Utility
Utility tokens power platforms, granting access, discounts, or specific functions within an ecosystem.
Top gainers this week
Top losers this week
7 days at the top this week: $NPC is dominating the category
Up 1,270 places this week, $GAIX is gaining ground
$HERMES +1,201 places this week
Up 960 places this week, $COLLECT is gaining ground
$NPC · 85 gem score this week
996 tokens rose and 924 fell this week
$XCN climbed 1,384 places this month
@EnaGovernance+2•18$ARK loading… 🚀
When conviction meets innovation, narratives get strong.
If the vision is clear and the community’s locked in, $ARK could sail through volatility.
Build. Hold. Believe. 🌊
Frequently asked questions
How has Utility performed recently?
The Utility token category shows a mixed performance over the past week and month. Over seven days, there's an almost even split between tokens gaining and losing ground, with 957 tokens up and 952 down. GaiAI Token (GAIX) was the top climber, showing a 226% score increase, while Solidly V3 (SOLID) experienced the most significant fall, dropping 61.1%. Non-Playable Coin (NPC) maintained a seven-day streak. Looking at the thirty-day window, a broader positive trend is observed, with 1382 tokens up compared to 528 down. Onyx V2 (XCN), Treasure (MAGIC), Veil Cash (VEIL), Starknet Bridge (STRK), and Anvil (ANVL) were notable climbers in the longer term. On the other hand, Storj (STORJ) was the largest faller over 30 days, down 63.2%. HEX (HEX) had the highest score extreme across both periods, though it exited the top K in both windows. Conversely, Starknet Bridge (STRK) registered a score of 0.0 in the 30-day window, marking the lowest score extreme.
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.