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Author: Admin | 2025-04-28
Equal to all other tokens of that same type. For example, one USDC token held in a wallet is equal to one USDC token held in any other wallet. Fungible tokens on Solana are similar to the popular "ERC-20" token standard on Ethereum, which allows users to create tokens for a wide array of uses such as stablecoins, wrapped tokens, and governance tokens. Coinbase currently supports a number of Solana tokens (with plans to support more in the future). Here’s some of what you can find:FIDA is a token that governs Bonfida, a product suite that aims to build a user interface, API, and data analytics for the popular Serum decentralized exchange on Solana. In addition, Bonfida aims to build solutions on Solana for a decentralized name service and a platform for NFT exchange.ORCA is a token that governs the Orca exchange on Solana. Orca aims to enable decentralized token exchange using an automated market maker (AMM) model in which users supply tokens to “liquidity pools” and algorithms set market prices based on supply and demand.
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