HostSUSDE vs PAXG — price, size and safety, side by side
SUSDE (Ethereum) vs PAXG (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-17 / 2026-10-17.
SUSDE vs PAXG — normalized performance, 2026-09-08 to 2026-10-17T03:15:24
| SUSDE | PAXG | |
|---|---|---|
| Price | $1.25 | $4.15K |
| Market cap | $1.24B | $1.84B |
| 24h volume | $1.49M DEX | $3.65M DEX |
| Liquidity | $26.10M | $20.89M |
| FDV | $1.24B | $1.83B |
| Holders | 12,112 | — |
| Age (days) | 488 | 352 |
| Safety grade | E | B |
Where they differ
- PAXG measures ~2.4× the 24h volume of SUSDE
- over the shared window SUSDE moved +0.90% while PAXG moved −5.78%
What the data says
SUSDE
sUSDe is the yield-bearing half of Ethena's system — USDe locked in the staking contract, accruing the funding-rate and staking yield the delta-neutral hedge generates. That is why it trades above a dollar ($1.24 at our October 6, 2026 read): the price is the receipt appreciating, not a peg. The contract 0x9d39a5de30e57443bff2a8307a4256c8797a3497 is the canonical Ethereum deployment; tracked pool liquidity reads $26.1 million.
The honest mechanics: holding sUSDe means opting into the full Ethena stack — the basis-trade carry (which can go negative), the offshore-exchange custody of the hedge, plus a ~7-day unstaking cooldown on the way out. The cooldown matters in stress: sUSDe can trade at a discount to its accrued value precisely when everyone wants the exit at once. None of this is hypothetical — it is the price of the yield.
PAXG
PAXG is Paxos's tokenized gold — each token a claim on one fine troy ounce held in LBMA vaults in London, making it the most direct on-chain gold exposure in this index. The deployment 0x45804880de22913dafe09f4980848ece6ecbaf78 is the canonical mint; our October 9, 2026 snapshot reads $20.9 million of tracked pool liquidity.
The honest frame is the custodial one: a PAXG is only as good as Paxos's vault attestations and redemption rails — Paxos is a NYDFS-regulated trust, which puts this in the "institutional-grade claim" bucket alongside USDC rather than the commodity-fantasy bucket — but it is still a claim, and redemption has minimums most wallets will never meet. The token tracks spot gold minus the custody premium; what it cannot track is the deep liquidity of actual gold markets.
FAQ
Which is bigger, SUSDE or PAXG?
By tracked market cap: SUSDE (Ethereum) measures $1.24B and PAXG (Ethereum) measures $1.84B — dated snapshots, not a live feed.
Which is safer, SUSDE or PAXG?
On the contract checks we publish: SUSDE (Ethereum) grades E and PAXG (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have SUSDE and PAXG performed over the shared window?
Between 2026-09-08 and 2026-10-17T03:15:24, the measured snapshots show SUSDE at +0.90% and PAXG at −5.78%.
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-10-17T03:15:24; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a HostDeFi product.