Understanding the Distinction: DeFi vs. Utility Tokens
This prompt delves into the distinction between DeFi tokens and utility tokens, shedding light on their inherent differences. By understanding these concepts, readers can gain a clearer picture of the distinct roles these tokens play within the crypto ecosystem. DeFi tokens are intricately tied to decentralized finance (DeFi) protocols, while utility tokens serve specific purposes within decentralized applications (dApps). Grasping this distinction empowers investors and users alike to make informed decisions when navigating the diverse landscape of the crypto market.
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