Token Ecosystem

Merkle Airdrop

Token distribution method using a Merkle tree to efficiently verify eligibility. A Merkle root representing all eligible addresses and amounts is stored on-chain. Recipients submit a Merkle proof to claim tokens, and the program verifies the proof against the root. This allows distributing to millions of addresses with minimal on-chain storage, paying only per actual claim.

IDmerkle-airdrop

Plain meaning

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Token distribution method using a Merkle tree to efficiently verify eligibility. A Merkle root representing all eligible addresses and amounts is stored on-chain. Recipients submit a Merkle proof to claim tokens, and the program verifies the proof against the root. This allows distributing to millions of addresses with minimal on-chain storage, paying only per actual claim.

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

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Merkle Airdrop (merkle-airdrop)
Category: Token Ecosystem
Definition: Token distribution method using a Merkle tree to efficiently verify eligibility. A Merkle root representing all eligible addresses and amounts is stored on-chain. Recipients submit a Merkle proof to claim tokens, and the program verifies the proof against the root. This allows distributing to millions of addresses with minimal on-chain storage, paying only per actual claim.
Related: Merkle Tree, Airdrop, SPL Token Program
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Concept graph

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Branch

Merkle Tree

A binary tree where each leaf node is a hash of data and each internal node is the hash of its two children. The root hash (Merkle root) uniquely represents all underlying data. Merkle trees enable efficient proof of inclusion—proving a specific element exists requires only O(log n) hashes. Used in blockchains for transaction verification and state storage.

Branch

Airdrop

A distribution of tokens to wallet addresses, typically as a reward for early usage, community participation, or ecosystem contribution. Notable Solana airdrops include JUP (Jupiter, Jan 2024), BONK, and W (Wormhole). Airdrop eligibility often involves on-chain activity criteria (transaction count, protocol interaction, holding duration). Sybil resistance is a key challenge.

Branch

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.

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Blockchain General

Merkle Tree

A binary tree where each leaf node is a hash of data and each internal node is the hash of its two children. The root hash (Merkle root) uniquely represents all underlying data. Merkle trees enable efficient proof of inclusion—proving a specific element exists requires only O(log n) hashes. Used in blockchains for transaction verification and state storage.

Blockchain General

Airdrop

A distribution of tokens to wallet addresses, typically as a reward for early usage, community participation, or ecosystem contribution. Notable Solana airdrops include JUP (Jupiter, Jan 2024), BONK, and W (Wormhole). Airdrop eligibility often involves on-chain activity criteria (transaction count, protocol interaction, holding duration). Sybil resistance is a key challenge.

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

Metadata Update Authority

The account authorized to modify an NFT's or token's on-chain metadata, including name, symbol, URI, and attributes. In Metaplex's token metadata standard, this authority can update mutable metadata fields. Revoking or transferring update authority is a trust signal — immutable metadata means the creator cannot alter the NFT's properties post-mint.

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Token Ecosystemmint-authority

Mint Authority

The pubkey authorized to mint new tokens via the MintTo instruction. Set at mint creation and can be changed or revoked (set to None) by the current authority. Revoking mint authority makes the supply fixed—critical for trust in fungible tokens. For NFTs, mint authority is typically revoked after minting the single token.

Related terms

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Blockchain Generalmerkle-tree-general

Merkle Tree

A binary tree where each leaf node is a hash of data and each internal node is the hash of its two children. The root hash (Merkle root) uniquely represents all underlying data. Merkle trees enable efficient proof of inclusion—proving a specific element exists requires only O(log n) hashes. Used in blockchains for transaction verification and state storage.

Blockchain Generalairdrop-crypto

Airdrop

A distribution of tokens to wallet addresses, typically as a reward for early usage, community participation, or ecosystem contribution. Notable Solana airdrops include JUP (Jupiter, Jan 2024), BONK, and W (Wormhole). Airdrop eligibility often involves on-chain activity criteria (transaction count, protocol interaction, holding duration). Sybil resistance is a key challenge.

Token Ecosystemspl-token

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.

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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.