TXAG, issued by Aurus Markets DMCC, is a digital token representing physical silver on a fixed weight basis, where each token corresponds to one gram of silver held in audited and insured vaults [S1][S2].

Each TXAG token tracks the price of one gram of physical silver, with holdings backed 1:1 by metal sourced from accredited refineries and stored across multiple verified locations [S1][S3][S2]. AURUS advertises low transaction fees and zero storage costs on the metal tokens, while protocol fees are collected on minting, burning, and transfers of the metal tokens, denominated in cGOLD tokens [S1][S4].

Aurus Markets DMCC operates the platform from the Dubai Multi Commodities Centre free zone in the United Arab Emirates [S5]. The token represents physical silver redeemable for metal products, with each token equal to one gram of silver stored in insured and audited vaults via partnered bullion providers [S1][S2]. Holders can exchange tokens for physical silver products offered by trusted bullion brokers [S1][S2]. The metal is held across multiple verified locations through partnered bullion providers [S2].

TXAG is presented as a multi-chain token with Ethereum, Polygon, and Base referenced on the product pages [S1][S2]. Tokens are minted and burned on the platform against physical metal reserves, with protocol fees collected on mint, burn, and transfer [S4]. Reserve and supply consistency is verified through Chainlink Proof-of-Reserves [S2].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://aurus.org/tsilver" },
    { id: "S2", url: "https://aurus.org/tgold" },
    { id: "S3", url: "https://aurus.org" },
    { id: "S4", url: "https://aurus.org/$aurus" },
    { id: "S5", url: "https://aurus.org/Privacy_Policy.pdf" },
  ]}
/>


# Asset holders methodology

## 1. Overview

Asset holders is measured as the number of unique addresses that hold a non-zero balance of a project’s assets. This metric is used by investors to track the expansion or contraction of the asset holder base over time. Data is aggregated daily for each tracked asset across all supported blockchain networks.

## 2. Data sources

- **EVM chain data**: Ledger state and ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others).
- **Solana instructions**: SPL token account data and transfer instructions.
- **Other chain types**: Account and balance data from Aptos, Near, and Polkadot Asset Hub.
- **Asset metadata**: Token contract addresses and decimal precision retrieved from asset metadata.

## 3. Step-by-step calculation

### Component A: Address balance identification

- **Purpose**: Identify all unique addresses associated with a specific token and determine their current holdings.
- **Logic**: For EVM-compatible chains, balances are derived by parsing ERC-20 `Transfer` events or by querying the ledger state for all addresses that have interacted with the token contract. On Solana, account balances are retrieved from the SPL token program. Similar account-based balance records are extracted for Aptos, Near, and Polkadot Asset Hub to identify the population of potential holders.
- **Key fields**: `token_address` (the contract address of the asset), `address` (the unique identifier of the holder), `timestamp` (the time of the state record).

### Component B: Normalization and non-zero filtering

- **Purpose**: Ensure token amounts are accurate and exclude addresses that no longer hold the asset.
- **Logic**: Decimal precision is retrieved from token metadata for each asset. All raw amounts are normalized by decimal precision. A filter is applied to exclude any address where the resulting balance is zero. Only addresses with a positive balance are retained for the final count.
- **Key fields**: `amount` (the normalized quantity of tokens held), `decimals` (the precision factor for the asset).

### Component C: Daily aggregation and gap filling

- **Purpose**: Calculate the final daily count and ensure continuity in the time series.
- **Logic**: Unique addresses are counted for each asset per chain on a daily grain. The data is combined across all chains to provide a total holder count per asset. For days where no new balance changes are recorded, the metric is filled with zero values or the previous known state is maintained to ensure a continuous daily record.
- **Key fields**: `asset_holders` (the count of unique addresses), `timestamp` (the day of the observation).

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique addresses holding a non-zero balance of the asset.

Asset holders

Tokenized commodities

website

twitter

Stablecoin issuers

Aurus

tSilver (TXAG) is a silver-backed token issued by Aurus.

TXAG has been issued on Ethereum as an ERC-20 token since October 2022.

tSilverTXAG