Learn Crypto
Glossary
Essential crypto and macro terms explained in plain language. Tap any term to dive deeper.
Markets
Market Cap
Total value of all circulating coins, calculated as price times supply.
24h Volume
Total trading volume across exchanges in the last 24 hours.
All-Time High (ATH)
The highest price ever recorded for a cryptocurrency.
All-Time Low (ATL)
The lowest price ever recorded for a cryptocurrency.
Supply
The number of coins currently in circulation, or the maximum that will ever exist.
Dominance
A coin's share of the total crypto market capitalization.
Liquidity
How easily an asset can be bought or sold without large price impact.
Derivatives
Futures
Contracts to buy or sell an asset at a predetermined price on a future date.
Open Interest
Total number of outstanding derivative contracts not yet settled.
Funding Rate
Periodic fee exchanged between long and short perpetual swap traders.
Long/Short Ratio
Proportion of traders holding long vs. short positions.
Leverage
Borrowing funds to amplify potential returns on a trade.
Perpetual Swap
A futures contract with no expiry date, kept near spot via funding rates.
Basis
The price difference between a futures contract and the spot price.
Liquidation
Forced closure of a leveraged position when margin falls below threshold.
DeFi
Total Value Locked (TVL)
Aggregate value of assets deposited in DeFi protocols.
DEX
Decentralized exchange allowing peer-to-peer crypto trading without intermediaries.
AMM
Automated market maker that uses liquidity pools instead of order books.
Yield Farming
Earning rewards by providing liquidity or staking tokens in DeFi protocols.
Liquidity Pool
A smart-contract pool of tokens used to facilitate decentralized trading.
Impermanent Loss
Temporary loss from providing liquidity when token prices diverge.
Lending Protocol
DeFi platform that enables borrowing and lending of crypto assets.
Governance Token
A token granting holders voting rights over protocol decisions.
Development
GitHub Activity
Measure of a project's code development pace on GitHub.
Commits
Individual code changes saved to a repository's version history.
Contributors
Developers who have submitted code to a project's repository.
Hard Fork
A non-backward-compatible protocol upgrade creating a new chain.
Soft Fork
A backward-compatible protocol upgrade that tightens existing rules.
Halving
Scheduled reduction of block rewards by 50%, reducing new coin issuance.
Sentiment
Macro
CPI
Consumer Price Index measuring the average change in consumer prices.
Fed Funds Rate
The interest rate at which US banks lend reserves overnight.
M2 Money Supply
Broad measure of money including cash, checking deposits, and near-money.
DXY (Dollar Index)
Index measuring the US dollar's value against a basket of major currencies.