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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 testOpenTrade is a RWA protocol active on Avalanche, Plume Mainnet, Ethereum. Fintechs around the world use OpenTrade to power safe, compliant stablecoin yield products.
An Ethereum scaling ecosystem that develops the OP Stack; OP Mainnet is a particular network built with that stack, and other deployments have their own network configuration.
Optimism Bridge is a Canonical Bridge protocol active on Ethereum, Base, PGN. Bridge between Optimism and Ethereum
Orca DEX is a Dexs protocol active on Solana, Eclipse. AMM
OSL Exchange is a CEX protocol active on Bitcoin, Ethereum, Tron. OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset exchange.
Ourbit is a CEX protocol active on Bitcoin, Solana, Binance. The true degen exchange. The ONLY exchange with culture
The dominant AMM on BNB Chain, with farms, lotteries, and perpetual add-ons.
PancakeSwap AMM is a Dexs protocol active on Binance, Ethereum, Aptos. The #1 AMM and yield farm on Binance Smart Chain
PancakeSwap AMM V3 is a Dexs protocol active on Binance, Ethereum, Base. PancakeSwap V3: A More Efficient and User-Friendly DEX on BNB Chain
A protocol for trading future yield separately from principal by wrapping yield-bearing positions into standardized yield tokens and splitting their economic rights into dated principal and yield tokens.
Pendle V2 is a Yield protocol active on Ethereum, Monad, Arbitrum. Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.
Phantom SOL is a Liquid Staking protocol active on Solana. With Phantom, you can easily stake your SOL natively or opt for liquid staking—whatever suits your strategy.
Phase Delegation is a Liquid Staking protocol active on Solana. pdSOL is a multi-validator liquid staking pool on Solana
Pionex is the best crypto trading bot currently available, 24/7 trading automatically in the cloud.
Plume Vaults is Plume's flagship real-world asset protocol, built to enable onchain access to real world yield through structured vaults
Poloniex is a centralized cryptocurrency exchange platform where users can deposit, trade, and withdraw a wide range of digital assets…
Polygon Bridge is a Chain protocol active on Ethereum. Ethereum sidechain
The leading crypto prediction market, built on Polygon and later expanded.
Polymarket International is a Prediction Market protocol active on Polygon. Polymarket is an information markets platform that lets you trade on the world’s most highly-debated topics (e.g.
Portal is a Bridge protocol active on Ethereum, Algorand, Binance. A token bridge built on Wormhole.
A liquid restaking protocol with anti-slashing design for home operators.
PumpSwap is a Dexs protocol active on Solana. The native dex for pump.fun
A high-frequency oracle network that publishes publisher-signed prices, strong on Solana and perps.
R25 builds RWA vault infrastructure that enables automated and curated on-chain yield strategies
A major Solana AMM that sits next to OpenBook-style order flow.
Raydium AMM is a Dexs protocol active on Solana. An on-chain order book AMM powering the evolution of DeFi.
RealT Tokens is a RWA protocol active on xDai. RealToken provides investors with a simple, intelligent, and user-friendly method to buy into fractional, tokenized properties, leveraging…
A modular oracle that delivers data on demand rather than constantly writing on-chain.
A liquid restaking protocol that issues ezETH as a receipt for EigenLayer deposits.
Rhea Lending is a decentralized, non-custodial, pool-based interest rates platform that enables users to supply assets to earn interest…
River Omni-CDP is a CeDeFi protocol active on Binance, Base, BSquared. River is building the circulatory system for crypto, connecting assets, liquidity, and yield across chains.
Robinhood Chain Bridge is a Canonical Bridge protocol active on Ethereum. The canonical bridge for Robinhood Chain.
RockawayX is a Risk Curators protocol active on Solana, Ethereum, Sei. On-chain asset manager. Risk curator on Morpho and other DeFi lending protocols.
A permissionless Ethereum staking protocol where independent operators run minipools.
RocketSwap Anubis is a Dexs protocol active on Anubis. RocketSwap is a Uniswap V2 fork DEX deployed on Anubis.
RSK bridge with Ethereum. You can convert your tokens from RSK to Ethereum and viceversa.
The standard multi-sig smart-account used by DAOs and teams on EVM chains.
Sanctum Infinity is a Dexs protocol active on Solana. Infinity is a multi-LST liquidity pool.
Sanctum Validator LSTs is a Liquid Staking protocol active on Solana. A Sanctum validator LST is a type of LST for which stake pools were deployed with the SanctumSPL Program.
Saturn is a dual-token Bitcoin-backed credit protocol where USDat is a stablecoin backed by tokenized treasuries and sUSDat is a…
An Ethereum rollup that executes EVM-compatible transactions on Layer 2 and uses validity proofs, published data, and Ethereum contracts to settle its state.
OpenSea's open marketplace protocol for NFT orders.
Sentora Curator is a Risk Curators protocol active on Ethereum, Ink, Solana. Sentora provides the institutional-grade foundation for powering the next generation of DeFi solutions.
The stablecoin and governance ecosystem developed from MakerDAO, including USDS, its sUSDS savings-vault representation, and the SKY governance token.
Sky Lending is a CDP protocol active on Ethereum. The USDS stablecoin powers the open Sky ecosystem.
Sky Money is a Morpho vault curator that manages lending vault allocations, with TVL tracking assets deposited into vaults curated by Sky.
Solv Basis Trading offers products that use advanced strategies, like basis trades and hedging, to deliver consistent, low-risk returns.
SolvBTC is a universal Bitcoin reserve token that connects Bitcoin’s value across blockchains, backed 1:1 by a transparent, secure reserve.
SoSoValue Indexes is a Indexes protocol active on Bitcoin, Ethereum, Hyperliquid L1. The SoSoValue Indexes(SSI) Protocol is a cutting-edge spot index solution designed to make crypto investments simple and secured
A Maker/Sky-linked liquidity layer for sDAI and related credit products.
Spark Liquidity Layer is a Onchain Capital Allocator protocol active on Ethereum, Base, Arbitrum. The Spark Liquidity Layer (SLL) automates liquidity provision of USDS, sUSDS, and USDC directly from Sky across various blockchain…
Spark Savings is a Yield protocol active on Ethereum, Arbitrum, Robinhood Chain. Allows users to deposit stablecoins into USDS Savings to tap into the Sky Savings Rate, which grants users a predictable APY in USDS.
The Sky/Maker-linked lending market for stables and liquid staking tokens.
SparkLend is a stablecoin lending market.
Distributed validator technology that splits an Ethereum validator key across operators.
Stacks sBTC is a Bridge protocol active on Bitcoin. sBTC is a SIP-010 token on the Stacks blockchain that represents Bitcoin (BTC) in a 1:1 ratio.
Stake DAO Yield is a Yield protocol active on Ethereum, Base, Fraxtal. Stake DAO is a non-custodial decentralized protocol enabling users to access optimized yield opportunities in DeFi
StakeWise V3 is a Liquid Staking protocol active on Ethereum, xDai. Stake your ETH and manage your capital flexibly with the principal and yield tokens from StakeWise.
A LayerZero-powered liquidity bridge for native assets across many EVM chains.
Stargate V2 offers reduced bridging costs, expands chain connectivity, and improves capital efficiency using transaction batching, Hydra…
An Ethereum validity rollup with Cairo-based execution and native smart-contract accounts; proofs establish valid state transitions while transaction receipts separately report execution and settlement status.
Starknet Bridge is a Canonical Bridge protocol active on Ethereum. Transfer assets between StarkNet and Ethereum
Steakhouse Financial is a Risk Curators protocol active on Base, Ethereum, Robinhood Chain. We build transparent, efficient, and accessible financial primitives to power the next generation of capital markets on public blockchains
stHYPE is a Liquid Staking protocol active on Hyperliquid L1. The Hyperliquid liquid staking platform.
SUNSwap V2 is a TRON-based decentralized trading protocol for automated liquidity provision and an open financial market accessible to all.
SUNSwap V3 is a TRON-based decentralized trading protocol for automated liquidity provision and an open financial market accessible to all.
A tokenized-fund issuer focused on registered U.S. Treasuries and crypto-native rails.
A community fork of Uniswap that added a token, a chef for emissions, and later a broader DeFi suite.
A customizable oracle network used widely on Solana and other SVM/Move chains.
Symbiotic powers collateral markets, where capital is committed to financial obligations and enforced by code.
A cross-chain messaging and stable-swap bridge.
A derivatives protocol for synthetic assets, later focused on perps infrastructure.
Telos Consilium (Telosc) is a Web3 advisory and treasury firm offering risk-curated vault allocations, tokenized equity, and capital…
A decentralized indexing protocol. Subgraphs turn contract events into queryable APIs.
The Vault Liquid Staking is a Liquid Staking protocol active on Solana. vSOL is a stake pool that supports community-focused validators.
Theo Network thUSD is a RWA protocol active on Ethereum. thUSD is a yield-bearing stablecoin backed by thBILL (tokenized U.S.
A cross-chain liquidity protocol that swaps native assets without wrapped IOUs.
Tonstakers LSD is a Liquid Staking protocol active on TON. The Open Network Liquid Staking protocol empowering TON DeFi ecosystem
Tydro is a non-custodial lending protocol for onchain capital markets.
An optimistic oracle used to resolve prediction markets and custom derivatives.
UNCX Network V2 is a Token Locker protocol active on Ethereum, Binance, Base. UNCX Network is a one-stop shop with providing its customers with everything they need to launch and maintain a sustainable and secure…
The leading Ethereum AMM. v2 popularized constant-product pools. v3 added concentrated liquidity. v4 adds hooks.
Uniswap V2 is a Dexs protocol active on Ethereum, Base, Polygon. A fully decentralized protocol for automated liquidity provision on Ethereum.
Uniswap V3 is a Dexs protocol active on Ethereum, Base, Arbitrum. A fully decentralized protocol for automated liquidity provision on Ethereum.
A version of the Uniswap automated market maker architecture built around a shared pool manager and optional hooks that customize pool behavior.
Upshift opens access to transparent yields backed by secure risk controls.
USD AI is a RWA protocol active on Arbitrum. USD.AI is a yield-bearing synthetic dollar protocol backed by real-world infrastructure assets
Definitions offer a starting point. Detailed readings include the sources behind the explanation.