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Are shanzhai COINS on the rise? The market value of erc-20 tokens has accounted for nearly 50% of the total market value of cryptographic assets on the ethereum chain

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Settlement on the ethereum chain is expected to exceed $530 billion this year.

According to Messari, the market value of erc-20 tokens now accounts for nearly 50% of the total value of cryptographic assets on the ethereum chain. The total market value of erc-20 tokens is close to that of ETH.

According to Messari researcher Ryan Watkins, the way values are stored and transmitted on the ethereum blockchain has changed radically in the past two years. The ethereum chain is expected to see settlement of more than $530 billion this year, driven by steady growth. In addition, the use of ETH tokens in DeFi helps solidify its position as the primary store of value in ethereum. ETH is and will always be the least reliable asset on ethereum, and for this reason, ETH is the reserve asset of the ethereum financial system (DeFi).