Utility tokens are hugely popular as an investment. Our guide for the best utility tokens to buy in 2024 offers a curated list of tokens with promising use cases and potential value.
Below, we review the crypto utility tokens list, each based on the latest market data, industry trends, insights from experts and analysts, and official websites.
So, let’s dive in.
What Are the Best Utility Tokens?
- Pepe Unchained — Redefines meme coins by giving them real-world utility
- Catslap – Cat-based utility token that enables its holders to stake their coins for rewards with the possibility of becoming a gamified coin
- Crypto All-Stars — Top utility token, offering users the opportunity to buy low and sell high
- Flockerz — One of the best crypto utility tokens that introduces a vote-to-earn system
- Best Wallet Token — A multiple-utility token that offers a range of additional utilities for the Best Wallet users
- Sponge V2 — ERC-20 utility token combines high staking rewards with a P2E game
- FreeDum Fighters — Multi-utility token that enables its holders to vote, earn rewards, and engage in weekly debates
- Bitcoin — Crypto with most utility and the world’s first decentralized digital currency
- Ethereum — The leading force in smart contract and Web3 development
- BNB — In-house token for the Binance crypto exchange
- Curve — Utility token for the biggest Ethereum-based DEX
A Closer Look at the Best Utility Tokens to Buy
Choosing the best utility tokens to invest in can be challenging. So, to make things easier, we’ve picked out and reviewed the utility tokens with strong momentum as we move further into 2024.
1. Pepe Unchained
What Pepe Unchained Gets You — 100x faster than ETH, lower transaction fees, double staking rewards
Pepe Unchained is an Ethereum utility token whose goal is to free Pepe the Frog from its traditional chains. This Pepe-based token will launch on its native Layer 2 Ethereum network, which will enable it to do three things.
First, the $PEPU token will be 100x faster than ETH since it will have a higher volume capacity. Second, it will have lower transaction fees because transactions will take place off-chain. Third, Pepe Unchained will offer double staking rewards, whose APY, at the time of writing, stands at 4,830%. Moreover, Pepe Unchained will provide instant bridging between ETH and Pepe Chain, which means that it will have greater liquidity.
This project aims to redefine meme coins by giving them real-world utility. Pepe Unchained raised over $500k in less than three days. Its current price is $0.0084598, and its total token supply is capped at eight billion.
2. Catslap
What Catslap Gets You — Staking rewards with a fixed APY of 40% that will be locked for 7 days
Catslap is a new meme coin that has taken the crypto world by storm. Just minutes after its launch on DEXs, this coin reached a market cap of $16 million. In less than an hour, it became the most trending coin on trading sites like DexTools.This shows that the Catslap token could become one of the top utility coins after it gets listed on CEXs.
What makes this token so popular among investors? Its partnership with Best Wallet, which featured it on its Upcoming Tokens page. This enables investors to buy $SLAP tokens directly through BW’s app, which reduces the risk of connecting to malicious contracts.
Investors can use $SLAP tokens to earn staking rewards that come with a fixed APY of 40%. The stakes will be locked for 7 days. However, investors can unlock them earlier by burning a portion of their staked balance. Catslap is also popular for its humorous and addictive game in which players collect points for their country by slapping Pepe. This game could become gamified in the future, which would extend the utility of the $SLAP token.
3. Crypto All-Stars
What Pepe Unchained Gets You — Amazing staking rewards, MemeVault mechanism
Our utility cryptocurrency list cannot be complete without Crypto All-Stars. The platform is happy to announce its MemeVault mechanism, a feature that allows the staking of 11 top meme coins on one platform. That’s not all; those who want to triple their staking rewards should also own and stake $STARS tokens.
The token reward distribution will occur at 2801.44 $STARS per ETH block. The current APY is 4946%, and the token’s price is $0.0013855.
Crypto All-Stars has a three-stage roadmap. The first stage focuses on staking and the presale, the second on launching the token, and the last on unlocking the vault.
The project offers users the opportunity to buy low and sell high. The platform uses smart contracts to enable secure and automated transactions. These digital agreements execute predefined stipulations independently, eliminating the need for intermediaries.
4. Flockerz
What Flockerz Gets You — Voting on major decisions, rewards, staking opportunities
Flockerz is one of the best DAO crypto projects. It puts its users in the driving seat and empowers them to vote on every major decision through its Vote-to-Earn system. Users can vote about token burns, new features, key developments, expansion plans, and marketing strategies.
The presale, which has already raised more than $690k, will take place in many stages. The current price of $FLOCK is $0.0057699, but it will increase with every presale stage, so investors should take advantage of the currently low price.
The project offers a well-balanced tokenomics structure and a meticulous roadmap. The former allocates tokens between the presale, marketing, staking, the DAO Vault, and CEX/DEX, while the latter is divided into three steps. The last step will focus on introducing the Vote-to-Earn system.
Users can also stake their tokens with an APY of 2,530%. Current rewards come at 684.93 tokens per ETH block.
5. Best Wallet Token
What Best Wallet Token Gets You — Reduced transaction fees, early access to new projects, higher staking rewards, and governance.
Next, on our best utility coins list, we have the native token of the popular wallet provider – Best Wallet. This non-custodial wallet is the first wallet to use Fireblocks MPC-CMP technology, which makes it extremely safe.
That said, the $BEST token is the backbone of its ecosystem. This ERC-20 token offers a range of additional use cases to its holders, from governance to reduced transaction fees and higher APYs. $BEST token holders will also gain early access to new crypto projects.
The Best Wallet token presale launched exclusively on the Best Wallet’s Upcoming Tokens page. This means that all Best Wallet users can buy $BEST tokens directly through the Best Wallet app for a starting price of $0.02250000. The $BEST token has a limited supply of 10 billion, of which 4.5% will be distributed towards the presale.
Those who join the presale will also be able to earn $BEST tokens by participating in airdrops. Once it gets listed on notable exchanges, this utility token could explode, especially during the altcoin season.
6. Sponge V2
What Sponge V2 Gets You — Upcoming play-to-earn game, 43% of tokens in presale
Sponge V2 ($SPONGEV2) is also on our list of utility tokens. It’s an improved version of the original $SPONGE meme coin, which saw a massive 100x market cap growth in 2023.
One of the most significant upgrades in Sponge V2, and why it is on our utility coins crypto list, is the addition of a play-to-earn game. This new gaming platform provides an engaging environment for players to use their V2 tokens, earn more tokens, and enhance their interaction with the Sponge ecosystem.
The total supply of Sponge V2 tokens is limited to 150 billion, with a significant portion reserved for staking and P2E gaming rewards. This incentivizes participation and improves the token’s utility. You can stake your tokens on top platforms and earn an impressive 190% APY, which is one of the highest rates available for a meme coin.
However, as more tokens are locked in, the APY will gradually decrease at some point. This is because over 43% of the total token supply was dedicated to the presale.
Stay informed about the latest news and product updates by joining the SpongeV2 Telegram channel.
7. FreeDum Fighters
What FreeDum Fighters Gets You —Earn rewards and airdrops by voting and participating in debates
Next on our list of utility coins, we have FreeDum Fighters. This is a new politiFi token inspired by the ongoing US presidential election. Thanks to its satirical and parodic take on political events, the $DUM token managed to raise over $100k in just a few minutes.
FreeDum Fighters mimics the presidential elections. This means that investors can earn rewards by voting for two mechanical candidates – Magatron and Kamacop 9000. To vote, investors will have to lock their $DUM tokens in two separate reward pools. A pool with more votes will have a higher APY, which will enable investors to hedge their bets. They’ll also be able to win secret airdrops by participating in debates that will be tied to real-life political milestones.
This multi-utility token has a capped supply of 270 billion, of which 40% will be allocated to the presale. Its starting price will be $0.00005, while its price during the final presale stage will be $0.000125.
8. Bitcoin
What Bitcoin Gets You – Cross-border and privacy-focused transactions, NFT ordinals on its network
Our utility token list cannot be complete without Bitcoin, the world’s first decentralized digital currency and also the most profitable one. Bitcoin has several utilities, the most common being cross-border transactions, NFT ordinals on its network, streaming payments, privacy-focused transactions, and financial inclusion.
Bitcoin operates using peer-to-peer technology without the need for a central authority or banks. The network collectively manages transactions and the creation of BTC. It is open-source, meaning its design is public. Bitcoin’s unique properties enable exciting use cases that were not possible with previous payment systems.
Bitcoin uses a proof-of-work consensus mechanism. In the past, miners were awarded 50 BTC when they successfully added a new block to the blockchain. But because of BTC halving events, the reward is cut by 50%. The last such event happened in April 2024, cutting the reward to 3.125 BTC.
Due to Bitcoin’s limited supply of 21 million, its price will steadily increase. It now trades at $69,454. The new Bitcoin ETFs, along with its supply-demand imbalances, will further contribute to its growth.
9. Ethereum
What Ethereum Gets You — The largest altcoin on the market, used to pay transaction fees
Ethereum is one of the top utility tokens due to its widespread use and versatility. It’s the second-largest cryptocurrency globally and powers thousands of projects and decentralized apps (dApps) on its blockchain.
Ethereum is essential for deploying smart contracts, which are used by many ERC-20 tokens. These projects need ETH to pay for transaction fees called gas fees, making Ethereum a valuable utility coin. For instance, Uniswap, a decentralized exchange on Ethereum, processed over $500 million in transactions in just 24 hours, requiring ETH for GAS fees.
Ethereum also transitioned to a proof-of-stake (PoS) consensus mechanism after the Ethereum merge, allowing users to stake their ETH. Additionally, Ethereum’s mainnet supports various use cases, such as creating DeFi apps and NFTs.
At the time of writing, Ethereum is priced at $3,569 with a market cap of over $428 billion.
10. BNB
What BNB Gets You — 25% trading discount on Binance, great long-term investment
Binance Coin (BNB) is the utility token for Binance, the largest crypto exchange in the world. BNB owners can get a 25% trading discount when trading on Binance’s crypto market and discounts on crypto staking.
With 80M users and 600+ crypto on sale, Binance compares well against top brokers as a great place to track down the most undervalued crypto. Having some BNB makes trading on the exchange smoother. However, many investors buy BNB simply as an investment.
BNB Coin is based on the Binance Smart Chain (BSC) blockchain.
Currently, the BNB price is $575.70. As a strong utility token, BNB is tipped for greater things over the long term.
11. Curve
What Curve Gets You — Liquidity farming, offers a proprietary algorithm
With over 150,000 followers on a leading broker, Curve is undoubtedly one of the stronger crypto utility tokens.
Curve is part of the $120B DeFi sector. Specifically, $CRV is the governance token for Curve, the biggest Ethereum-based decentralized exchange (DEX).
Curve centers on liquidity farming. Users borrow and lend stablecoins in what are known as liquidity pools. Curve stands out from the competition in this area in two ways:
- By acting as a decentralized exchange for stablecoins only.
- By offering a proprietary algorithm (created by Russian scientist Michael Egorov) that minimizes slippage and impermanent loss — key issues with Automated Market Maker systems.
Curve boasts a market capitalization of $440 million. Impressively, Curve’s total value locked (ie. how many assets are currently invested in the system) stands at $20B.
What Is Utility in Crypto?
Utility tokens are a type of digital currency that exists on its own blockchain. They are used to access specific products or services that a company is developing. These tokens can be sold to raise capital, and investors who buy them can be rewarded for their contributions. If you’re looking for a platform with excellent utility, Ethereum is your best bet. It dominates smart contracts and Web3 development and has a significant share of the market.
Utility Tokens vs. Security Tokens
If you own a security token, you own a share of the tokenized security. That security could be a piece of real estate or a company. If you own a utility token, on the other hand, you do not own part of security but have privileges within a crypto ecosystem.
Governance Token vs. Utility Token
Governance tokens play a key role in many crypto ecosystems. Governance tokens allow owners to participate in decision-making. Because this means a governance token entitles the owner to a service, all governance tokens can be classed as utility tokens.
Luckily, investors do not need to understand the precise distinctions between different types of crypto. Our job is to pick the ones that are good investments!
Are Utility Tokens a Good Investment?
Whether crypto tokens with utility are a good investment depends on your appetite for risk. All crypto is inherently high-risk. This means the potential gains are high, but so are the potential losses. Most investors do not want to risk losing all their money.
Naturally, some types of crypto, even the top utility tokens, are more risky than others. Meme coins, for example, are extremely high-risk compared to utility tokens. This means they can reap incredible rewards – like Shiba Inu did in 2021, for example – but can also crash in value.
The difference between meme coins and top utility crypto coins is that meme coins are usually introduced as joke coins with no inherent use other than as a store of value. Although, strictly speaking, some meme coins can be on the utility tokens crypto list, utility tokens generally confer the right to receive a certain service.
Owners of BNB Coin can use their BNB to access cheaper trading fees on the Binance exchange.
Where to Buy Utility Tokens
The best utility tokens to buy can be found online with one of the crypto exchanges or a broker. Exchanges offer a wider range of tokens but can be intimidating for beginners. For a simple and safe way to buy utility tokens, we recommend global brokers like Binance.
We treat all of our investment suggestions with extreme caution and responsibility. Our team examines 12 distinct performance indicators when evaluating any digital asset we present to our readers. Here are the most important ones:Our Methodology for Ranking and Reviewing Crypto Assets
Conclusion
In conclusion, this comprehensive guide provides in-depth reviews of the best utility tokens for 2024. Each offers unique features and potential at the cutting edge of blockchain technology, enabling access to exciting services and products.
From the best utility tokens list, the most promising and unique utility token we have determined is Pepe Unchained.