 In 1988 the faster 16 Mbit/s Token Ring was standardized by the 802.5 working group, and an increase to 100 Mbit/s was standardized and marketed during the wane of Token Ring's existence.However it was never widely used, and while a 1000 Mbit/s standard was approved in 2001, no products were ever brought to market and standards activity came to a standstill as Fast Ethernet and Gigabit Ethernet dominated the local area networking market.Ethernet and Token Ring have some notable differences