Experimental Tokens Emerge to Address Ethereum Congestion from Viral ERC-404
• ERC-404 tokens caused Ethereum network fees ("gas") to spike to 8-month highs due to popularity • Developers created experimental "DN-404" tokens using ERC-20 and ERC-721 standards to solve ERC-404 drawbacks • DN-404 aims to offer similar objectives as ERC-404 without the network congestion and high fees • ERC-404 is not an officially recognized Ethereum standard, but spurred $209M market cap in days • ERC-404 developers working on an Ethereum Improvement Proposal (EIP) for official standard recognition