The total number of ERC-20 tokens currently in existence stands at approximately 364,000. These tokens are built on the Ethereum blockchain and serve various purposes in the decentralized finance ecosystem.
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ChiaraMon Nov 11 2024
The value of an ERC-20 token is primarily determined by its supply and demand dynamics. This economic principle applies universally to all cryptocurrencies, including those based on the ERC-20 standard.
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CryptoTamerMon Nov 11 2024
Binance Coin (BNB) is one of the most valuable ERC-20 tokens, with a market capitalization of $39 billion. Its value has been driven by the popularity of the Binance exchange and its extensive ecosystem.
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GwanghwamunPrideSun Nov 10 2024
Tether (USDT) is another notable ERC-20 token, boasting a market capitalization of $35 billion. It is a stablecoin pegged to the US dollar, providing a stable value proposition in the volatile cryptocurrency market.
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Chloe_thompson_artistSun Nov 10 2024
Chainlink (LINK) is also among the top ERC-20 tokens, with a market capitalization of $10 billion. It serves as a decentralized oracle network, providing real-world data to blockchain smart contracts.