Web3 tokens have become a hot topic in the world of cryptocurrency and blockchain technology. These tokens, built on decentralized networks like Ethereum, are powering the next generation of digital assets and applications.
According to recent data, the total market capitalization of web3 tokens has surpassed $500 billion. This staggering figure highlights the growing interest and adoption of these tokens by investors and users alike. In addition, the number of active wallets holding web3 token has reached over 50 million, demonstrating the widespread participation in this emerging ecosystem.
As we dive deeper into the world of web3 tokens, we’ll explore the exciting possibilities they offer for the future of finance and digital ownership.
What are Web3 Tokens?
Web3 tokens, also known as decentralized web tokens or crypto tokens, are digital assets that are built on blockchain technology and play a crucial role in the Web3 ecosystem. These tokens serve various purposes, including enabling transactions, providing access to services, facilitating governance, and incentivizing network participation.
Web3 tokens or coins are digital assets that enable the working of dApps, digital transactions, and smart contracts without the involvement of intermediaries.
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Why should you Consider Investing in Web 3.0 Tokens in 2024?
Web3 tokens are obviously the trusted powerhouses for growth of the web3 landscape. Therefore, you can expect that web3 tokens will be the most popular picks for investing in the world of web3. The most popular web3 tokens can help you tap into the potential of web3 and capitalize on numerous opportunities. Here are the important reasons to invest in web3 coins in 2024.
1. Potential for Innovation
Web3 coins are crucial assets for the next step in the evolution of the internet, which offers censorship-resistant and decentralized applications. You can invest in web3 crypto tokens and gain an early advantage with access to groundbreaking applications and technologies.
2. Diversification
Another common reason to invest in web3 tokens is the opportunity for diversification. Web3 tokens can help in diversifying your investment portfolio beyond the scope of traditional assets such as stocks.
3. Hedging against Inflation
The reasons for finding web3 coins to buy in 2024 also include the possibility of hedging against inflation. Web3 coins offer an effective safeguard against inflation with their decentralized nature and limited supply.
4. Market Potential
The web3 market is still growing and has a lot of potential for growth in the future. Investments in web3 tokens now can help you make the most of long-term gains with the growth of the market. It is important to note that web3 projects are expanding at a fast pace and would achieve broader adoption. Therefore, you can achieve promising returns in the long run with the market potential of web3.
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How to Buy Web3 Tokens or Web3 Coins?
To buy Web3 tokens or coins, you can follow these steps:
1. Choose a Crypto Wallet: Select a crypto wallet that suits your needs and preferences. Popular options include Coinbase Wallet, MetaMask, and TrustWallet
2. Set up Your Wallet: Create an account with your chosen wallet provider, providing your personal information and selecting a strong password. Make sure to note down the Secret recovery phrase or Seed Words provided by the wallet as a precautionary measure
3. Buy Your Base Currency: Choose a cryptocurrency exchange platform and purchase a base currency such as Bitcoin, Ethereum, or Tether. These are commonly used to trade Web3 tokens
4. Transfer Funds to Your Wallet: Log into your exchange account and withdraw your base currency to your crypto wallet. Provide your wallet address and the amount you want to transfer. After a short wait, your funds should appear in your wallet
5. Find a Decentralized Exchange (DEX): Look for a decentralized exchange (DEX) that supports the wallet you chose in Step 2. Pancake Swap is an example of a DEX that can be used with the Binance wallet
6. Buy Web3 Tokens: Connect your chosen DEX to your wallet and start trading. Select the Web3 token you want to buy from the list and enter the desired amount
7. If Web3 Tokens Are Not Listed: If you can’t find the specific Web3 token you’re looking for on the DEX, you can use platforms like bscscan or etherscan to locate the token’s smart contract address. Copy the address and paste it into Pancake Swap or a similar platform
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Top Web3 Coins You Should invest in 2024
1. Solana
Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL.
Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
Solana’s total market cap was US$55 billion in January 2022. However, by the end of 2022, this had fallen to around $3 billion following the bankruptcy of FTX. Following the general rise of the cryptocurrency market in 2023, its market cap rose to $7 billion.
Token Name | Solana |
Launch Date | 2020 |
Ticker Symbol | SOL |
Blockchain | Solana blockchain |
Current Price | $ 178.16 per (SOL / USD) |
Market Capitalization | $ 80.02B USD |
Category | Cryptocurrency and blockchain platform |
Use Case | Solana is designed for high-throughput decentralized applications (DApps) and crypto-currencies. It offers fast transaction speeds and low costs, making it ideal for DeFi, NFTs, and other blockchain-based applications. |
Website | https://solana.com/ |
2. Ethereum
Ethereum is a decentralized blockchain with smart contract functionality. Ether (Abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.
It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin.
Ethereum allows anyone to deploy permanent and immutable decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks.
Ethereum allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images.
Token Name | Ethereum |
Launch Date | 2015 |
Ticker Symbol | ETH |
Blockchain | Ethereum blockchain |
Current Price | $ 455.29B USD |
Market Capitalization | $ 455.29B USD |
Category | Cryptocurrency and blockchain platform |
Use Case | Ethereum’s native token, ETH, is used to pay for transaction fees and computational services on the network. |
Website | http://ethereum.org/ |
3. Avalanche
Avalanche, launched is a highly scalable and efficient blockchain platform designed for decentralized applications (DApps) and custom blockchain networks. Developed by Ava Labs, Avalanche aims to offer a robust solution to the limitations faced by earlier blockchain networks, such as scalability and transaction speed. AVAX is the native cryptocurrency of the platform.
Token Name | Avalanche |
Launch Date | 2020 |
Ticker Symbol | AVAX |
Blockchain | Avalanche blockchain |
Current Price | $ 36.73 per (AVAX / USD) |
Market Capitalization | $ 14.06B USD |
Category | Cryptocurrency and blockchain platform |
Use Case | The AVAX token is used for transaction fees, staking, and participating in network governance. |
Website | https://avax.network/ |
4. Binance Coin
Binance Coin (BNB) is the native token for Binance’s blockchain. It can be used like many other cryptocurrencies as a payment method for products and services globally.
Token Name | Binance Coin |
Launch Date | 2017 |
Ticker Symbol | BNB |
Blockchain | Initially Ethereum (ERC-20), now Binance Smart Chain (BNB Chain) |
Current Price | $ 618.12 per (BNB / USD) |
Market Capitalization | $ 91.23B USD |
Category | Exchange Token |
Use Case | Transaction fee discounts on Binance, participation in token sales, transaction fees on Binance Chain, and more |
Website | www.binance.com |
5. Chainlink
Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Its creators claim it can be used to verify whether the parameters of a smart contract are met in a manner independent from any of the contract’s stakeholders by connecting the contract directly to real-world data, events, payments, and other inputs.
Token Name | Chainlink |
Launch Date | 2017 |
Ticker Symbol | LINK |
Blockchain | Ethereum (ERC-677) |
Current Price | $ 16.51 per (LINK / USD) |
Market Capitalization | $ 9.69B USD |
Category | Decentralized Oracle Network |
Use Case | Providing reliable, tamper-proof data for smart contracts through a decentralized network of oracles |
Website | chainlinklabs.com |
6. Cosmos
Cosmos is an open-source interchain network developed by Tendermint that allows different blockchains, called zones, to communicate and exchange data, all connected by the Cosmos Hub which is powered by the Atom token. The end goal of Cosmos is to create an “Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way”. Cosmos aims to solve the problems of sovereignty, scalability, and sustainability while providing an interoperability solution for connecting layer 1 blockchains
Token Name | Cosmos |
Launch Date | 2019 |
Ticker Symbol | ATOM |
Blockchain | Cosmos Network |
Current Price | $8.54 USD |
Market Capitalization | $3,337,490,306 USD. |
Category | Blockchain Interoperability |
Use Case | Inter-blockchain communication, decentralized applications, staking, governance |
Website | cosmos.network |
7. Polkadot
Polkadot is a blockchain platform and cryptocurrency. The native cryptocurrency for the Polkadot blockchain is the DOT. It is designed to allow blockchains to exchange messages and perform transactions with each other without a trusted third-party. This allows for cross-chain transfers of data or assets, between different blockchains, and for decentralized applications (DApps) to be built using the Polkadot Network.
Token Name | Polkadot |
Launch Date | 2020 |
Ticker Symbol | DOT |
Blockchain | Polkadot |
Current Price | $ 7.549127 per (DOT / USD) |
Market Capitalization | $ 10.86B USD. |
Category | Interoperability, Decentralized Finance (DeFi), Blockchain Network |
Use Case | Governance, Staking, Parachain Auctions, Interoperability |
Website | polkadot.network |
8. Ripple
Ripple (XRP) is a peer-to-peer powered cryptocurrency designed to work seamlessly with the Internet to allow a fast, direct and secure way to send payments on the web.
Ripple as a protocol is a system of the real time gross settlements (RTGS), exchange and money transfer system. Another name is Ripple transaction protocol (RTXP), or Ripple protocol. It is built upon a distributed open Internet protocol, consensus ledger and its own currency called XRP.
Token Name | Ripple |
Launch Date | 2012 |
Ticker Symbol | XRP |
Blockchain | XRP Ledger |
Current Price | $0.535934 USD |
Market Capitalization | $29,631,253,875 USD. |
Category | Payments |
Use Case | Cross-border payments, remittances, liquidity management |
Website | Ripple |
9. Uniswap
Uniswap is an automated market maker and a cryptocurrency exchange that uses a decentralized network protocol.
Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
Token Name | Uniswap |
Launch Date | 2020 |
Ticker Symbol | UNI |
Blockchain | Ethereum |
Current Price | $ 9.54219 per (UNI / USD) |
Market Capitalization | $ 5.72B USD |
Category | Decentralized Exchange (DEX) |
Use Case | Governance and incentives within the Uniswap protocol, providing liquidity, and trading ERC-20 tokens without intermediaries. |
Website | Uniswap |
10. Dogecoin
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.
It is considered both the first “meme coin”, and more specifically the first “dog coin”. Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the “doge” meme as its logo and namesake.
Token Name | Dogecoin |
Launch Date | 2013 |
Ticker Symbol | DOGE |
Blockchain | Dogecoin |
Current Price | $ 0.168941 per (DOGE/USD) |
Market Capitalization | $ 24.39B USD |
Category | Memecoin |
Use Case | Online tipping, payments for goods and services, charity |
Website | dogecoin.com |
11. Aave
Aave token (AAVE) is the native governance token of the Aave protocol, a decentralized finance platform enabling users to lend and borrow cryptocurrencies.
Holders of AAVE can participate in protocol governance, propose and vote on changes, and potentially earn staking rewards.
Token Name | Aave |
Launch Date | November 2017 (as ETHLend), rebranded to Aave in January 2020 |
Ticker Symbol | AAVE |
Blockchain | Ethereum |
Current Price | $ 87.99 per (AAVE / USD) |
Market Capitalization | $ 1.30B USD |
Category | DeFi (Decentralized Finance) |
Use Case | Lending and borrowing of crypto assets, governance voting, earning interest on deposits |
Website | Aave |
12. Shiba Inu
Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym “Ryoshi”. It is inspired by the Shiba Inu (柴犬), a Japanese dog breed, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins. Shiba Inu was introduced with a branding that positioned it as a potential ‘Dogecoin competitor’
Token Name | Shiba Inu |
Launch Date | 2020 |
Ticker Symbol | SHIB |
Blockchain | Ethereum (ERC-20) |
Current Price | $ 0.000025 per (SHIB / USD) |
Market Capitalization | $ 14.92B USD |
Category | Meme Coin |
Use Case | Decentralized community token, payments, staking on ShibaSwap |
Website | shibatoken.com |
13. The Graph
GRT is the native currency of The Graph, just as ETH is the native currency of Ethereum. The economy of The Graph is based around people spending GRT to participate and earning it for participating.
It uses artificial intelligence (AI) intended to do what Google did for the internet, but for blockchains
Anyone who wants to query The Graph to find data on a blockchain must pay for it using GRT. Within The Graph, these people are called Consumers.
The Graph is open source software hosted on the Ethereum blockchain (‘open source’ just means its underlying code can be viewed by anyone).
Token Name | The Graph |
Launch Date | 2020 |
Ticker Symbol | GRT |
Blockchain | Ethereum |
Current Price | $ 0.340341 per (GRT / USD) |
Market Capitalization | $ 3.24B USD |
Category | Data Indexing and Querying Protocol |
Use Case | Indexing and querying blockchain data, particularly for decentralized applications (dApps) |
Website | thegraph.com |
14. Bitcoin
Bitcoin (sign: ₿) is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight.
Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person.
Bitcoin is currently used more as a store of value and less as a medium of exchange or unit of account. It is mostly seen as an investment and has been described by many scholars as an economic bubble.
As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021.
Token Name | Bitcoin |
Launch Date | 2009 |
Ticker Symbol | BTC |
Blockchain | Bitcoin blockchain |
Current Price | $ 69,522.9 per (BTC / USD) |
Market Capitalization | $ 1,369.74B USD |
Category | Cryptocurrency and digital assets |
Use Case | Decentralized digital currency, store of value, hedge against inflation, remittances, online purchases, investment |
Website | bitcoin.org |
15. Cardano
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake.
It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA.
Token Name | Cardano |
Launch Date | 2017 |
Ticker Symbol | ADA |
Blockchain | Cardano blockchain |
Current Price | $ 0.478223 per (ADA / USD) |
Market Capitalization | $ 17.06B USD |
Category | Cryptocurrency and blockchain platform |
Use Case | Cardano aims to provide a platform for smart contracts and decentralized applications (DApps), with a focus on scalability, sustainability, and interoperability. It aims to enable financial services, identity management, supply chain tracking, and more. |
Website | cardano.org |
16. Polygon
Polygon (formerly Matic Network) is a blockchain platform which aims to create a multi-chain blockchain system compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain. Polygon’s native token is named MATIC. Matic is an ERC-20 token, allowing for compatibility with other Ethereum cryptocurrencies. It is operated by Polygon Labs.
Token Name | Polygon |
Launch Date | 2019 |
Ticker Symbol | MATIC |
Blockchain | Ethereum blockchain |
Current Price | $ 0.73006 per (MATIC / USD) |
Market Capitalization | $ 7.23B USD |
Category | Cryptocurrency and blockchain platform |
Use Case | Polygon aims to provide a scaling solution for Ethereum, enabling fast and low-cost transactions. It offers infrastructure and tools for building and connecting Ethereum-compatible blockchain networks, facilitating decentralized applications (DApps) and various use cases such as DeFi, NFTs, gaming, and more. |
Website | polygon.technology |

Frequently Asked Questions (FAQs)
FAQ1: What are Web3 tokens?
Answer: Web3 tokens are digital assets that operate on decentralized platforms, enabling a range of blockchain-based applications such as decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (DApps). They often provide utility, governance, or value exchange within their respective ecosystems.
FAQ2: Why are Web3 tokens important?
Answer: Web3 tokens are crucial because they power the next generation of internet services, enabling decentralized, trustless, and transparent interactions. They represent a shift from centralized to decentralized systems, offering more control to users and fostering innovation in digital finance, ownership, and data privacy.
FAQ3: What makes Ethereum unique among Web3 tokens?
Answer: Ethereum is unique due to its smart contract functionality, which allows developers to build and deploy decentralized applications (DApps). This capability has positioned Ethereum as the leading platform for DeFi, NFTs, and other blockchain-based innovations.
FAQ4: How do DeFi tokens contribute to the Web3 landscape?
Answer: DeFi tokens facilitate decentralized financial services such as lending, borrowing, trading, and earning interest. They eliminate intermediaries, reduce costs, and increase accessibility to financial services, embodying the principles of decentralization and user empowerment.
FAQ5: What are the future prospects for Web3 tokens?
Answer: The future of Web3 tokens looks promising, with continued advancements in blockchain technology, increasing adoption of decentralized applications, and growing interest from institutional investors. As the ecosystem matures, Web3 tokens are expected to play a central role in the digital economy, driving innovation and transforming various industries.