Turning the page.
Bringing the next chapter into view…
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 testThe share of a token's supply associated with a small number of addresses or inferred owners, measured under an explicit method.
holoride (RIDE) is a crypto asset primarily associated with elrond.
homeboy (HOMEBOY) is a crypto asset primarily associated with solana.
Homora V2 is a Leveraged Farming protocol active on Ethereum, Binance, Avalanche. Homora is the first flagship product incubated under Alpha Venture DAO (previously Alpha Finance Lab) deployed on the Ethereum network in…
A token contract that lets you buy but not sell, or that traps approvals.
Tools that simulate sells. Useful signals, easy to fool, never a sole reason to ape.
An early rollup-to-rollup bridge that uses h-tokens and AMMs.
Unfounded optimism about a bag recovering.
What is the project about? Horizen is a modular privacy-first platform designed to make privacy technology, such as zero-knowledge proofs and TEEs accessible and usable across the web.
A wallet whose keys sit on an internet-connected device. Convenient for spending, weaker against remote theft.
Maximum value kept online for operations. Excess should be cold or MPC.
Exchange or custodian loss when hot keys are compromised. Cold storage and MPC reduce but do not erase this risk.
Hotcoin is a centralized exchange listed with country Seychelles.
If you raise money on a promise of profits from a team's work, expect securities analysis.
The U.S. Supreme Court test for an investment contract: money, a common enterprise, and an expectation of profit from the efforts of others.
Hash Timelock Contract. The primitive behind Lightning and many atomic swaps.
HTX is a CEX protocol active on Tron, Bitcoin, Ethereum. Huobi Global is a world-leading cryptocurrency trading exchange.
HTX is the governance token of HTX DAO, a decentralized autonomous organization relying on the collective autonomy of HTX token holders.
Huma Finance is the first PayFi network, powering the financing of global payments with instant access to liquidity - anywhere, anytime.
Huma Finance V2 is a RWA protocol active on Ethereum, Solana, Stellar. Permissionless DeFi yield, powered by real-world payment flows.
Humanity Protocol is a blockchain featuring a native Proof of Humanity (PoH) consensus mechanism that verifies users' uniqueness as humans through decentralized identifiers (DID) and verifiable credentials (VC)…
Combining work and stake, or BFT plus a longest-chain fallback, to pick different tradeoffs.
Hybridge Bridged LINK (LINK0) is a crypto asset primarily associated with hyperevm.
Hyperithm is a premier digital asset manager based in Tokyo and Seoul, active in quant trading and venture investments.
An umbrella of open-source enterprise DLT projects hosted by the Linux Foundation.
A Linux Foundation permissioned ledger stack widely used in enterprise proofs of concept.
HyperLend Pooled is a Lending protocol active on Hyperliquid L1. HyperLend is a high-performance lending protocol on Hyperliquid EVM, built for capital efficiency.
A high-performance perpetual DEX with its own L1 and a large on-chain order book.
Hyperliquid Bridge is a Bridge protocol active on Hyperliquid L1, Arbitrum. Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading.
Hyperliquid HLP is a Derivatives protocol active on Hyperliquid L1. Hyperliquidity Provider (HLP) is a protocol vault that provides liquidity to Hyperliquid through multiple market making strategies…
Hyperliquid Spot Orderbook is a Dexs protocol active on Hyperliquid L1. Hyperliquid is a Layer 1 blockchain best known for perpetual futures and spot trading.
iAgent Protocol ($AGNT) is a crypto asset primarily associated with base.
Inter-Blockchain Communication, the Cosmos standard for authenticated packet passing between chains.
Ice Open Network (ION) is a crypto asset primarily associated with binance-smart-chain.
The 2017 wave of token sales that raised billions and invited heavy securities enforcement.
Coins that have not moved in a long time, used in on-chain analytics as HODL proxies.
The International Monetary Fund. It advises members on monetary policy and has published extensively on crypto and CBDCs.
A leading Web3 bug-bounty platform connecting white-hats to protocols.
The practical difficulty of changing confirmed history once enough honest work or stake sits on top of it.
Immutable is the leading platform for building web3 games on Ethereum.
Code that cannot be changed after deploy. Safer against admin rugs, harder to patch bugs.
The value shortfall of a liquidity position relative to holding its original assets when relative prices change; the shortfall can exist before withdrawal and may persist.
LP returns depend on fees versus divergence loss. Volatile pairs can underperform simply holding.
Fake handles that clone influencers or founders to push drainers or fake mints.
The annualized rate you earn or pay from a perp's funding, used to compare carry across venues.
The volatility priced into options. It is a market forecast, not a historical statistic.
Redeeming ETF shares for the actual asset (BTC, ETH) rather than cash. U.S. crypto ETFs have mixed permissions here.
An Ethereum proof-of-stake recovery mechanism that increases penalties for inactive validators when the chain fails to finalize for an extended period.
Speculation around U.S. political calendars (elections, inaugurations) that spilled into memecoins and prediction markets in 2024 to 2025.
Inception Restaked EIGEN (INEIGEN) is a crypto asset primarily associated with ethereum.
Pause guardians, war rooms, and user alerts planned before a hack, not during one.
Independent Reserve is a centralized exchange listed with country Australia.
Index Coop Defi Index is a market sector used to group crypto assets with similar use or design.
A composite of spot venues used as the reference for derivatives.
A service that reads chain logs and stores them in a queryable database so apps do not scan every block.
High transaction taxes and rules that chilled local volume and became a case study in policy chilling effects.
Indodax is a centralized cryptocurrency exchange established in 2014 and is registered in Indonesia
Infinity Rocket (IRT) is a crypto asset primarily associated with binance-smart-chain.
The pace at which new supply is issued, often quoted as an annual percentage of circulating supply.
Infrastructure is a market sector used to group crypto assets with similar use or design.
A major hosted Ethereum API provider owned by Consensys. Convenient and a centralization pressure point.
Access limitless DeFi markets with zero barriers.
Ink Finance (QUILL) is a crypto asset primarily associated with avalanche.
Wallets or chats believed to get calls before the public timeline.
Arbitrary data written into Bitcoin witness space and bound to a satoshi by Ordinals theory.
Fee spikes and cultural fights when Bitcoin users inscribed JPEGs and BRC-20s en masse.
Someone trading with non-public knowledge of a listing, unlock, or partnership.
A DeFi account and strategy layer, later the home of Fluid.
A venue pool that backstops bankrupt liquidations before ADL is used.
A signed goal (swap X for at least Y) that a solver fills, instead of the user picking every pool hop.
Signing what you want, not the path, and letting solvers compete to fill it.
The curve a lending market uses to set borrow and supply APYs from utilization.
Dfinity's chain that aims to host full web services on-chain rather than just settlement.
The ability of chains and apps to pass assets and messages without a trusted spreadsheet in the middle.
The price or fact that proves your thesis wrong and forces an exit.
The directional risk a market maker takes while holding coins between hedges.
When a market maker shades quotes because they already hold too much of one side.
A derivative commonly quoted in fiat units whose margin and profit or loss are calculated in the underlying cryptocurrency using inverse-price arithmetic.
Invesco USTB is a RWA protocol active on Ethereum, Solana, Plume Mainnet. The Invesco Short Duration US Government Securities Fund (the Fund) offers Accredited Investors and Qualified Purchasers access to…
A U.S. law regulating investment companies, including many mutual funds and ETFs; U.S. spot Bitcoin and ether commodity-trust ETPs do not register under this Act.
A clear statement of why an asset should reprice, what would prove it wrong, and the time horizon.
ioBUSD (IOBUSD) is a crypto asset primarily associated with iotex.
Indication of interest. A non-binding hint of size used to find the other side without showing a firm order.
Ion (ION) is a crypto asset primarily associated with osmosis.
IOTA is an open-source blockchain that serves as public digital infrastructure to connect global economies onchain.
iota (SN9) is a crypto asset primarily associated with bittensor.
IoTeX is the blockchain platform for Real-World AI.
IRL ANI (URI) is a crypto asset primarily associated with solana.
The International Swaps and Derivatives Association, which writes the legal contracts behind most OTC derivatives.
BlackRock's ETF brand, including IBIT and other crypto-linked funds.
Definitions offer a starting point. Detailed readings include the sources behind the explanation.