Created on the Ethereum blockchain, tokens are digital representations of various assets.

Ethereum tokens are digital assets that are created, distributed, and managed on the Ethereum blockchain platform. They are essentially smart contracts running on the Ethereum network and adhere to the ERC-20 or ERC-721 token standards.
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These are the most common type of Ethereum tokens. They are fungible, meaning that each token is identical and interchangeable with any other token of the same type. ERC-20 tokens can represent various digital assets such as utility tokens, stablecoins, or even security tokens. Examples of popular ERC-20 tokens include Tether (USDT), Chainlink (LINK), and Binance Coin (BNB).

Also known as non-fungible tokens (NFTs), ERC-721 tokens are unique and indivisible. Each token has distinct characteristics and cannot be exchanged on a one-to-one basis with another token of the same type. NFTs are often used to represent ownership or provenance of digital assets, such as digital art, collectibles, virtual real estate, or in-game items.

These token standards provide a common set of rules and interfaces that enable interoperability between different tokens on the Ethereum blockchain. They define functions and properties that tokens can have, including transferring tokens between addresses, querying token balances, and other functionalities.

With the exception of Fee-on-Transfer tokens, you can trade most ERC-20 tokens across multiple blockchains on Matcha (given sufficient liquidity).

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