TechFlow reports that sol_idity, an engineer at payment infrastructure Sphere, has announced the launch of a new token standard called Tiny SPL. Tiny SPL leverages state compression to enable ownership of Solana tokens without incurring rent fees.
Traditionally, token storage consumes space and incurs a monthly rent of 0.002 SOL on Solana. Tiny SPL solves this issue through state compression, allowing users to hold tokens rent-free. Unlike standard tokens, Tiny SPL features independent balances, which users can manage—including splitting and merging—via https://tinys.pl.
Solana co-founder toly commented that wallets should display these balances and be capable of aggregating multiple source accounts like UTXOs.
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