Governance Token vs Protocol Token

Quick comparison to help you distinguish these two crypto terms.

Governance Token
intermediate
fundamentals

A governance token is a cryptocurrency that grants holders voting rights over a decentralized protocol's decisions, enabling community-driven control without centralized management.

Read full definition
Protocol Token
intermediate
fundamentals

A cryptocurrency token native to a specific blockchain protocol or decentralized application, often combining governance rights, utility functions, and value capture mechanisms tied directly to protocol success and usage.

Read full definition
Browse full glossaryGet platform access