Hyperliquid vs PAX Gold

Hyperliquid is a exchange-linked market proxy with $20.73B in market cap, while PAX Gold is a PAXG market beta asset with $1.86B. The useful comparison is market role, liquidity, seven-day direction, and which follow-up page gives the cleaner next decision.

Snapshot comparison. HYPE data as of Sep 27, 2026, 1:20 AM UTC; PAXG data as of Sep 27, 2026, 1:20 AM UTC. Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

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Comparison Table

What changes between HYPE and PAXG.

Compare market role and supply as well as unit price. Reported trading volume is not the amount you can execute at the displayed price. This table is a research aid, not a recommendation.

Question	Hyperliquid	PAX Gold
Market role	exchange-linked market proxy	PAXG market beta asset
Price	$93.19	$4,279.02
Market cap	$20.73B	$1.86B
24h volume	$519.56M	$48.35M
7d change	+0.74%	-1.96%
Relative size	Hyperliquid is 11.14x PAX Gold's market cap	PAX Gold is 0.09x Hyperliquid's market cap
Volume comparison	Hyperliquid trades at 10.75x PAX Gold's 24h volume	PAX Gold trades at 0.09x Hyperliquid's 24h volume