Top ERC-404 tokens by capitalization in February 2024

Top ERC-404 tokens by capitalization in February 2024

user avatar

by Max Nevskyi

3 years ago


The cryptocurrency market is constantly evolving, offering new ways to earn and invest. In February 2024, investors' attention was drawn to the new experimental token standard ERC-404, which combines the capabilities of ERC-20 and ERC-721. This hybrid standard allows for the acquisition of an NFT tied to the token upon purchase, adding extra value to the cryptocurrency due to the rarity of the digital item. However, when the token is sold, the associated NFT is destroyed, opening a new segment in the cryptocurrency market and potentially increasing NFT liquidity.

The flagship token of this standard, Pandora, launched at the beginning of February 2024, is already showing record price growth. In the ERC-404 category, 18 assets are tracked with a total capitalization of $140.41 million and a daily trading volume of $19 million. Pandora leads in both capitalization and trading volume, demonstrating significant investor interest.

In second place in capitalization is the DeFrogs token, and in third place is the cryptocurrency Rug. Both assets also attract investor attention, albeit to a lesser extent than Pandora. The top 5 also include Monarch (MNRCH) with a capitalization of $913,050 and Froggy Friends (TADPOLE) at $515,090, showing the diversity and potential of the new token standard in the market.

This new standard and its growing popularity underscore the cryptocurrency community's constant pursuit of innovation and new ways to use blockchain technologies to create value and improve user experience.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Citigroup Increases Price Targets for Bitcoin and Ethereum

Citigroup has raised its 12-month price targets for Bitcoin to $113,000 and for Ethereum to $3,028, citing stronger activity in crypto markets and ETF inflows.

user avatarGustavo Mendoza

TopNod Introduces Axil Pot APT for Enhanced Onchain Yield Management

TopNod has launched Axil Pot APT, a new onchain yield vault that allows users to earn an estimated 8% APY while maintaining instant liquidity.

user avatarRajesh Kumar

MEXC Expands Guardian Fund with Additional 1,000 BTC

MEXC has added another 1,000 BTC to its Guardian Fund, marking the second major allocation this year.

user avatarMiguel Rodriguez

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

UK Financial Conduct Authority Opens Crypto Authorisation Regime

The UK Financial Conduct Authority has formally opened its Crypto Authorisation Regime, marking a significant development in the digital asset ecosystem.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.