Learn more about SPL tokens and the Solana ecosystem

Solana (SOL) has become one of the most popular and fastest-growing smart contract blockchains. The ultra-fast network coupled with very low network fees (less than $0.01) has helped a host of new DeFi, NFT, and Web3 projects thrive in the Solana ecosystem.

In this article:

What does decentralized finance (DeFi) look like in Solana?

Decentralized finance, more commonly called DeFi, is a catch-all term for financial services like borrowing, lending, and trading protocols which are built using blockchain assets and smart contracts.

Here is a list of popular DeFi tokens that run on the Solana blockchain:

  • Serum (SRM): SRM powers numerous DeFi projects bringing trading, asset management, and yield farming to Solana users.
  • USD Coin (USDC) and Tether (USDT): fiat-collateralized stablecoins such as USDC and USDT are essential to DeFi and facilitate many of the innovative financial services you'll find in the Solana ecosystem.
  • Raydium (RAY), Orca (ORCA), and Mango (MNGO): popular non-custodial decentralized exchanges, also called DEXs, which are built on Solana and emulate the options available on centralized exchanges.
  • Tulip Protocol (TULIP): a yield aggregation platform that offers different auto-compounding vault strategies for maximizing returns from yield farming and lending.

Read more below about storing and transacting with your SPL tokens in Exodus.

How do I interact with Solana NFTs in Exodus?

NFTs, or non-fungible tokens, store digital representations of images, music, and GIFs on a blockchain. Magic Eden is the leading NFT marketplace on Solana. You can explore Solana NFTs in your NFT Gallery and Marketplace on Exodus Mobile (Android only) and your NFT Gallery on Exodus Desktop

What are some up-and-coming Solana Web3 projects?

Web3 usually refers to using crypto and decentralized applications (or dApps) to build a web that is free of centralized authorities. Solana's ecosystem has some exciting Web3 dApps with tokens you can store and transact with in Exodus:

  • Audius (AUDIO) is a music streaming platform that puts power back into the hands of artists rather than Spotify or YouTube
  • The Graph (GRT) makes data more accessible by building and publishing APIs (called subgraphs) on networks like Ethereum (ETH), Solana, and IPFS
  • ChainLink (LINK) oracles provide the data required for dApps to link real-world events and blockchains together
  • Star Atlas (ATLAS), AURY (AURY), and the NFT-based Axie Infinity (AXS) can be used in online games
  • STEPN (GMT) is a lifestyle app using NFT sneakers to get you moving and earning

What SPL tokens does Exodus support?

Solana Program Library (SPL) tokens are assets that live on Solana’s network. These assets benefit from Solana’s scalability and network performance.

These assets use SOL the same way an ERC20 asset uses ETH. Small amounts of SOL are used to fuel each transaction on the Solana network.

In your Exodus wallet, you can enable a growing number of supported Solana tokens:

Audius (AUDIO) AUDIO is a decentralized streaming community for music.
Aurory (AURY) AURY is the multi-utility token that fuels its in-game economy.
Axie Infinity (AXS) AXS is the governance token for the Axie Universe.
Bonfida (FIDA) FIDA is the utility and governance token of the Bonfida ecosystem.
Chainlink (LINK) LINK connects smart contracts to real-world data.
COPE (COPE) COPE allows interaction with a series of PlayFi protocols for rewards.
DeFi Land (DFL) DFL brings DeFi to the people with NFTs, play-to-earn gaming, and multiple platforms in one simple gaming platform.
FTX Token (FTT) FTT is the backbone of the FTX ecosystem.
Genopets (GENE) GENE rewards users for being active while raising their in-game Genopet.
STEPN (GMT) GMT is the governance token of the STEPN Web3 lifestyle app.
Kin (KIN) KIN is used as money in consumer apps and services in the spaces of gaming, finance, communication and more.
Lido Staked ETH (stETH) stETH is a token representing Ethereum staked with Lido that automatically earns rewards.
Lido Staked SOL (stSOL) stSOL is a token representing Solana staked with Lido that automatically earns rewards.
Mango (MNGO) MNGO is a governance token for the Mango DAO.
Marinade Staked SOL (mSOL) mSOL is token representing Solana staked with Marinade that automatically earns rewards.
MeanFi (MEAN) MEAN is the governance token of MeanFi, a self-custody, trustless bank that connects TradFi and DeFi.
Orca (ORCA) ORCA is the utility and governance token of the Orca DEX.
Raydium (RAY) RAY is the utility token of the Raydium ecosystem.
Serum (SRM) SRM is the utility and governance token of the Serum ecosystem.
Star Atlas (ATLAS) ATLAS is the payment token of the in-game metaverse economy.
Star Atlas DAO (POLIS) POLIS is the governance token for the Star Atlas gaming metaverse.
Tether (USDT) USDT, the world's most popular stablecoin is now on Solana too.
The Graph (GRT) GRT is an indexing protocol for querying blockchains and other networks.
Tulip Protocol (TULIP) TULIP is the utility token of Tulip Protocol, the first Solana yield aggregation platform.
USD Coin (USDC) USDC, the world's leading digital dollar stablecoin is now on Solana.
Wrapped Bitcoin (soBTC) soBTC is Bitcoin which has been wrapped for use on the Solana network.
Wrapped Ethereum (soETH) soETH is Ethereum which has been wrapped for use on the Solana network.

If you want to interact with Solana SPL tokens that are not on this list, you can now add these as custom tokens!

All SPL token transactions require SOL to pay transaction fees.

Do I need Solana to send my SPL tokens from Exodus?

Yes! Every Solana token such as SRM, RAY, soETH, or USDC on the SOL network, uses some SOL to pay for network fees.

Network fees can be seen at the bottom of the “SEND” screen. In this case, the fee for sending SRM was 0.000005 SOL.

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