The BUILT token (also known as “Built Different”) represents an intriguing addition to the Solana blockchain ecosystem. Let’s explore what makes this token unique and understand its technical foundations.

What is the BUILT Token?

BUILT is a Solana Program Library (SPL) token with the address vsDLJBTQZTFcnvrosoA49Czqy9qZGu4tgjh768wpump. As an SPL token, it leverages Solana’s high-speed infrastructure while maintaining full compatibility with the ecosystem’s wallets and decentralized applications (dApps).

Key Technical Features

• Token Standard: SPL (Solana’s equivalent to Ethereum’s ERC-20)
• Mint Authority: Revoked (no new tokens can be created)
• Freeze Authority: Revoked
• Metadata: Immutable

Market Performance and Distribution

Recent market data from Bitget shows significant trading activity:

• 24h Trading Range: $0.0001771 - $0.004894
• 24h Volume: 2.17B BUILT ($3.37M USDT)
• Distribution: Top 20 holders control 26.29% of supply
• Liquidity: 5.28% of supply in DEX liquidity pools

Understanding SPL Tokens

SPL tokens represent Solana’s standard for fungible tokens. These tokens benefit from:

• Seamless integration with Solana dApps
• Lightning-fast transaction speeds
• Minimal transaction costs
• High scalability

Why Solana for Token Development?

Solana’s blockchain offers several advantages that make it attractive for token projects:

1. Transaction Speed: Processes thousands of transactions per second
2. Cost Efficiency: Transaction fees typically under $0.01
3. Scalability: Proof of History (PoH) mechanism enables efficient processing
4. Developer Tools: Rich ecosystem of development resources

Technical Implementation

Creating an SPL token like BUILT involves several key steps:

1. Setting up the Solana development environment
2. Defining token specifications
3. Writing and deploying smart contracts
4. Integrating with the Solana ecosystem

Security Considerations

According to Certik’s analysis:

• Centralization risk is rated “2”
• No detected security vulnerabilities
• Token metadata is permanently locked
• Liquidity control is well-distributed

Conclusion

The BUILT token demonstrates the capabilities of Solana’s blockchain infrastructure while maintaining security and decentralization principles. Its market activity and technical implementation make it an interesting case study in SPL token development.

For developers interested in creating similar tokens, Solana’s robust infrastructure and growing ecosystem provide an excellent foundation for token projects.