SPL-tokens, NFTs and the Token Program

Like any other blockchain, Solana has tokens as well. These are assets that exist on-chain and can be traded from person to person or through secondary marketplaces. These tokens fuel several use-cases of blockchain technology like DeFi and are important for retail adoption of the crypto-economy.

All tokens on Solana are made with Solana's Token Program and follow Metaplex's Token Metadata Standard. Let us see how these programs play together to form different tokens on Solana.