#SPL Token refers to any token built on the Solana blockchain using the Solana Program Library (SPL) token standard — similar to ERC-20 tokens on Ethereum.
🔹 Key Points about SPL Tokens:
SPL = Solana Program Library – a collection of on-chain programs.
SPL Token is the standard for fungible & non-fungible tokens on Solana.
Used for building DeFi apps, stablecoins, NFTs, games, and more.
Examples: USDC-SPL, SRM, RAY, GMT, etc.
SPL tokens use SOL to pay for transaction fees.
✅ Features:
Fast transactions (thanks to Solana’s high throughput)
Low fees
Native wallet support (e.g., Phantom, Solflare)
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