.

Binance Expands Its Real-World Asset Offerings

The record volume arrives as Binance strikes so as to add extra real-world asset merchandise. Reports point out the trade is ready to launch perpetual pairs for METAUSDT, NVDAUSDT, and GOOGLUSDT on March 26, every providing as much as 10x leverage. The enlargement alerts rising platform curiosity in bridging conventional monetary belongings with crypto derivatives markets.

Whether XAUT’s quantity holds at these ranges stays to be seen. The token went from a footnote in Binance’s rankings to certainly one of its most traded merchandise in a single quarter — a transfer few would have predicted in the beginning of the yr.

Featured picture from Shutterstock, chart from TradingView

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