The blockchain industry is filled with several decentralized projects and tokens that aim to solve the blockchain trilemma and, at the same time, build an investor-friendly ecosystem. Many of these projects are housed on the Ethereum (ETH) network, which hosts over 3,000 dApps.
Within this sea of projects and tokens, it is easy for investors to become overwhelmed with the multiple choices available to them. So, we have identified the top 7 Ethereum (ETH) utility tokens that stand out with the potential to make the next millionaires in 2024
ETFSwap (ETFS) Is Reshaping DeFi Through ETFs
ETFswap (ETFS) is a blockchain project built on the Ethereum (ETH) network and designed to bridge the gap between decentralized and traditional finance by tokenizing exchange-traded funds (ETFs). The tokenized ETFs will directly represent the traditional ETFs on the blockchain, allowing traders to easily monitor their progress before making trading decisions. ETFS, the platform native token, functions as a standard ERC-20 token and will serve the purpose of utility and governance on the network.
ETFS will serve as the key to unlocking the unique features of ETFswap (ETFS), and currently, the only way to get it is to participate in the ongoing stage 1 presale, which is offered at $0.00854 per coin. Early investors who join stage 1 will make a profit when stage 2 kicks off at $0.01831.
Also, experts speculate that the token is gearing up for a massive jump in price to hit the $1 mark. So join the ETFswap (ETFS) project today by buying ETFS at presale, and increase your chances of being a millionaire before the year runs out.
Decentraland (MANA): Taking The Lead In Virtual Real Estate Tokens
Decentraland (MANA) is a decentralized platform built on the Ethereum (ETH) network designed as a game-like social media ecosystem where users can interact and do day-to-day activities like the real world.
MANA is the native token of the Decentraland (MANA) ecosystem, and it serves the purpose of utility and governance, enabling holders to vote on decisions regarding the platform’s growth. Aside from MANA, the platform also has non-fungible native tokens known as LAND and Estates. According to Coinmarketcap, MANA currently ranks 97th in the crypto market and trades at $0.41.
Polygon (MATIC): A Unique Ethereum Layer-2 Blockchain
Polygon (MATIC) is an interoperable L2 protocol built to improve scalability and speed on the Ethereum (ETH) network. Its success in handling the acute scaling issues on the network has made it see significant adoption in the blockchain industry.
MATIC, the platform’s native token, functions as a standard ERC-20 token, serving as a payment medium in the network. It also operates as a governance token, allowing holders to vote on decisions affecting the platform’s growth. Currently, according to Coinmarketcap, it is worth $0.67.
Uniswap (UNI): The Largest Decentralized Exchange In The Crypto Industry
Uniswap (UNI) is the largest decentralized exchange in the crypto industry. It boasts a user-friendly application interface (API) that makes it easy to trade, buy, and sell tokens across Ethereum and other blockchains.
UNI, the native token of the platform, is an ERC-20 token that can be traded to make profits, and it also serves the purpose of governance, enabling holders to actively participate in the governance of the Uniswap (UNI) protocol. UNI currently trades at $6.78 and ranks 23rd in the crypto market, according to data from Coinmarketcap.
Chainlink (LINK): Bridging Smart Contract With Real World Data
Chainlink (LINK) is a decentralized oracle system that allows blockchain smart contracts to source information outside the blockchain securely. LINK, its native token, is an ERC-20 token used to reward node operators who run the Oracle infrastructure.
The token also serves the purpose of governance, enabling all users who hold it to participate in making decisions regarding the protocol’s development. LINK, according to Coinmarketcap, is currently worth $13.08 and ranks 16th in the crypto market.
Aave (AAVE): A Borrowing And Lending Protocol On Ethereum
Aave (AAVE) is a decentralized borrowing and lending protocol built on the Ethereum (ETH) network, which allows users to borrow and make their tokens available for lending.
AAVE, the protocol’s native token, is an ERC-20 token that can be used as collateral when borrowing or paying loan fees. Users who hold the token can also propose or vote on changes to the Aave (AAVE) ecosystem. AAVE currently trades at about $82, according to Coinmarketcap.
Shiba INU (SHIB): Taking The ForeFront Among Meme Tokens
Shiba Inu (SHIB) is an Ethereum-based meme coin that has seen explosive growth and broader adoption since the launch of its Ethereum Layer 2 network, Shibarium.
It was launched in August 2020 by an anonymous founder named Ryoshi. SHIB currently trades at $0.000021 and ranks 11th in the crypto market according to data from the asset tracking platform Coinmarketcap.
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