An Ethereum is one of the largest blockchains in the crypto Market. Also it is a capital house of smart contracts and token standards. The ERC20 token development is the chief driving point of Ethereum as it has higher scalability, reliability, and usability to be used in different use cases. So Many individuals prefer to launch ERC20 tokens for their businesses due to these pros.
As a result of this , there are many ERC 20 tokens prevailing in the market. Hence I came up with the Top 10 popular ERC20 tokens list that serves as a benchmark for startups. First, Let’s start with…
What Is ERC20 Token?
ERC20 is a technical standard derived to create ERC20 token. It consists of a list of rules that all Ethereum-base Tokens must be built with. Those rules or standards include functions like Token transfer, Transaction Approval, Token data Access, and Total Token supply. This protocol is important to consider while developing the ERC20 token to ensure compatibility with the Ethereum network.
In the crypto market, create ERC20 token have become popular with their unique functionality.
Let’s see a few of them…
Top 10 Popular ERC20 Token List
The top ERC20 tokens list, here are born to serve as an economic tool in the specific platform and later gained value with their distinct functions.
Chainlink (LINK)
Chainlink is one of the best in the ERC20 tokens list. It is the decentralized oracle and an open-source technology infrastructure which enables blockchain to connect with an off-chain data & computation resources. This network collects data from multiple sources to blockchain to execute smart contracts.
LINK is build on the Ethereum Network that is compliant with all Ethereum protocols. This ERC20 tokens are popular among traders and good for both long and short investments.
Tether (USDT)
Tether is one of the old ERC20 tokens launch back in 2010. It is a stablecoin that created USDT. Only after this, the stablecoins like CNHT, EURT, and XAUT launched by the Tether. Tether was originally launched in the Bitcoin blockchain and then available in Ethereum too.
Now, Ethereum is the largest market for the USDT. The stablecoins stand for its name stability, Fiat pegged cryptocurrencies whose value fluctuates depending on the value of Traditional money. With USDT, you can also use the advantage of crypto coins like lower transaction fees and faster transactions. Hence, it is one of the recommended addition to a trading portfolio.
Shiba Inu (SHIB)
Shiba Inu is a decentralized crypto named after a Japanese Breed dog. Its symbol is SHIB. It is an Ethereum-compatible token like Dogecoin and is also called a meme coin. It is available in popular DEX like Uniswap.
The Ethereum compatibility of this ERC20 tokens allowed the community to create new crypto apps. Shiba Inu is also a native token of Shibaswap a Decentralized Exchange Platform that allows investors and traders to trade and stake tokens without the intervention of a third party.
Since it is also a meme coin, the value of the SHIB token is highly fluctuating. However, its value has steadily raise since the launch.
Wrapped Bitcoin (WBTC)
A Wrapped Bitcoin is one of the most important in the ERC20 token list, that was developed to connect Ethereum and Blockchain. This Wrapped Bitcoin allows bitcoin users to use the Dapps of the Ethereum ecosystem and offers more liquidity for them.
This was the first and most efficient popular ERC20 token connecting Ethereum and Bitcoin blockchains. The ratio of the value of WBTC to BTC is 1:1. Hence the Bitcoin volatility directly affects the WBTC.
This token is appealing to users because it is Ethereum compatible and has exposure to the Bitcoin environment eliminating the need for Centralized exchange, fees, and delay.
OmiseGO (OMG)
An OMG network is the layer-2 scaling solution for an Ethereum. It came to market in 2020 after being in development for 4 years. The transaction in the OMG network will have low gas fees and is a side chain to Ethereum. OMG is the popular ERC20 token and a native token of the OmiseGo network.
It is the 168 largest Crypto coin in the market cap and every user of the OMG network must possess OMG coins to use the blockchain operations, for staking, investing, and trading. In this network, the transfer of ETH and ERC20 tokens happened at the rate of 1000 TPS.
Since OmiseGo is a reliable alternative to Ethereum and its coin OMG is an ERC20 that can be used in any Ethereum DApps, this will serve as a good investment option
0x (ZRX)
Ox is a Decentralized exchange that depends on the Ethereum Blockchain. It is a peer-to-peer DEX used for trading ERC20 tokens and other Ethereum assets that uses smart contracts. ZRX is the native token of Ox DEX that will be beneficial for paying a trading fee and governance.
This platform’s motive is to offer an Ox launch kit to build DEX on the Ox platform. It also offers wide options to exchange a variety of assets and promote interoperability between DApps. And all these functions are fueled by the ERC20 token called ZRX.
The value of the ZRX stem increases depending on its utility and governance.
Maker (MKR)
Maker (MKR) is an Ethereum blockchain-based smart contract platform that started to solve volatility in the crypto market. The goal of this platform is to stabilize the volatility of the DAI stablecoin to the US dollar.
MKR is the native coin of the Maker platform and the most efficient one in the ERC20 token list. It is highly volatile and plays a big part in ecosystem and supply economics. It acts as a governance token, utility token, and recapitalization resource in the Maker Platform. The supply of MKR depends on the DAI demand.
UniSwap (UNI)
Uniswap is the largest and best-known DEX on the Etheruem Blockchain. Its native token is called UNI tends to be the most popular ERC20 token list. And then, This Uniswap DEX work on an automate market maker system where users allow to stake and pool money together in the community to both earn money and increase the liquidity in the market.
UNI token of uniswap DEX act as a governance and utility token for this platform. And the value of this token is purely dependent on the Uniswap Platform and the number of users. With its AMM system, Uniswap gives accessibility to new and rare tokens that will increase the value of the UNI token in the near future.
Loopring (LRC)
Loopring is a platform that allows startups to create a non-custodial order book-base DEX and is build on the Ethereum Blockchain and develop its native token LRC with the ERC20 standard. It is used for key protocol operations in the loopring and has extensive utility in the platform.
DEX operators are incentivize by the LRC, the ERC20 token. An executive who wants to open a DEX needs to lock up a certain amount of LRC in the platform, which will be confiscated if they act poorly.
Aave
The Aave Platform is a decentralized exchange build on the Ethereum blockchain that allows crypto users to borrow without an intermediary. Smart contracts execute this trade automatically.
Aave Token is an ERC20 token that mainly. And also it acts as a governance token in the platform and also users can stake it to earn money. Aave is a Deflationary token where 80% of the collected fees will be burn to reduce the token availability and increase the token value in the market.
These are the popular top ERC20 token list in the Crypto Market and economy king of their respective platforms. There are several steps to follow to develop such tokens with different functionalities.
Let’s see that…
How Can You Create ERC20 Token On Ethereum Blockchain?
ERC20 token development is the process of designing, developing, and implementing a token for a specific application. Ethereum Blockchain provides an in-built token generation system to develop tokens and it is a sequential process.
This sequential process starts with…
- Decide the token purpose
- Select the specification of the ERC20 tokens
- Write a reliable code for the smart contract
- Do Code testing
- Validate the Token functions
- Deployment of the token
You can develop your tokens on the Ethereum blockchain using inbuilt options, else you can seek the help of a professional ERC20 token development company like ZAB Technologies.
Why You Should Choose ZAB Technologies For Your Business?
ZAB Technologies is a leading and renowned ERC20 Token Development Company in the Crypto market. We are specialize in developing tokens in the Ethereum and Tron platforms. A feature-rich and quality product assure by our ZAB team in every project. A cutting-edge token wallet app is an additional service offers with our token development. We have experts in token development who can develop it according to the business needs of the clients. We provide 24×7 customer support is available. So, popular firms and startups seek help from us for reliable ERC20 token development.
Get contact us today and create your own ERC20 tokens.
