Tokens and collectibles
L2P is the chain's own coin. It pays the fees and it is what validators stake. Everything else that moves on the chain is a token: something somebody created, living in a contract, riding on the same rails.
Creating a token takes very little effort and no permission. That is worth remembering before you read anything else on this page: a token existing means nothing about whether it is worth anything.
The token list
Tokens in the menu lists every token the explorer has seen moving, with how many holders it has and how many transfers have taken place.
A token's page
| Field | What it means |
|---|---|
| Name and symbol | What the creator called it. Neither is unique, and neither is checked by anyone |
| Contract | The address the token lives at. This is its real identity |
| Total supply | How many exist |
| Decimals | How finely it can be divided. A display detail |
| Holders | How many addresses hold at least some |
| Transfers | How many times it has moved |
Add to wallet hands the token's details to your wallet so it shows up there by name instead of not at all. It does not buy anything, does not cost anything and does not give the token any access to your wallet.
Holders ranks the addresses that hold it. Transfers lists every movement.
If a token was created without a proper name, the explorer shows it as an unknown token. Treat that as a reason for caution.
Collectibles
An NFT collection is a token where each item is individual rather than interchangeable. Collections have an extra Items tab, and each item has a page of its own showing its picture, its owner, its attributes and everywhere it has been.
The picture is stored outside the chain, so an item can show a broken image if whoever published it stopped hosting the file. What the chain records is the ownership, not the artwork.
Reading a token honestly
The three questions that tell you the most, all answerable from the token's page in under a minute.
How many holders? A token with a handful of holders is not a market, whatever its price is claimed to be.
How are the holdings spread? Open the Holders tab. If one or two addresses hold nearly everything, they can move the price at will, and you would be trading against them.
Does it actually move? A token with a big supply and almost no transfers is not being used by anyone.
The name is not the identity
Anyone can create a token, call it whatever they like and give it any logo. There can be a hundred tokens with the same name as a well-known one, and the explorer will list them all, because the chain has no opinion about names.
The contract address is the only thing that identifies a token. When someone tells you which token they mean, they should tell you its contract address, and you should check that it is the one you opened.
Tokens that appear out of nowhere
Sometimes a token you never bought turns up in your wallet or on your address page. Anyone can send anything to any address, so this happens, and by itself it is harmless.
It is very often bait. The token has a name suggesting it is worth something and a website that asks you to connect your wallet to claim it, and that site is what empties your wallet. Leave it alone. Do not visit the site, do not try to sell it, do not interact with it at all. Reading about it here on the explorer is safe; acting on it is not.