Glossary
Plain-English Solana terms. Short answers, no hype.
AirdropFree tokens sent to many wallets.Bonding curveA formula that sets the price as people buy and sell.DEXA decentralized exchange: you trade straight from your own wallet.DYORDo your own research.Freeze authorityThe permission to freeze token accounts.HoneypotA token you can buy but cannot sell.LamportThe smallest piece of SOL.LiquidityHow easily a token can be bought or sold without moving the price.Liquidity poolA pot of two tokens that lets people trade on a DEX.Market capPrice times supply: a rough size of a token.MintThe record that defines a token, and the act of creating new tokens.Mint authorityThe permission to create more of a token.Priority feeAn optional tip that helps your transaction go first.Private keyThe secret number that proves a wallet is yours.pump.funA launchpad where anyone can create a token in minutes.RentA small SOL deposit that keeps an account on Solana.Rug pullWhen creators take the money or crash the price and disappear.Seed phraseA list of words that can restore your whole wallet.SlippageThe gap between the price you expected and the price you got.SOLThe main coin of Solana, used to pay network fees.SPL tokenThe standard format most Solana tokens follow.TokenA coin created on top of Solana that is not SOL itself.Token accountA small account that holds your balance of one token.Top holdersThe wallets that hold the biggest share of a token.WalletAn app or device that holds the keys to your crypto.Wallet addressThe public code people use to send you crypto.
Educational only, not financial advice.