Paxos

Asset market cap circulating for Paxos measures the total USD value of outstanding tokens in circulation for Paxos-issued digital assets (BUSD, Pax Dollar, and PAXG). This metric represents the market capitalization based on the actual circulating supply of these tokens, calculated by tracking mint and burn events from Paxos smart contracts on Ethereum and converting the outstanding supply to USD values using end-of-day price feeds. The metric answers the question: "What is the total market value of Paxos tokens currently in circulation?" and uses a supply-based approach that aggregates actual mint and burn events to determine the precise outstanding supply.Learn more