LightProtocol Launches Light Token Standard on Solana Devnet
The new Light Token standard offers 200 times lower costs than SPL, maintains full DeFi compatibility, and is now available for testing on Solana’s development network.
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Terms & Concepts
Solana: A high-performance blockchain platform designed for fast, scalable decentralized applications.
SPL: Solana Program Library, a standard for creating tokens and other functionalities on the Solana blockchain.
DeFi: Decentralized finance, a blockchain-based financial ecosystem without traditional intermediaries.