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ERC20 Tokens Threaten To Dethrone ETH On Ethereum

Emily Mason

Summary: ERC20 tokens are almost 50% of the value held on Ethereum, according to a recent twitter thread from analyst Ryan Watkins. Watkins said Ethereum's native coin ETH is in danger of being surpassed by ERC20, but added that ETH's popularity in DeFi may secure it's position as most valuable coin on Ethereum. By Emily Mason

ERC20 tokens are almost 50% of the value held on Ethereum, according to a recent twitter thread from analyst Ryan Watkins.

Watkins said Ethereum's native coin ETH is in danger of being surpassed by ERC20, but added that ETH's popularity in DeFi may secure it's position as most valuable coin on Ethereum.

By Emily Mason

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