Technical Definition

SPL Token

An SPL token is a token created and managed using Solana's token-program infrastructure.

By Crypto University Editorial
Mint FunctionToken StandardWallet Address

✦ Key Insight

Understanding SPL tokens helps users interpret Solana token addresses, mint authorities, freeze authorities, token accounts, and transfers.

✕ Common Misconceptions

The existence of an SPL token does not establish legitimacy. Check the exact mint address and relevant authorities before interacting.

Detailed Explanation

Solana uses token programs that define standard instructions for creating, transferring, minting, burning, and managing tokens. A token's mint account records important configuration such as supply and authorities.

In Practice

“A project creates a new token mint on Solana and distributes tokens to users' associated token accounts.”

Dig Deeper

Wallet Address

The public string of characters others send crypto to, derived from your public key.

Block Explorer

A block explorer is a search interface for viewing transactions, addresses, blocks, tokens, and other data recorded on a blockchain.

Holder Concentration

Holder concentration measures how much of a token's supply is controlled by a relatively small number of addresses or entities.

Mint Function

A mint function creates new units of a token and increases its circulating or total supply according to the token's rules.

Token Standard

A token standard is a technical specification defining common rules and interfaces for how a class of tokens behaves.