A token glossary

We get it: the token universe can be difficult to navigate, especially if you’re a newer adopter who’s not yet familiar with the thousands of groundbreaking tokens and innovations found in the ecosystem today. In the future, this space will likely only become more complex as new projects and use cases emerge. 

To help you get the best start in your token journey, our glossary explains all of the key terminologies that make the token universe what it is: a puzzling yet fascinating space that offers boundless possibilities of how the future may look. Dive in below.

ERC-20

Last updated August 8th, 2024

ERC-20 is a form of token that runs on Ethereum. All of the key decentralised finance projects based on Ethereum have their own ERC-20 tokens. Unlike other tokens such as NFTs, ERC-20 tokens are interchangeable. Every UNI token, for example, shares the same properties and market value. 

Associated tokens