The use of tokens ERC20 based on the Ethereum blockchain, continues to grow. According to some estimates, the total market capitalization of all tokens ERC20 is $12.8 billion Data provided Santiment, showing 16% growth compared to last August. At that time, the total market capitalization of ERC20 was $11 billion.
Ethereum (ETH) is one of the most popular platforms on the market building decentralized networks. It allows projects and initial proposals of coins (ICO) to launch their tokens on the blockchain. In addition, developers can also run the smart contracts using Ethereum.
In recent years, the number of tokens built on Ethereum has increased and this trend shows that in recent months, the total value of tokens ERC20 increased, compared with a market capitalization of Ethereum.
ERC20 still out of competition
Currently Ethereum is trading slightly above the $200 level and has a market capitalization of $20 billion Over the past two months, the virtual currency lost 33% of its value. At the same time, other tokens, created on the basis ERC20, showed better performance than the ETH. According to the latest data tokens ERC20 reached 60% of the market capitalization of ETH.
A separate ICO, now sell your ETH to Fund development and operation. Over the last month has sold more than 130 000 ETH.
Now the most valuable token on the basis of the ERC20 is Binance Coin (BNB), which is used by crypto currency exchange Binance. It has a market cap of $1.26 billion, see thefollowing, the most valuable tokens on the basis of ERC20 are VeChain (VET), Maker (MKR) OmiseGO (OMG) and 0x (ZRX).
At this time, there is a worthy competitor ERC20 that would soon outshine Ethereum. In the coming months, the developers intend to strengthen the work on different scaling solutions for the blockchain. This can help ETH to achieve even better performance in the future.
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Tags: ERC20 Ethereum