Ethereum (ERC20) Tokens by Market Cap and Volume

ERC-20 tokens are tokens that are issued on the Ethereum blockchain. ERC-20 is the most popular standard for fungible tokens on Ethereum. Fungible tokens are tokens where the individual units are interchangeable with each other. In other words, if Alice sends 1 MKR to Bob, and then receives 1 MKR from George, she will be in the same situation as before. Examples of ERC-20 tokens include MKR, UNI, AAVE and GRT.

By using the ERC-20 standard when launching their tokens, developers ensure that their tokens are supported by wallets and can easily interoperate with the rest of the Ethereum ecosystem. ERC-20 was initially proposed in late 2015 and it implements the essential functionality required by tokens such as the ability to transact between accounts and track balances and supply.

You can buy ERC-20 tokens on centralized cryptocurrency exchanges like Binance and Coinbase, or decentralized exchanges like Uniswap. If you’re using a centralized exchange, you can buy ERC-20 tokens with your fiat currency (USD, EUR, etc.) or other cryptocurrencies like Bitcoin and Ethereum. If you’re looking to buy ERC-20 tokens on decentralized exchanges, you’ll have to acquire some ETH first to pay for the tokens and cover the transaction fees.