Fungible Token

token · standard

A fungible token has interchangeable units, so each unit of the same token is equivalent for payment, accounting, or trading.

1.concept

Fungible tokens represent identical units; holders are generally indifferent to which specific unit they own. This contrasts with NFTs, where each token ID can be unique.

2.usage

Fungible tokens are used for payments, stablecoins, governance votes, liquidity provision, rewards, and collateral. Standards like ERC-20 make wallet and exchange integrations reusable.

Related terms

ERC-20 Token

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ERC-20 is Ethereum's common fungible token standard, defining transfers, balances, approvals, and supply queries.

eth · token · standard

Token

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A transferable or accountable unit defined by a blockchain protocol, smart contract, or application ledger.

blockchain · asset

All terms and definitions may update as the Cryptionary improves.

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