NEW: Unlock the Future of Finance with CRYPTO ENDEVR - Explore, Invest, and Prosper in Crypto!
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
No Result
View All Result

State compression brings down cost of minting 1 million NFTs on Solana to ~$110

State compression brings down cost of minting 1 million NFTs on Solana to ~0
Share on FacebookShare on Twitter

State Compression: Revolutionizing the Solana Ecosystem

State Compression in Action

State compression is already being used by teams across the Solana ecosystem to power large, user-friendly experiences.

  • Dialect, a blockchain-based messaging service, uses state compression for compressed NFTs to cover the minting cost of NFT stickers to thousands of users. Learn more.
  • Crossmint, an NFT and API tooling company, is using state compression to create integrations that power deeper customer loyalty for companies around the world. Learn more.

And that’s just the beginning — projects like user-owned wireless network Helium and on-chain publisher Wordcel are using state compression to bring their scalable, user-first experiences to Solana.

Compressed NFTs: The First Use Case

Although state compression can be used to store any sort of data on-chain, the first use of this innovative technology is compressed NFTs. Compressed NFTs are just like regular NFTs, only drastically cheaper — minting 100 million compressed NFTs costs about ◎50 to store on-chain, compared to ◎1.2mm for their uncompressed counterpart.

In fact, because every incremental compressed NFT is solely a modification of an existing tree, the cost of an NFT on Solana is now as little as the cost of a single transaction (â—Ž0.000005)! Learn more about how compressed NFTs work here.

How State Compression Works

A true cross-ecosystem effort — built by developers at Solana Labs and Metaplex, powered by RPC providers and indexers Helius, Triton, and SimpleHash, and with support from Phantom, Solflare, the Solana Foundation, and more — state compression is a novel technology primitive that takes advantage of Merkle trees.

This compression-friendly data structure allows developers to store a small bit of data on-chain and updates directly in the Solana ledger, cutting the data storage cost down dramatically while still using the security and decentralization of Solana’s base layer.

State Compression’s Impact on the Solana Ecosystem

State compression makes elegant use of a well-known data structure and brings it to bear at the speed of Solana, once again proving Solana is the best place to build scalable, user-first web3 products.

We can’t wait to see what you make.

Conclusion

State compression is a game-changing technology that has the potential to revolutionize the way we store data on-chain. Its impact on the Solana ecosystem is already being felt, with projects like Dialect, Crossmint, Helium, and Wordcel leading the charge.

We’re excited to see where state compression will take us next and how it will continue to enable the creation of scalable, user-first experiences on Solana.

FAQs

What is state compression? State compression is a technology primitive that takes advantage of Merkle trees to store small bits of data on-chain and updates directly in the Solana ledger, cutting data storage costs down dramatically.
What is the first use case of state compression? Compressed NFTs are the first use case of state compression. They are similar to regular NFTs, but drastically cheaper to mint and store on-chain.
Who is building and supporting state compression? A true cross-ecosystem effort, with developers at Solana Labs and Metaplex building the technology, and support from Phantom, Solflare, the Solana Foundation, and more.
How does state compression work with Merkle trees? Merkle trees allow developers to store a small bit of data on-chain and update it directly in the Solana ledger, while still using the security and decentralization of Solana’s base layer.
cryptoendevr

cryptoendevr

Related Stories

Bitcoin, Dogecoin, Solana Gain; Ethereum Steady: Analyst Says BTC’s Breakout Past This Level Could Be A ‘Massive Trigger’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC) – Benzinga

Bitcoin, Dogecoin, Solana Gain; Ethereum Steady: Analyst Says BTC’s Breakout Past This Level Could Be A ‘Massive Trigger’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC) – Benzinga

September 8, 2025
0

Rewrite the Bitcoin, Dogecoin, Solana Gain; Ethereum Steady: Analyst Says BTC's Breakout Past This Level Could Be A 'Massive Trigger'...

Bitcoin, Ethereum, Dogecoin Gain; Solana Slides — Analytics Firm Notes Strong ETH Accumulation By ‘Millionaire’ and ‘Small Billionaire’ Investors – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC) – Benzinga

Bitcoin, Ethereum, Dogecoin Gain; Solana Slides — Analytics Firm Notes Strong ETH Accumulation By ‘Millionaire’ and ‘Small Billionaire’ Investors – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC) – Benzinga

September 4, 2025
0

Rewrite the Bitcoin, Ethereum, Dogecoin Gain; Solana Slides — Analytics Firm Notes Strong ETH Accumulation By 'Millionaire' and 'Small Billionaire'...

Increase Bandwidth, Reduce Latency: How Solana is Scaling to Enable Internet Capital Markets

Increase Bandwidth, Reduce Latency: How Solana is Scaling to Enable Internet Capital Markets

August 22, 2025
0

Rewrite the At this scale, even small efficiency gains compound into massive capacity increases. Enter P-Token, a ground-up rewrite of...

Case Study: A Deep Dive on xStocks, tokenized equities on Solana

Case Study: A Deep Dive on xStocks, tokenized equities on Solana

August 18, 2025
0

Rewrite the Launch and Early TractionBacked launched xStocks on June 30, 2025. The initial offerings included 55+ stocks and ETFs.Launch...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

New ‘sophisticated’ phishing exploit drains M in USDC from multi-sig wallet

New ‘sophisticated’ phishing exploit drains $3M in USDC from multi-sig wallet

September 12, 2025
Ethereum Meme Coin Little Pepe Crosses M, Announces 15 ETH Giveaway

Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway

September 12, 2025
DeFi Protocol Ondo Finance’s Token Soars Amid Tokenization Hype

DeFi Protocol Ondo Finance’s Token Soars Amid Tokenization Hype

September 12, 2025
Ethereum To ,800 By Year End? CME Futures Data Shows Record Institutional Demand

Ethereum To $6,800 By Year End? CME Futures Data Shows Record Institutional Demand

September 12, 2025
Aave reduces Scroll exposure amid turmoil in governance model

Aave reduces Scroll exposure amid turmoil in governance model

September 12, 2025

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

CRYPTO ENDEVR

About Us

Crypto Endevr aims to simplify the vast world of cryptocurrencies and blockchain technology for our readers by curating the most relevant and insightful articles from around the web. Whether you’re a seasoned investor or new to the crypto scene, our mission is to deliver a streamlined feed of news and analysis that keeps you informed and ahead of the curve.

Links

Home
Privacy Policy
Terms and Services

Resources

Glossary

Other

About Us
Contact Us

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

© Copyright 2024. All Right Reserved By Crypto Endevr.

No Result
View All Result
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms

Copyright © 2024. All Right Reserved By Crypto Endevr