Which Cryptocurrencies Are Backed By Utilities? Inside The Ethereum, Polygon, And Doge Uprising Ecosystems

Utility tokens in crypto serve a particular purpose within their respective ecosystems, these are coins that have an actual use case within the crypto project. Utility tokens are a popular choice for investors because the coin serves a purpose and has a requirement, boosting its necessity and stability. The most popular example is ETH, the native utility token of Ethereum. This token is needed to pay gas fees for smart contract executions. Another example is MATIC, which is implemented to pay for cheaper and faster transactions as part of Polygon. 

Equally, utility NFTs are digital assets that can be used for a specific purpose or function within an ecosystem, just like utility tokens. Traditional NFTs are primarily used as collectables or for art, whereas utility NFTs have practical applications.

This leads us to the new crypto project Doge Uprising ($DUP). Their token is the heart of this project, fuelling its mission to bring defiance and strength back to crypto. In their project storyline, the $DUP token powers their ‘uprising’ and breathes life into the Doge Mecha NFTs. These NFTs have use cases themselves, acting as keys to unlock exclusive content. If you’re looking for a new project with utility, look no further than Doge Uprising. 

ETH And Utility

ETH is the native asset of the Ethereum platform, used to process any transaction that’s made on the blockchain. ETH is used as gas to fuel d’apps that run on Ethereum. Each action on the blockchain has a gas price, so the more complex the transaction the more expensive it is. Its use as ‘gas’ gives ETH utility that makes ETH appealing as an asset to own. The more users on the Ethereum blockchain, the higher the demand for ETH. 

Ethereum is the world’s leading smart contract blockchain with thousands of tokens that use the ERC-20 standard, all requiring ETH to pay gas fees. As a result, ETH is one of the top utility tokens by market cap, with a whole ecosystem of d’apps relying on the token. 

MATIC And Utility

Polygon is a layer-2 scaling solution. It was made to improve Ethereum’s scalability and reduce expensive gas fees. Ethereum’s d’apps can use Polygon’s sidechains to complete faster and cheaper transactions. MATIC is the native token of Polygon and it’s used to pay these cheaper gas fees. 

Polygon’s ecosystem is growing, with increasingly more partnerships. As a result, MATIC is becoming a top utility token by TVL for Ethereum scaling solutions. The utility of MATIC helps it consistently rank as a top 20 cryptocurrency by market cap. 

DUP And Utility 

The new cryptocurrency Doge Uprising is using its native token $DUP to power its Web3 universe. This coin promises to be the first cryptocurrency with an interactive manga series, metaverse, smart staking, and NFT collection for users to enjoy. The NFT series is composed of ‘Doge Mechas’ which enable the owners to become uprising pilots themselves and unlock exclusive content and merchandise. This project has community fulfilment and involvement at its heart. 

If you’re interested in finding out more about the Doge Uprising presale, follow the links below. 

Doge Uprising ($DUP):