📖 Crypto glossary — essential terms

Public ledger of transactions. On Solana, transactions are recorded on-chain and can be consulted through tools like Solscan.

The native currency of Solana. Used to pay network fees, swap, create pools and interact with dApps.

Token standard on Solana. The format used by wallets, DEXs and applications to recognize and manage tokens.

Application that manages keys, assets and transactions. Phantom and Solflare are two popular examples on Solana.

Secret phrase that controls the wallet. Never share it.

Unique address of the token. It is the real on-chain identity of the token.

Total quantity of tokens created. Does not indicate the value of the project on its own.

Indicate how many parts a token can be divided into. On Solana 9 decimals is standard.

Visible token information: name, symbol, logo, description, links.

Decentralized exchange. Allows swapping tokens without a centralized exchange.

Reserve of two assets used to enable swaps. Example: TOKEN/SOL.

Token representing your share in a liquidity pool.

Difference between expected price and final swap price. Increases when liquidity is low or the order is large.

Token price multiplied by the considered supply. A useful metric, but must be read together with liquidity and volume.

Value traded in a certain period. Real volume indicates market activity.

Permission to create new tokens. If active, supply can be increased.

Permission to freeze tokens in specific wallets. For memecoins often a sensitive signal.

Permission to modify metadata. Can be useful, but after launch can create doubts.

When those controlling the project remove liquidity or sell in a destructive way.

Service that does not control user funds. The user signs transactions from their own wallet.

Fear Of Missing Out. Often leads to buying without analysis.

Fear, Uncertainty and Doubt. Can arise from real problems or community panic.

Do Your Own Research. Means doing your own checks before buying or launching.