Tokenized commodities market value tops $6B as Ethereum-backed digital gold surges in 2026

The tokenized commodities market has climbed past $6 billion in value in 2026, driven largely by gold-backed assets on Ethereum. XAUT now holds a $3.6 billion market cap and PAXG has reached $2.3 billion, while versions on other chains continue to grow more slowly. Ethereum remains the primary network for these tokens, as investors seek on-chain exposure to physical gold without handling storage or intermediaries.