Utility
Utility tokens power platforms, granting access, discounts, or specific functions within an ecosystem.
Top gainers this week
Top losers this week
$HEX has led the category 7 days running this week
$PERL -1,240 places this week
$FAB fell 944 places this week
$DCB fell 889 places this week
Weakest this week: $PELL bottomed out at a 0 gem score
A standout this week: $HEX reached a gem score of 87
897 tokens rose and 881 fell this week
$XCN climbed 1,302 places this month
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If the vision is clear and the community’s locked in, $ARK could sail through volatility.
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Frequently asked questions
How has Utility performed recently?
In the Utility category, the last seven days saw slightly more tokens climbing (888) than falling (879), while the last thirty days showed a stronger upward trend with 1228 tokens climbing and 539 falling. HEX (on chain 0x171) was a standout, leading streaks for both seven and thirty days, and also registering the highest score extremes in both periods. Over the past week, TAC Token (on chain 0x38) climbed significantly with a 216.0% score percentage increase, followed by Polywhale Finance (KRILL) and PlutusDAO (PLS). Conversely, Perlin (PERL) and Fabric Token (FAB) experienced the steepest declines over the seven-day window. Looking at the thirty-day performance, Chain (XCN), Veil Cash (VEIL), and Anvil (ANVL) were among the top climbers. Decubate Token (DCB) and Quill (QUILL) were notable fallers over the past month. Phantom Staked SOL (PSOL) entered the top K in the seven-day period, while Non-Playable Coin (NPC) was a new entrant in the thirty-day window. HEX (on chain 0x1) exited the top K over thirty days, while SUPER TRUST (SUT) exited over seven days.
What is a utility token?
A utility token is a cryptocurrency designed to provide access to a specific product or service within a blockchain ecosystem. It is not intended as an investment but as a means to interact with a platform.
How do utility tokens differ from security tokens?
Utility tokens provide access to a service or product, while security tokens represent ownership or an investment in an underlying asset, similar to traditional securities. The regulatory classification often depends on the specific characteristics and how the token is offered.
What are common uses for utility tokens?
Utility tokens can be used for various purposes, including paying for network fees, accessing exclusive features, staking for rewards within a platform, voting in governance decisions, or receiving discounts on services.
Can utility tokens appreciate in value?
While the primary purpose of a utility token is to provide access to a service, its market value can fluctuate based on the demand for the underlying platform or service, overall market sentiment, and tokenomics. However, they are not primarily designed as investment vehicles.
Are utility tokens regulated?
The regulatory status of utility tokens varies across jurisdictions and depends on their specific features and how they are offered. Some may fall under existing securities laws if they are deemed to have investment characteristics, while others may not.