FungibleValue
FungibleValue is a term used to describe the value representation of fungible assets, where individual units are interchangeable and indistinguishable in economic value. In finance and accounting, fungible value refers to the monetary value assigned to a single unit of a fungible asset, and by extension the total value of a quantity is the per-unit value multiplied by the number of units.
Fungibility is the property that allows units to be exchanged on a one-to-one basis without altering value.
In blockchain and digital asset contexts, fungible value is used to describe tokens like ERC-20 tokens, where
FungibleValue is contrasted with non-fungible value, where assets have unique characteristics and cannot be substituted on
Limitations include that real-world factors such as transaction costs, liquidity, and market frictions can cause the
See also: fungibility, fungible token, non-fungible token, price, market liquidity.