Decentralized Exchange (DEX): Trading Without Middlemen DEXs are what happens when you remove the corporate overlords from crypto trading. No account required, no permission needed – just you, your wallet, and the market. A decentralized exchange (DEX) is a cryptocurrency trading platform that operates without a central authority controlling user funds. You trade directly from…
Total Value Locked (TVL): DeFi’s Scorecard TVL measures how much money is deposited in DeFi protocols. It’s like measuring the size of a bank by its total deposits – bigger usually means more trust and activity. Total Value Locked (TVL) is the aggregate value of all assets deposited in a DeFi protocol or across the…
Wrapped Token: Bringing Assets Cross-Chain Wrapped tokens let you use Bitcoin on Ethereum, Ethereum on Solana, and any asset on any blockchain. They’re the universal adapters of crypto. A wrapped token is a cryptocurrency that represents another asset on a different blockchain, maintaining a 1:1 peg through collateralization. The original asset gets locked in a…
Oracle: Connecting Blockchains to Reality Oracles are the bridges between blockchain smart contracts and real-world data. Without them, DeFi would be a closed system talking only to itself. An oracle is a service that provides external data to blockchain networks, enabling smart contracts to access real-world information like prices, weather, sports scores, or any off-chain…
NFT (Non-Fungible Token): Digital Ownership Certificates NFTs transformed JPEGs into million-dollar assets and made digital ownership mainstream. Love them or hate them, they’re reshaping how we think about digital property. A Non-Fungible Token (NFT) is a unique digital certificate stored on a blockchain that proves ownership of a specific digital asset. Unlike cryptocurrencies where each…
Minting: Creating New Tokens or NFTs Minting is the moment digital assets come into existence. Whether it’s new cryptocurrency tokens or unique NFTs, minting transforms code into valuable digital property. Minting is the process of creating new tokens or NFTs by executing a smart contract function that adds them to a blockchain. It’s like printing…
Floor Price: The Cheapest Entry Point Floor price is the lowest price you can buy into an NFT collection. It’s the most watched metric in NFT trading and often determines a project’s perceived value. Floor price is the lowest listed price for any NFT in a collection on marketplaces. It represents the minimum cost to…
Gas Fees: The Cost of Using Ethereum Gas fees are the tolls you pay to use Ethereum. Sometimes they’re pennies, sometimes they’re hundreds of dollars. Welcome to decentralized computing. Gas fees are transaction costs paid to miners or validators for processing transactions on blockchain networks. Think of gas as the fuel needed to power your…
Metaverse: Digital Worlds Meet Real Money The metaverse promises persistent digital worlds where your avatar’s clothes cost more than your real ones. It’s part virtual reality, part speculation, part genuine innovation. The metaverse refers to interconnected virtual worlds where users can work, play, socialize, and own digital assets through avatars and blockchain-based economies. Think Ready…
Play-to-Earn (P2E): Gaming Meets Income Play-to-earn games let players earn cryptocurrency and NFTs through gameplay. It’s turned gaming from entertainment expense into potential income source for millions worldwide. Play-to-earn (P2E) is a gaming model where players earn cryptocurrency tokens, NFTs, or other digital assets with real-world value through gameplay activities. Players own in-game assets that…