Tether XAUT Gold Gains Attention Again with Increased Activity and $750 Million in Open Contracts

Tether's gold token XAUT has regained attention in August, primarily due to the growth in decentralized exchange (DEX) trading, supply expansion, and advancements in the perpetual futures market. It is expected that by September 2026, the asset's value will reach $3.15 billion, with an additional $59 million flowing in as of September 4. According to Dune Analytics, XAUT and PAXG are among the most actively traded gold-backed tokens, with XAUT's trading volume on Uniswap V3 reaching approximately $2.39 million, showing increased usage in August. Gold has also regained attention in the perpetual contracts of HIP-3, with open contracts rising to $750 million and daily trading volume reaching $299 million. XAUT can also be used as collateral on Lighter, enhancing its market utility. The largest gold bull whale held over $273,000 in unrealized gains as of September 4, while the largest short position accumulated an unrealized loss of $2.2 million. Another source of demand comes from a wallet associated with the AI agent Antalpha, which has increased its positions by multiple transactions of 1,000 XAUT over the past month, holding a total of 16,120 XAUT valued at over $71 million. The user base of XAUT is also expanding, with the total number of holders reaching 84,756 wallets, a growth of over 16% in 30 days. In August, over $4.6 billion in value flowed through the token, with active addresses exceeding 53,000, primarily concentrated on Ethereum.

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