Solana Program Library

The Solana Program Library (SPL) is a collection of on-chain programmes (smart contracts) built specifically for the Solana blockchain. SPL provides standardised modules that simplify the creation and management of tokens, decentralised finance (DeFi) applications, governance systems, and more in the Solana ecosystem.

SPL programmes are open-source, thoroughly tested, and optimised for Solana’s high-speed, low-cost network. The SPL Token programme allows anyone to create and manage both fungible and non-fungible tokens (NFTs) on Solana, functioning similarly to Ethereum’s ERC-20 and ERC-721 standards.

Key Takeaway

The Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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