Crypto Market-Data Glossary

Searchable, plain-language definitions for the metrics and risks used throughout Kryptonomy.

Reviewed September 10, 2026

Quick answer

Definitions describe how Kryptonomy uses each term. Providers and protocols may use different formulas, so check the named methodology when precision matters.

Showing 38 of 38 terms

Market data

Price

A recent trade, quote, or provider aggregate for a specific asset, pair, venue set, and time.

Market data

24-hour volume

Reported trading activity over a rolling 24-hour period under a provider’s venue and quality rules.

Market data

Market capitalization

Price multiplied by estimated circulating supply; it is not the amount of money invested.

Market data

Baseline

The starting observation used to calculate a change.

Market data

OHLCV

Open, high, low, close, and volume summarized for a defined time interval.

Supply

Circulating supply

A provider estimate of units currently available to the market under its methodology.

Supply

Total supply

Issued units, usually less verifiably burned units, whether circulating or locked.

Supply

Maximum supply

A stated upper limit on units when the protocol defines one.

Supply

Fully diluted valuation (FDV)

Current price multiplied by maximum or fully issued supply; an illustrative valuation assumption.

Supply

Token unlock

The point when previously restricted units become transferable under a vesting or release schedule.

Supply

Emission

New token issuance distributed under protocol, incentive, or governance rules.

Execution

Bid

A visible order to buy a stated quantity at a stated price.

Execution

Ask

A visible order to sell a stated quantity at a stated price.

Execution

Spread

The difference between best ask and best bid, often expressed as a percentage.

Execution

Depth

Visible quantity distributed across successive price levels.

Execution

Slippage

The difference between expected and actual average execution price.

Execution

Price impact

The price movement caused by an order consuming available liquidity.

Execution

Imbalance

A comparison of displayed bid and ask quantity in a defined sample.

Custody

Wallet

Software or hardware used to view accounts and request cryptographic signatures.

Custody

Public address

An identifier that can be shared to receive assets or inspect public activity.

Custody

Private key

Secret material used to authorize signatures for an account.

Custody

Recovery phrase

Secret words that may recreate wallet keys and therefore require strict protection.

Custody

Token approval

Permission allowing a smart contract to transfer up to a defined amount of a token.

DeFi

Automated market maker (AMM)

A smart-contract market that quotes from pooled assets and a pricing formula.

DeFi

Liquidity pool

Assets held by smart contracts to support swaps or other protocol activity.

DeFi

Total value locked (TVL)

A provider estimate of assets deposited in a protocol; not a direct safety or revenue measure.

DeFi

Impermanent loss

The value difference between providing liquidity and holding the original assets as relative prices change.

DeFi

Oracle

A system that supplies external data to smart contracts under defined source and security assumptions.

DeFi

Bridge

A system for communicating or representing value across networks, adding verification or custody assumptions.

DeFi

Smart-contract risk

The possibility that code, configuration, economics, or administrative controls behave unsafely.

Stablecoins

Stablecoin

A token designed to track a reference value through reserves, collateral, incentives, or another mechanism.

Stablecoins

Peg

The reference value a stablecoin mechanism attempts to maintain.

Stablecoins

Depeg

A meaningful market-price departure from the intended reference value.

Stablecoins

Redemption

A process for exchanging a token for backing assets or reference value under stated terms.

Risk

Leverage

Exposure larger than posted capital, amplifying both gains and losses.

Risk

Liquidation

Forced position reduction or closure when collateral falls below platform requirements.

Risk

Counterparty risk

The possibility that a custodian, venue, issuer, or other party fails to perform its obligation.

Risk

Invalidation

Predefined evidence that would cause a research thesis to be revised or abandoned.