BTC$85,951+1.62%
ETH$2,741+0.41%
USDT$0.9997-0.01%
BNB$787.26+0.46%
XRP$1.54+4.08%
USDC$1.00+0.01%
SOL$117.30+1.02%
TRX$0.3486+1.27%TRX$0.3488+1.28%
ZEC$1,505-0.31%
FIGR_HELOC$1.01—
STETH$2,739+0.15%
HYPE$94.89-0.90%
XMR$568.50-2.65%
WBT$86.54+0.56%
WBTC$85,885+1.53%
LINK$12.96-0.27%
WSTETH$3,405+1.29%
RAIN$0.0136-3.60%
WBETH$3,030+0.32%
USDS$1.00+0.01%
WETH$2,746+2.00%
ADA$0.2487+3.62%
LEO$8.99+0.25%From your first block to the finer details. Explore the ideas, people, and systems behind the market—one useful explanation at a time.
Follow a transaction from a key to a shared ledger.
Begin with BlockchainExplore contracts, liquidity, borrowing and the risks between them.
Begin with Smart contractUnderstand what a price, valuation or sentiment indicator can tell you.
Begin with Market capitalizationLearn custody, permissions and how to assess what you sign.
Begin with Hardware walletConnect the original ideas to the incidents that changed the industry.
Begin with A Cypherpunk's ManifestoSeparate technical standards, issuer claims and legal frameworks.
Begin with Howey testOrder flow that systematically loses money for liquidity providers, often informed or latency-advantaged.
The recordkeeper of who legally owns fund or security shares when those shares are also represented on-chain.
A structure where a custodian holds assets for both a client and a lender or venue under a control agreement.
Trump-Affiliated is a market sector used to group crypto assets with similar use or design.
Time-weighted average price. An execution style that slices an order across time to reduce impact.
The narrative that ETH becomes deflationary when burn exceeds issuance after EIP-1559 and staking.
Open interest quoted in dollars rather than contracts, so size is comparable across coins.
USD Stablecoin is a market sector used to group crypto assets with similar use or design.
A token with large investor allocations and unlock cliffs that can overhang price.
A lockup calendar that releases tokens over time so insiders cannot dump the float on day one.
How much price swings. Crypto volatility is typically far higher than large-cap equities.
The notional amount traded over a period. High volume supports a move. Thin volume can fake one.
Volume-weighted average price. A benchmark and an execution style that follows traded volume.
Wallets is a market sector used to group crypto assets with similar use or design.
Trading with yourself or affiliates to fake volume and rank.
A holder or trader large enough to move a market by acting.
World Liberty Financial Portfolio is a market sector used to group crypto assets with similar use or design.
Yield Farming is a market sector used to group crypto assets with similar use or design.
Yield-Bearing Stablecoin is a market sector used to group crypto assets with similar use or design.
A dollar token that passes through Treasury or lending yield, blurring cash and fund product lines.
Yield-Bearing Tokens is a market sector used to group crypto assets with similar use or design.
YZi Labs (Prev. Binance Labs) Portfolio is a market sector used to group crypto assets with similar use or design.
Definitions offer a starting point. Detailed readings include the sources behind the explanation.