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Even though the crypto market has evolved with high-tech technologies and tech stack, picking the right blockchain plays a key role in crypto token development. Crypto tokens are primarily created to raise funds, for governance purposes, etc.
As they serve as a value for crypto exchange, the process of crypto token development has turned the heads of many startups. But, the prominent factor that plays a vital role is the choice of blockchain for crypto token creation. With the right blockchain platform, various types of crypto tokens, like utility token development, security token development, and even non-fungible token development, can be done.
If you are confused about picking the right one, then you have landed at the right blog. In this comprehensive blog, we have listed the top 10 blockchain platforms to create crypto tokens.
Best Blockchain Platforms For Crypto Token Creation
Each blockchain offers unique features and benefits that cater to different crypto token creation purposes. Here’s a breakdown of the top blockchains to help you make an informed choice.
Ethereum
Ethereum is the prominent blockchain network that is utilized to create crypto tokens with enhanced features. With its battle-tested infrastructure, vast DeFi opportunities, and decentralization, they remain the top choice for creating crytpo tokens. They possess various token standards, like,
- ERC20 – The Fungible token standard, which is preferred to create identical and interchangeable crypto tokens.
- ERC721– A dedicated token standard to mint non-fungible tokens that cannot be interchanged.
- ERC1155 – A semi-fungible token standard that possesses the functionalities of fungible and non-fungible tokens.
- ERC1400 – A security token standard designed for regulated assets with built-in compliance and transfer restrictions.
Why choose this?
Crypto tokens that require maximum security, wide adoption, and high visibility, especially in the DeFi and NFT spaces, can choose the Ethereum blockchain. Ethereum token development has turned many newbie startups into successful entrepreneurs. You can create any kind of crypto token with this blockchain for proven results.
Pros,
- Ethereum has enhanced functionalities that offer robust security measures for crypto token creation.
- Home to major DeFi protocols (e.g., Uniswap, Aave) and NFT marketplaces (e.g., OpenSea), offering easy integration for your token.
Best for,
Utility tokens, governance tokens, ICO tokens, etc.
Tron
Tron is renowned for its negligible fees, high-speed transactions, and focus on content sharing. It is particularly well-suited for entertainment-based projects, gaming platforms, and applications requiring frequent micropayments or token transfers. Similar to Ethereum and BNB chain, the Tron blockchain has token standards like,
- TRC20 – This is similar to the ERC20 token standard, where it can be exchanged for crypto token trading.
- TRC721 – The TRC721 token standard helps startups convert rare collectibles into crypto tokens for
Why choose this?
Tron Token Development offers low fees and high throughput, making it an optimal platform for gaming or content-heavy applications with high transaction volumes. Near-zero transaction fees make Tron suitable for microtransactions and frequent token exchanges.
Pros,
- Ideal for projects in gaming, streaming, or any application requiring frequent payments.
- Handles up to 2,000 transactions per second (TPS), ensuring fast processing for high-frequency applications.
Best for,
Payment tokens, stablecoins, gaming, and gambling platforms.
Binance Smart Chain
Binance Smart Chain or BNB chain is a flexible alternative to the Ethereum blockchain. BNB Chain stands out for its low transaction costs, high-speed performance, and strong ecosystem backed by Binance. This blockchain network leverages various crypto token standards like,
- BEP20 – This is a fungible token standard where the BEP20 tokens are similar and can be exchanged.
- BEP721 – This token standard is a popular alternative for non-fungible tokens, where any kind of art can be converted into crypto tokens.
Why choose this?
The Binance Smart Chain is compatible with Ethereum-based DeFi protocols, where seamless transactions can be executed. Also, it is an excellent choice for quick processing, flawless trading, etc. Similar to Ethereum token creation, BEP20 token development has slowly turned into a trustworthy crypto token project for startups.
Pros,
- Significantly cheaper than Ethereum, making it ideal for projects with tight budgets.
- The blockchain platform handles transactions swiftly, providing a seamless user experience.
Best for,
Altcoins, DeFi tokens, fundraising tokens, and crypto gaming projects.
Solana
Solana’s SPL standard supports both fungible and non-fungible tokens, ensuring flexibility and scalability for various use cases. Its unique Proof-of-History (PoH) consensus mechanism has set a new standard for transaction speed and efficiency. Projects can create Solana Tokens using its SPL standard for flexibility and scalability.
SPL token standard – The token standard possesses both the functionalities of fungible and non-fungible tokens. Through this, any kind of real-world asset can be tokenized with enhanced trading properties.
Why choose this?
Solana Token Development is perfect for projects that need high-speed, scalable solutions with affordable transaction costs, allowing real-time processing. With a growing ecosystem of gaming dApps, NFT platforms, and DeFi projects, Solana is ideal for developers who need real-time responsiveness and scalability.
Pros,
- Able to process 65,000 transactions per second, making it the quickest blockchain.
- Transaction fees are only a fraction of a cent, ideal for applications that require real-time processing.
Best for,
Real-time apps, gaming tokens, etc.
Polygon
Polygon uses Ethereum-compatible standards like ERC20, allowing developers to create tokens that seamlessly integrate with Ethereum-based dApps and services. You can develop Polygon Tokens using Ethereum-compatible standards like ERC20 for seamless integration. The Polygon network possesses the benefits of the Ethereum network, like robust security, scalability, etc.
Why choose this?
Polygon token development primarily utilizes the ERC20 token standard to create utility tokens for interoperability.
Pros,
- A layer-2 solution that handles high transaction volumes efficiently.
- Strong developer support and widespread adoption make it a robust platform.
Best for,
Scalable DApps, NFT tokens, Web3 games, and metaverse projects.
Avalanche
Avalanche’s C-Chain is fully compatible with Ethereum’s ERC20 standard and supports advanced smart contract functionality. Its innovative design includes the ability to create custom blockchains for specific applications.
Why choose this?
Avalanche is distinguished by its eco-friendly, energy-efficient consensus mechanism and support for creating custom blockchains via subnets. Avalanche token development is suitable for creating utility tokens, loyalty tokens, etc.
Pros,
- Utilizes a low-energy consensus mechanism, appealing to environmentally conscious projects.
- Processes up to 4,500 TPS with minimal transaction costs.
Best for,
DeFi tokens, Stablecoins, NFTs, etc.
Tezos
Tezos uses standards like FA1.2 for fungible tokens and FA2 for multi-type assets, offering versatility for a wide range of applications. Its focus on on-chain governance and seamless upgrades sets it apart from other platforms. This blockchain platform enables on-chain governance and seamless upgradations.
Why choose this?
Tezos Token Development offers a self-amending blockchain, eco-friendly features, and on-chain governance, ensuring long-term sustainability for your token.
Pros,
- Allows upgrades without requiring hard forks, ensuring long-term sustainability.
- Utilizes an eco-friendly Proof-of-Stake (PoS) mechanism, which is energy-efficient.
Best for,
Non-fungible tokens, utility tokens, and security tokens.
Stellar
Stellar is an enhanced blockchain network that is primarily created to offer seamless crypto payment solutions. As it is built on decentralized crypto exchanges, the blockchain is ideal for financial applications. The blockchain utilizes a consensus mechanism that offers affordable, energy-efficient, and faster transactions.
Why choose this?
This blockchain offers fast, secure, and scalable crypto transactions for users worldwide. Various industries like finance, healthcare, etc, are utilizing this blockchain for creating payment tokens.
Pros,
- Developer-friendly to create crypto tokens, and they are custom-designed.
- The crypto transactions can be executed within 3 to 5 seconds with this blockchain.
Best for,
Security tokens, DeFi tokens, etc.
Consensys Quorum
Consensys Quorum is an advanced-level, permissioned blockchain version of Ethereum. The blockchain network is specifically designed for enterprise purposes with enhanced features like a custom consensus mechanism, private transactions, etc. Also, data sharing can be executed within the inter-organizations.
Why choose this?
It allows businesses to enjoy the power of smart contracts and blockchain transparency without compromising data confidentiality or operational control. This blockchain is primarily utilized in supply chain industries.
Pros,
- Only a limited set of participants who have legitimate approval can join and interact within the blockchain.
- Developers can build on Quorum using standard Ethereum tools (Solidity, Web3.js), which reduces the learning curve.
Best for,
Consortium-based crypto assets, DeFi tokens, etc
Hyperledger Fabric
Hyperledger Fabric is a modular blockchain network where it is designed for high-end enterprise utilization. With the battle-tested infrastructure, they offer data privacy, high performance, etc, for crypto token creation. It is presently used in various industries like healthcare, finance, and supply chain & logistics.
Why choose this?
The Hyperledger Fabric can be tailored based on the industrial blockchain needs rather than relying on an on-fit for all approach. Also, the blockchain doesn’t have a stable token standard for crypto token development.
Pros,
- Possesses enhanced security measures that support private data channels between specific participants.
- With its permissioned access control, only authorized participants can participate.
Best for,
Security tokens, reward tokens, and asset-backed crypto tokens.
These are the top 10 blockchain platforms that are primarily used for the crypto token development process. Among the above list, you can find your perfect blockchain that suits your business vision and mission. As each blockchain excels with special qualities, you may find it difficult to pick the right one.
No worries, we are here with the solution in the next section.
How to Choose the Best Blockchain Platform For Creating a Crypto Token?
The choice of the blockchain network for crypto token development totally depends on your business needs, requirements, etc. Hence, pick the right one that suits your business vision. Here, we have enlisted some of the determining factors that help you to pick the right blockchain platform for token creation.
- Scalability – This is the primary factor that determines a blockchain’s capacity to handle increasing transaction volume. If your project anticipates high transaction volumes, choose a blockchain with efficient scalability solutions, such as sharding or layer-2 protocols.
- Gas Fees – Based on the blockchain performance, certain gas fees are collected from crypto users for every successful transaction.
- Transaction Speed – Evaluate the blockchain platform’s speed, which is vital for user adoption and the trading volume.
- Smart Contract Functionality – Ensure the smart contract core functionalities and features of the blockchain to offer advanced-level crypto tokens.
- Compatibility – If your project requires communication with other blockchains or systems, prioritize blockchains with cross-chain interoperability features, such as Polkadot or Cosmos.
Check through these determining factors that play a vital role in the blockchain network and its performance. Crypto token development is not a difficult task unless you have a potential blockchain and crypto token development team on your side.
Final Verdict
Pixel Web Solution is a well-known Crypto token development company that has delivered nearly 250+ crypto projects for newbie startups and entrepreneurs. We have experienced crypto token developers who make sure to create crypto tokens that align with your budget, time constraints, and business goals.
Our development team helps you in customizing the cryptocurrency token that satisfies your vision. Along with the crypto token development, we also offer ICO development services, crypto exchange solutions, wallet & payment gateway services, etc. Get the exact cost budget to create a crypto token from our business team.