High speed serializers use phased-locked loops (PLLs) or frequency-locked loops (FLLs) to convert a low-frequency reference clock up to the required frequency, which is usually half of the line rate. This is almost universal for a number of reasons.
First, serial line rates need to be rather precise (ppm) so that clock-data recovery can work, and it is rather difficult to make a precision oscillator at many GHz - oscillators at that frequency tend to be either tunable (and hence will be locked to a low-frequency reference...with a PLL) or not particularly precise (percent instead of PPM). Using PLLs also means that a single high-precision oscillator can be used as a reference for many different transceiver channels, even running at different rates.
Additionally, having a reference oscillator at line rate is going to produce all sorts of EMI. Running high frequency signals all over the place can also consume a lot of power, as opposed to generating it near where it is to be used. Not to mention all of the additional constraints for high-frequency design (placement, routing, impedance control, etc.).
Using a PLL also means that changing the line rate is very simple and usually can be done by simply changing some divider settings, which can be done at run time. This permits Ethernet interfaces to easily switch between 1G (1.25 Gbps), 10G (10.3125 Gbps), and 25G (25.78125 Gbps) rates, PCIe to switch between 2.5, 5, and 8 Gbps, etc. Providing separate oscillators for each required line rate would significantly increase the cost and complexity.
The PLL works by using a VCO (or other tunable oscillator) to generate the high frequency, then dividing both the output and the reference, filtering, comparing the two using a phase and frequency detector (PFD), and then continuously adjusting the VCO tuning voltage so that the divided output tracks the divided reference. This has the effect of scaling the reference frequency by a rational fraction. Since the output is locked to the reference, the output frequency will have the same precision as the reference frequency over long time scales.