I'm trying to understand if
Solana is compatible with the ERC-20 token standard. I want to know if Solana tokens are ERC-20 tokens or if they're something completely different.
6
answers
KpopStarletShine
Mon Jan 27 2025
SPL tokens are designed to function within the
Solana blockchain ecosystem.
KimonoElegance
Mon Jan 27 2025
On the other hand, ERC-20 tokens are specifically tailored for the Ethereum blockchain, as well as any other blockchain that is compatible with the Ethereum Virtual Machine (EVM).
SsangyongSpiritedStrength
Sun Jan 26 2025
The underlying attributes of these blockchains are inherited by the tokens that operate on them.
Stefano
Sun Jan 26 2025
For instance, SPL tokens benefit from Solana's high throughput and low latency.
Bianca
Sun Jan 26 2025
Meanwhile, ERC-20 tokens leverage Ethereum's decentralized nature and smart contract functionality.