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WHAT IS A SPL TOKEN SOLANA

When we talk about SPL Token, we mean tokens on the Solana Blockchain. SPL stands for “Solana Program Library”, meaning SPL Token are the token that follow Solana standards. 

SPL Token are the Solana network’s equivalent of token ERC-20 tokens on Ethereum. They can serve various functions and use cases. 

By far, the most popular and well-known is SOL, the Blockchain’s governance token. As you probably know, SOL is used as a payment currency, for value transfers, to execute contracts, and even to participate in Solana governance.

Also worth noting are SPL tokens like $DUST and $BONK.