Best ERC20 Tokens Review: Top 25 Ethereum Blockchain Assets by Market Cap
There is an entirely incredible and diverse world of Ethereum based tokens out there. But there is only one top 25 ERC20 tokens list coming from us!
Now you may be asking: what on Earth is an ERC20 token, it's important to understand how many ERC20 tokens there are, and which have the highest market caps out of them all.
At the moment, there are more than 140,000 ERC20 based digital token contracts. In reality, however, the vast majority of these are either very rarely used, giving them little to no utility compared to others, while others have been inactive for some time.
It's only as we steadily head to the top of this list that we start to see the true contenders as biggest ERC20 tokens. And out of them, there are some seriously major players, with some of them being highly substantial overall, generating billion to multiple billion dollar market caps and transactions volumes to boot.
Here are the top 25 existing ERC20 tokens according to market capitalization.
1. BNB (BNB)
Market Cap: $1,018,500,000*
Total Price: $7.77
The Binance Coin (BNB) is the native cryptocurrency that stands just behind the digital coin exchange, Binance, one of the most popular cryptocurrency trading platforms at the moment. Along with this reputation, it's also the top contending ERC20 token on this list, boasting the highest market cap compared to any contemporary.
*Market caps are rounded to the nearest 100 thousand and prices are rounded to the nearest thousandth.
2. VeChain (VEN)
Market Cap: $438,200,000
Total Price: $0.008
Belonging to the VeChain digital ecosystem, VEN is the token that operates throughout the system. How it works is that users make use of the token to conduct or recieve payments for any outstanding services and products.
VEN is the token belonging to the VeChain ecosystem. Users utilize the token to pay for or receive payments for services and products.
3. Maker (MKR)
Market Cap: $418,600,000
Total Price: $574.81
DAO is the company that is responsible for the third largest ERC20 token on this list, and its name is Maker (MKR). DAO itself is a decentralized autonomous organization on the Ethereum blockchain.
Maker serves as a balancing or stabilizing elements to work agaisnt the volatility prevalent in DAI, the DAO's corresponding Stablecoin.
4. OmiseGO (OMG)
Market Cap: $381,2o0,000
Total Price: $2.72
The OMG token serves as the workhorse for the OmiseGo's existing consensus algorithm which is supported through a proof of stake system. In broader terms, OmiseGo operates as a platform for bringing financial services to those that would otherwise have little to no access through the Ethereum blockchain
5. 0x (ZXR)
Market Cap: $298,900,000
Total Price: $0.547
0x itself is a momentous project, and the unique Ethereum-based token that it brings to bear is the ZXR token. Overall, users put this token to use in order to pay relayers' trading fees and to operate the decentralized governance model within the 0x protocol.
6. Basic Attention Token (BAT)
Market Cap: $257,100,000
Total Price: $0.218
Used exclusively within the decentralized internet browser Brave, the Basic Attention Token (BAT) is put to use for a number of the advertising services. It was originally developed and applied to provide advertisers with better data all while it allows for the full protection of users' privacy.
7. Zilliqa (ZIL)
Market Cap: $211,800,000
Total Price: $0.027
Zilliqa, or ZIL is the token specifically used for the Zilliqa project. The underlying goal of Zilliqa is to improve smart contracts by building a new language for them.
8. Aeternity (AE)
Market Cap: $208,200,000
Total Price: $0.893
The AE token operates as a utility token for the dApp-based ecosystem, Aeternity. This platform operates as a smart contract focused one, one that uses oracles and makes a priority of security for its users.
9. ICON (ICX)
Market Cap: $199,500,000
Total Price: $0.421
The ICON foundation is developing DApps and blockchain engines. ICX is the platform’s ERC20 token.
10. The ChainLink Token (LINK)
Market Cap: $172,100,000
Total Price: $0.491
With the ChainLink decentralized oracle network, users are able to provide data feeds or API's directly to smart contracts in exchange for LINK tokens. Interestingly enough, the likes of PAX, TrueUSD TUSD stablecoin, LINK and a number of others, all of which operate as Ethereum tokens, experienced a really positive significant series of price moves.
It's for this reason that LINK is sporting tenth place on our top 25 ETH ERC20 token list.
11. Pundi X Token (NPSX)
Market Cap: $170,600,000
Total Price: $0.001
The Pundi X Rewards token has managed to enter number 11 on our top 25 ERC20 list. For a bit more context, the Pundi X Rewards is a system through which retailers and customers can redeem tokens through transactions.
At this moment in time, NPSX has a market cap of over $170 million, which is truly surprising when you take a look at the average price of the coin.
12. TrueUSD (TUSD)
Market Cap: $161,400,000
Total Price: $1.01
TrueUSD operates as a stable coin which is backed by the American Dollar. And as it stands right now, is one of, if not the top stablecoin by the overall market cap. Earning it a place on this top 25 ERC20 token list.
13. Bytom (BTM)
Market Cap: $159,600,000
Total Price: $0.159
Used within the Bytom ecosystem, BTM is a utility token that supports and takes care of its transaction fees, dividends, and asset insurance deposits.
14. Aurora (AOA)
Market Cap: $152,500,000
Total Price: $0.023
Aurora is a smart contract platform, and AOA is the ERC20 utility token on the platform.
15. USD Coin (USDC)
Market Cap: $144,300,000
Total Price: $1.01
Much like the TrueUSD, the USDC operates as a stablecoin which is tethered to the US Dollar on a 1:1 basis. It's also one of the top 25 cryptos within this ERC20 Token list. So to
16. Populous (PPT)
Market Cap: $139,300,000
Total Price: $2.62
Unlike its distant cousin, Pokens, which operates as a 1:1 USD stablecoin on Populous, PPT serves as a platform token. PPT is, for the most part, an investment vehicle specializing in invoice investments.
17. Paxos Standard (PAX)
Market Cap: $135,400,000
Total Price: $1.01
PAX is a dollar-backed stablecoin with New York Department of Financial Services approval.
18. Golem (GNT)
Market Cap: $116,200,000
Total Price : $0.121
Through the use of GNT, it allows users to rent their spare computing power to users that require more processing power for resource intensive or otherwise complex tasks.
19. Reputation (REP)
Market Cap: $120,100,000
Total Price: $10.92
REP is the ERC20 token underlying the Augur platform, which is an open-source prediction market.
20. HoloToken (HOT)
Market Cap: $105,200,000
Total Price: $0.0008
The HoloToken, or HOT is predominantly a crypto which takes up a proud place on this list because it supports operations on the Holochain smart contract and dApps platform. What is a dApp exactly? It's a decentralized application.
21. StatusNetwork (SNT)
Market Cap: $103,200,000
Total Price: $0.03
SNT is one of the tokens used across the Ethereum platform. It enables messaging, and this crucial function has created its value as a token.
22. IOSToken (IOST)
Market Cap: $96,300,000
Total Price: $0.008
The IOST Token is an ERC20 which is put to use for an internet of things (IoT) platform which was built on top of the Ethereum blockchain. The token currently operates as a temporary one, and will convert on a 1:1 ratio to its own currency once the IOST blockchain finally goes online.
23. Decentraland (MANA)
Market Cap: $86,300,000
Total Price: $0.082
Decentraland represents a particularly interesting exception to the ERC20 rule compared to other Ethereum tokens and platforms, as it's one of the few with a token (MANA) that users have complete and full ownership over. MANA is how users “claim” part of Decentraland and interact with other users.
24. Waltonchain (WTC)
Market Cap: $84,400,000
Total Price: $2.09
WTC is the token for the WaltonChain application system, which integrates with RFID chip hardware.
25. WAX Token (WAX)
Market Cap: $84,400,000
Total Price: $0.09
The WAX token serves users as a utility token on the digital asset marketplace for WAX and OPSkins. The platform itself is governed by a Delegated Proof of Stake (DPoS) consensus algorithm.
The Most Popular Ethereum Token
When it comes to the top 25 ERC20 token list, it's a competitive space to try and work into to say the least. With different tokens jostling for a and/or higher position on the list. Since the conception of the Ethereum blockchain, ERC20 tokens have become the single most popular conduit for cryptocurrency-based startups today.
They've been responsible for their fair share of successes thanks to this: generating billions of dollars of transaction activity for a virtually limitless variety of applications and uses across the spectrum of business. This ERC20 token list focuses on the top market caps, but it barely scratches the surface of the ERC20 token market.