Solana is one of the fastest and cheapest blockchains out there right now. Transactions settle in under a second, and fees are fractions of a penny. That makes it a solid option if you want to create your own token without burning through your wallet on gas costs.
And you don't need to write a single line of code. With CreateMyToken's Solana Token Creator, you can go from zero to a fully deployed SPL token in about five minutes.
What is an SPL token?
An SPL token is the standard token format on the Solana blockchain. SPL stands for "Solana Program Library," which is the set of on-chain programs that handle token creation, transfers, and account management on Solana. If you've heard of ERC-20 tokens on Ethereum, SPL tokens are the Solana equivalent. Every fungible token you see trading on Solana DEXs like Jupiter or Raydium is an SPL token.
Where it really wins is speed and cost. Deploying an SPL token costs a fraction of what you'd pay on Ethereum, and your holders get near-instant transfers for almost nothing.
What you need before starting
Before you jump in, make sure you have these ready:
- A Phantom wallet (or any Solana-compatible wallet) installed in your browser
- A small amount of SOL in your wallet for deployment fees, around 0.5 SOL should be more than enough
- Your token concept figured out: name, ticker symbol, total supply, and a logo image if you have one
That's it. No development environment, no command line tools, no Rust knowledge.
How to create your SPL token
Step 1: Open the Solana Token Creator and connect your wallet
Head to the Solana Token Creator and click "Connect Wallet." Select Phantom (or your preferred Solana wallet) and approve the connection. Make sure you're using the wallet you want to own and control the token from.
Step 2: Enter your token name, symbol, and decimals
Fill in the basics:
- Token Name: The full name of your token (like "Moon Rocket Token")
- Token Symbol: The short ticker people will see on DEXs and wallets (like "MOON"), keep it punchy and memorable
- Decimals: This controls how divisible your token is. The default is 9 for Solana tokens. Unless you have a specific reason to change it, leave it at 9
Step 3: Upload your logo and add metadata
This is where your token starts looking real. Upload a square logo image, this is what shows up in wallets and on DEX listings. Then fill in optional metadata fields:
- Description: A short summary of what your token is about
- Website URL: Link to your project's site if you have one
- Social links: Twitter/X, Telegram, Discord, whatever you've got
Good metadata builds trust. Tokens with proper logos and descriptions look way more legitimate than unnamed tokens with no information. Take a few minutes here to get it right.
Step 4: Configure authority options
Two important settings to think about:
- Mint Authority: Controls whether new tokens can be created after deployment. If you want a fixed supply, you can revoke this. If you might need to mint more later, keep it
- Freeze Authority: Lets you freeze token accounts. Most projects revoke this to show holders that their tokens can't be locked up
For most community tokens and meme coins, revoking both authorities is the move. It signals to your holders that you can't inflate the supply or freeze their bags.
Step 5: Deploy and verify
Hit the deploy button, review the details one more time, and confirm the transaction in your wallet. Solana is fast, so your token should be live within a few seconds.
Once it's deployed, you'll get your token's mint address. Copy it and save it somewhere safe. You'll need this address for everything: adding to DEXs, sharing with your community, and verifying on explorers like Solscan.
You can also use our SPL Token Builder for a more detailed configuration if you want extra control over your token setup.
SPL tokens vs ERC-20 tokens
If you're deciding between Solana and an EVM chain, here's how they stack up:
- Speed: Solana processes thousands of transactions per second with sub-second finality. ERC-20 tokens on Ethereum take 12-15 seconds per block
- Cost: Deploying an SPL token costs cents. Deploying an ERC-20 can cost $50-$200+ depending on gas prices
- Ethereum has the deepest DeFi liquidity, but Solana's ecosystem has grown fast with Jupiter, Raydium, and Orca
- Phantom on Solana is smooth and popular. MetaMask dominates on EVM chains. Both work well, just different ecosystems
Pick based on your audience. If you want to compare options, check out our ERC-20 Token Builder for Ethereum and EVM-compatible chains.
What to do after deployment
Your token is live, now what?
Get listed on a DEX. Add liquidity on Jupiter, Raydium, or Orca so people can actually buy and sell your token. Without liquidity, your token exists but isn't tradable.
Share your mint address everywhere. Post it on your website, pin it in your Telegram and Discord, and add it to your Twitter bio. Make it easy for people to find and verify your token.
Build your community. The token is just the beginning. Set up a Telegram group, create a Discord server, and start talking about your project. Tokens without communities die. That's just how it works.
Consider a fair launch. If you want to distribute your token without pre-sales or team allocations, check out our Fair Launch tool. It puts 100% of the supply into a liquidity pool so everyone buys at the same price.
Frequently asked questions
How much does it cost to create an SPL token on Solana?
Creating an SPL token on Solana costs a small amount of SOL for the on-chain transaction fees, typically well under 1 SOL. The exact cost depends on current network conditions, but it's almost always less than a dollar in transaction fees. You'll also need a bit of SOL for rent-exempt account creation on the network. Compared to Ethereum, where token deployment can cost hundreds of dollars in gas, Solana is a fraction of the cost.
Can I create a Solana token without coding?
Yes. CreateMyToken's Solana Token Creator does the technical stuff. You fill in your token details through a simple form, connect your wallet, and click deploy. No Rust, no CLI commands, no need to interact with Solana programs directly. The whole thing takes about five minutes.
What happens if I revoke mint authority on my SPL token?
When you revoke mint authority, you permanently give up the ability to create new tokens. Your token supply becomes fixed forever, nobody (including you) can increase it. This is usually a good thing because it tells your holders the supply won't be inflated. But make sure your initial supply is right before you revoke, because there's no undo button.
Quick links
- Solana Token Creator: Create SPL Token
- SPL Token Builder: SPL Token Builder
- ERC-20 Token Builder: ERC-20 Token Builder
- Fair Launch: Fair Launch