Is Token-2022 better than SPL?

Not in general. It adds optional extensions such as transfer fees and stores metadata in the mint. Without extensions it behaves like SPL and is a little cheaper to create.

Can I convert an SPL token to Token-2022 later?

No. The program is fixed when the token is created. Moving to Token-2022 means creating a new token and migrating holders.

Do Phantom and other wallets support Token-2022?

Yes. Phantom, Solflare and Backpack show Token-2022 tokens, including transfer-fee tokens.

Can I add a Raydium pool for a Token-2022 token?

On CPMM and CLMM, yes for supported extensions. The older AMM v4 takes SPL only, and unsupported extensions fail with NotSupportMint.

Why is an SPL token more expensive to create?

Its name and logo need a separate Metaplex metadata account, which costs about 0.0037 SOL of rent plus a 0.01 SOL Metaplex fee. Token-2022 keeps that metadata in the mint.

Which extensions scare buyers?

Permanent delegate, transfer hook, default frozen state and high transfer fees. Rug checkers flag all of them.

SPL token vs Token-2022: which to choose

Use a plain SPL token unless you need a feature only Token-2022 has, such as a transfer fee (tax) or interest that accrues. Both are real Solana tokens that wallets show and DEXs can trade, but Token-2022 extensions change how a token behaves, and not every pool, app or bot handles every extension. Token-2022 is slightly cheaper to create, because its name and logo live inside the mint instead of a separate Metaplex account.

The two standards in one table

	SPL token (Token program)	Token-2022 (Token Extensions program)
Program	`Tokenkeg...`	`TokenzQd...`
Extensions	None	Transfer fee, interest-bearing, metadata in the mint, default frozen, non-transferable, permanent delegate, transfer hook and more
Name and logo stored in	A separate Metaplex metadata account	The mint itself (metadata extension)
Wallet support	Every Solana wallet	Phantom, Solflare, Backpack and other major wallets
DEX support	Every Solana DEX	Most newer pools, with limits per extension
Rug checkers	Read mint and freeze authority	Also flag risky extensions
Typical use	Meme coins, community and utility tokens	Tax tokens, yield-style tokens, regulated or restricted tokens

Both standards share the same basics: a mint account, token accounts for each holder, decimals, supply, and mint and freeze authority. See what an SPL token is.

What Token-2022 adds

Extension	What it does	Watch out for
Transfer fee	Withholds a percent of every transfer, collected later by the withdraw authority	Buyers see it as a tax; some pools reject it; see how to create a tax token
Interest-bearing	Wallets display a balance that grows at a set rate	Display only, no new tokens are minted
Metadata and metadata pointer	Stores name, symbol and logo link in the mint	None, this is why creation is cheaper
Default account state	New token accounts start frozen	Holders cannot move tokens until thawed
Non-transferable	Tokens cannot be sent after minting	Cannot be traded
Permanent delegate	One address can move or burn anyone's tokens	A serious red flag to buyers, see Token-2022 scam traps
Transfer hook	Runs a custom program on every transfer	Can block sells; many venues refuse it

Which extensions you can pick depends on the token creator. Some offer only the transfer fee, others list a dozen; compare them in the best Token-2022 tools.

What each costs to create

We simulated the creation transactions on Solana mainnet on 3 November 2026: create the token, write its metadata, open your token account and mint the supply, at the current rent rate.

	SPL	Token-2022	Token-2022 with transfer fee
Mint account rent	0.0011 SOL	0.0028 SOL (metadata inside)	0.0033 SOL
Metadata account rent	0.0037 SOL	None	None
Metaplex metadata fee	0.0100 SOL	None	None
Your token account rent	0.0015 SOL	0.0015 SOL	0.0016 SOL
Network fee (with a priority fee)	0.0002 SOL	0.0002 SOL	0.0002 SOL
Solana costs in total	0.0165 SOL	0.0045 SOL	0.0051 SOL

A token creator's own fee comes on top, from nothing on the CLI to 0.5 SOL at some tools, see the cheapest way to create a token. The Token-2022 mint rent grows a little with a longer name, ticker or logo link.

Where the difference shows up

Pools. Raydium's older AMM v4 takes SPL tokens only. Raydium CPMM and CLMM, Meteora, Orca and PumpSwap accept Token-2022, but a pool fails with NotSupportMint when the token uses an extension the program does not allow, see the Raydium Token-2022 error.
Rug checkers and buyers. A transfer fee, permanent delegate, default frozen state or transfer hook is flagged, so expect more questions from buyers.
Bots and aggregators. Trading tools have to account for the transfer fee in quotes. A token with an unusual extension may not be routed at all.
Fixes later. Extensions are chosen at creation and cannot be added afterwards. A transfer fee rate can be changed later only by its config authority.

How to choose

If you want	Pick
A meme coin or community token that trades everywhere	SPL
A tax on every transfer that you collect	Token-2022 with transfer fee
A balance that visibly grows	Token-2022 interest-bearing
The cheapest possible creation	Token-2022 without extensions
The widest support with no surprises	SPL

Token-2022 without extensions is the one case where the newer standard has no downside for most uses: same behaviour as SPL, cheaper to create, and supported by every major wallet and newer pool.

How we checked

Costs come from simulating the SPL Token, Token-2022 and Metaplex Token Metadata instructions on Solana mainnet on 3 November 2026 at 5,080 lamports of rent per byte, using a 13-character name, a 4-character ticker and an 83-character metadata link. Extension behaviour follows the Token-2022 program's extension set; pool behaviour comes from Raydium's program error definitions, read on 24 October 2026.