Layer 1 (L1) is a market sector used to group crypto assets with similar use or design.

A network built on a Layer 1 that processes transactions off the base chain and posts proofs or data back to it.

Layer 2 (L2) is a market sector used to group crypto assets with similar use or design.

An interoperability protocol that uses oracles and relayers to pass messages between chains.

LayerZero V2 is a Bridge protocol active on Ethereum, Polygon, ApeChain. LayerZero is a technology that enables applications to move data across blockchains, uniquely supporting censorship-resistant messages and…

LBank is a centralized exchange listed with country British Virgin Islands.

A French hardware-wallet maker whose devices store keys in a secure element.

Even hardware users can be phished via companion apps and blind signing. Verify on device.

Ledger's companion app for managing accounts and apps on the hardware device.

The trust, fund, or company that actually owns the real-world asset behind a token.

Legal Entity Identifier. A global id for companies in financial messages, including many ISO 20022 payments.

A market where depositors earn interest and borrowers post collateral to take a loan.

Lending/Borrowing Protocols is a market sector used to group crypto assets with similar use or design.

A Solana memecoin launch culture and tooling cluster associated with Bonk-adjacent trench trading.

Controlling a larger position than the cash posted as margin. Gains and losses both scale.

Borrowed size amplifies gains and losses. Most new traders are liquidated by sizing, not by the idea.

LeveX is a centralized exchange listed with country Panama.

Facebook's 2019 proposed global stablecoin and payment network. Political backlash forced a redesign and eventual shutdown path.

A 2025 Solana memecoin promoted in connection with Argentina's president Javier Milei, then collapsing amid insider-profit and political backlash. Not Facebook's Libra.

A liquid-staking protocol whose Ethereum staking tokens, stETH and wstETH, represent claims linked to staked ether; LDO is a separate governance token.

The governance body coordinating Lido liquid staking across chains.

A client that verifies selected authenticated blockchain data with less local computation and storage than a full node; its proofs and trust assumptions depend on the protocol.

A compact proof that a transaction or state is in a header a light client already trusts.

Lighter Bridge is a Bridge protocol active on Ethereum, Arbitrum. Lighter is a decentralized trading platform that is designed to deliver unmatched security and scale.

Lighter Robinhood Perps is a Derivatives protocol active on Robinhood Chain. Lighter is a decentralized trading platform that is designed to deliver unmatched security and scale.

A BOLT-11 or BOLT-12 request that a Lightning payer uses to find a path and settle.

A leading Lightning Network engineering company building protocol and Lightning-native products.

Bitcoin's payment-channel network for cheap, fast transfers that settle back to L1 when channels close.

Instant Bitcoin transfers over payment channels with low fees when routes are available.

A Lightning routing technique that conceals information about a recipient's route segment using encrypted forwarding instructions and blinded node identifiers.

Channel backups, watchtowers, and inbound liquidity matter as much as on-chain self-custody habits.

A business that opens channels and provides liquidity to Lightning users.

An instruction to buy or sell only at a chosen price or better. It may rest unfilled.

A public Ethereum zkEVM rollup powered by the Lineth software stack, with execution on Layer 2 and validity proofs and settlement on Ethereum.

Linea Bridge is a Canonical Bridge protocol active on Ethereum. The main bridge, on a technical level, in Linea is the Canonical Message Bridge.

A derivative whose profit or loss changes proportionally with the underlying price change for a fixed position size, before fees and funding.

Tokens unlock smoothly over time rather than in one cliff.

A Linux Foundation umbrella organization for open-source distributed ledger, identity, and related trust technologies, incorporating the Hyperledger ecosystem.

Liquid Collective is a non-custodial staking protocol launched on Ethereum.

Blockstream's Bitcoin sidechain for faster issuance and confidential transactions.

Staking through a protocol that issues a receipt token (like stETH) so the position stays usable in DeFi.

Forced close of a leveraged position when margin falls below maintenance. The venue seizes collateral to pay the loss.

Additional collateral a liquidator may receive when repaying an unhealthy loan, intended to make liquidation economically worthwhile.

Hundreds of millions in forced closes within hours, a recurring headline in leverage-heavy markets.

The contracts and keepers that seize under-collateralized loans and sell collateral to keep a protocol solvent.

A map of estimated leverage liquidation levels, used to hunt squeezes.

The mark price at which a leveraged position is force-closed.

How easily size can be traded without moving the price much. Deep books and pools mean better liquidity.

Thick books and pools absorb size. Thin liquidity turns small sells into crashes.

The same asset split across chains and pools, worsening price and UX until aggregation improves.

A wick through obvious stops that fills liquidations or stop orders before reversing.

Paying extra protocol tokens to people who deposit into a pool, used to bootstrap depth.