Token Ecosystem

Compressed NFT (cNFT)

An NFT stored as a leaf in an on-chain Merkle tree via State Compression, reducing minting cost by ~1,000-5,000x. Only the tree root hash is stored on-chain; leaf data is indexed off-chain. A 1M cNFT collection costs ~50 SOL vs ~12,000 SOL for standard NFTs. Created via the Bubblegum program; transfers require Merkle proofs.

IDcompressed-nftAliascNFT

Plain meaning

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An NFT stored as a leaf in an on-chain Merkle tree via State Compression, reducing minting cost by ~1,000-5,000x. Only the tree root hash is stored on-chain; leaf data is indexed off-chain. A 1M cNFT collection costs ~50 SOL vs ~12,000 SOL for standard NFTs. Created via the Bubblegum program; transfers require Merkle proofs.

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SPL assets, token standards, metadata, and NFT primitives.

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Compressed NFT (cNFT) (compressed-nft)
Category: Token Ecosystem
Definition: An NFT stored as a leaf in an on-chain Merkle tree via State Compression, reducing minting cost by ~1,000-5,000x. Only the tree root hash is stored on-chain; leaf data is indexed off-chain. A 1M cNFT collection costs ~50 SOL vs ~12,000 SOL for standard NFTs. Created via the Bubblegum program; transfers require Merkle proofs.
Aliases: cNFT
Related: NFT (Non-Fungible Token), State Compression, Bubblegum
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Branch

NFT (Non-Fungible Token)

A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.

Branch

State Compression

State Compression is Solana's technique for storing the cryptographic fingerprint (root hash) of a Merkle tree on-chain while keeping the actual leaf data off-chain in the Solana ledger's account data logs, reducing the cost of storing large datasets by orders of magnitude. A compressed NFT collection of 1 million items costs roughly 50 SOL to mint versus ~12,000 SOL with standard SPL accounts, because only a single Concurrent Merkle Tree account occupies on-chain storage. Any data change requires updating the root hash and supplying a Merkle proof to the on-chain program, which verifies inclusion without reading the full dataset.

Branch

Bubblegum

The Metaplex program for creating and managing compressed NFTs. Bubblegum wraps the SPL Account Compression program, providing NFT-specific instructions: mint_to_collection, transfer, burn, delegate, redeem, and decompress (convert to standard NFT). It stores creator arrays and collection info in the Merkle tree leaf schema.

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Token Ecosystem

NFT (Non-Fungible Token)

A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.

ZK Compression

State Compression

State Compression is Solana's technique for storing the cryptographic fingerprint (root hash) of a Merkle tree on-chain while keeping the actual leaf data off-chain in the Solana ledger's account data logs, reducing the cost of storing large datasets by orders of magnitude. A compressed NFT collection of 1 million items costs roughly 50 SOL to mint versus ~12,000 SOL with standard SPL accounts, because only a single Concurrent Merkle Tree account occupies on-chain storage. Any data change requires updating the root hash and supplying a Merkle proof to the on-chain program, which verifies inclusion without reading the full dataset.

Token Ecosystem

Bubblegum

The Metaplex program for creating and managing compressed NFTs. Bubblegum wraps the SPL Account Compression program, providing NFT-specific instructions: mint_to_collection, transfer, burn, delegate, redeem, and decompress (convert to standard NFT). It stores creator arrays and collection info in the Merkle tree leaf schema.

Token Ecosystem

Confidential Transfers

A Token-2022 extension that uses zero-knowledge proofs (Twisted ElGamal encryption over Ristretto255) to hide transfer amounts while keeping the token mint and accounts public. Balances are stored in encrypted form with separate 'pending' and 'available' pools. The account owner can decrypt their balance but others cannot see amounts.

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Token Ecosystemnft

NFT (Non-Fungible Token)

A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.

AliasNFT
Token Ecosystemdynamic-nft

Dynamic NFT (dNFT)

An NFT whose metadata, image, or attributes can change based on on-chain events, oracle data, or program logic. Unlike static NFTs with fixed metadata, dynamic NFTs evolve over time—a gaming character gaining experience, artwork changing with seasons, or stats updating from real-world data. On Solana, Metaplex Core's plugin system and Token-2022 metadata extension facilitate dynamic NFT implementations.

AliasdNFT
Token Ecosystemcore-nft

Metaplex Core NFT

Metaplex's latest NFT standard (mpl-core) that uses a single account per asset instead of multiple accounts (mint + metadata + master edition + token account). Core NFTs are cheaper to mint (~0.003 SOL), have built-in plugin support (royalties, freeze, attributes, app data), and native collection-level operations. Designed to replace the legacy Token Metadata standard.

AliasCore AssetAliasmpl-core
Related terms

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Token Ecosystemnft

NFT (Non-Fungible Token)

A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.

ZK Compressionstate-compression

State Compression

State Compression is Solana's technique for storing the cryptographic fingerprint (root hash) of a Merkle tree on-chain while keeping the actual leaf data off-chain in the Solana ledger's account data logs, reducing the cost of storing large datasets by orders of magnitude. A compressed NFT collection of 1 million items costs roughly 50 SOL to mint versus ~12,000 SOL with standard SPL accounts, because only a single Concurrent Merkle Tree account occupies on-chain storage. Any data change requires updating the root hash and supplying a Merkle proof to the on-chain program, which verifies inclusion without reading the full dataset.

Token Ecosystembubblegum

Bubblegum

The Metaplex program for creating and managing compressed NFTs. Bubblegum wraps the SPL Account Compression program, providing NFT-specific instructions: mint_to_collection, transfer, burn, delegate, redeem, and decompress (convert to standard NFT). It stores creator arrays and collection info in the Merkle tree leaf schema.

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Token Ecosystem

SPL Token Program

The original Solana Program Library token program (TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA) that implements fungible and non-fungible token operations. It manages mints (token definitions) and token accounts (balances). Core instructions include InitializeMint, MintTo, Transfer, Burn, Approve (delegation), and Revoke. All SPL tokens on mainnet before Token-2022 use this program.

Token Ecosystem

Solana Program Library (SPL)

Solana Program Library—a collection of on-chain programs and client libraries maintained by Solana Labs. Key SPL programs include Token, Token-2022, Associated Token Account, Memo, Name Service, Stake Pool, and Account Compression. SPL programs are deployed to well-known addresses and serve as the standard building blocks for Solana applications.

Token Ecosystem

Token-2022 (Token Extensions)

The next-generation token program (TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb) that extends SPL Token with configurable extensions. Extensions include transfer fees, confidential transfers, transfer hooks, permanent delegate, non-transferable tokens, interest-bearing tokens, metadata, and more. Token-2022 is backwards-compatible with SPL Token for basic operations.

Token Ecosystem

Mint

An on-chain account defining a token type. A mint specifies: supply (total minted), decimals (0 for NFTs, 6 for USDC, 9 for most tokens), mint authority (who can mint), and optional freeze authority. Each unique token (USDC, JitoSOL, etc.) has exactly one mint account. Mint address serves as the token's unique identifier.