ERC-20 vs SPL Tokens

Developers should learn ERC-20 when building or interacting with Ethereum-based tokens, such as for creating new cryptocurrencies, utility tokens for dApps, or integrating token functionality into smart contracts meets developers should learn spl tokens when building on solana to create compliant and interoperable tokens, as it is the official standard for tokenization on the network. Here's our take.

ERC-20

Nice Pick

Developers should learn ERC-20 when building or interacting with Ethereum-based tokens, such as for creating new cryptocurrencies, utility tokens for dApps, or integrating token functionality into smart contracts

Pros

• It is essential for ensuring compatibility with Ethereum wallets like MetaMask, exchanges like Uniswap, and other dApps, as it standardizes token behavior and reduces development errors
• Related to: ethereum, solidity

Cons

• Specific tradeoffs depend on your use case

SPL Tokens

Developers should learn SPL Tokens when building on Solana to create compliant and interoperable tokens, as it is the official standard for tokenization on the network

Pros

• Use cases include launching new cryptocurrencies, developing NFT marketplaces, or integrating token rewards into dApps, ensuring compatibility with wallets and exchanges that support SPL standards
• Related to: solana, rust

Cons

• Specific tradeoffs depend on your use case

The Verdict

These tools serve different purposes. ERC-20 is a concept while SPL Tokens is a library. We picked ERC-20 based on overall popularity, but your choice depends on what you're building.

The Bottom Line

ERC-20 wins

Based on overall popularity. ERC-20 is more widely used, but SPL Tokens excels in its own space.