Kryptonomy University
Build the knowledge to read crypto markets. Practical lessons connected to the tools in Kryptonomy.
From market curiosity to a repeatable process.
Follow a beginner-friendly path through markets, custody, DeFi, data quality, and risk. Every lesson explains the concept, shows its limits, and gives you a practical way to apply it.
Foundations
Build a safe, practical foundation for reading markets and using crypto networks.
How Crypto Markets Work
Assets, venues, pairs, price discovery, and why liquidity matters.
Reading Market Data
Price, volume, market cap, time windows, and false precision.
Recommended first: How Crypto Markets WorkWallets, Keys, and Custody
Wallets, addresses, private keys, recovery phrases, custody, and safe signing.
Recommended first: Reading Market DataTransactions, Networks, Fees, and Explorers
Networks, transaction hashes, fees, confirmations, failures, and explorer verification.
Recommended first: Wallets, Keys, and CustodyBitcoin and Blockchain Architecture
UTXO and account models, consensus, confirmations, forks, finality, and layers.
Recommended first: Transactions, Networks, Fees, and ExplorersMarket Structure
Understand how liquidity, supply, stablecoins, and execution shape market outcomes.
Order Books and Liquidity
Spread, depth, imbalance, slippage, and cross-exchange comparison.
Recommended first: Reading Market DataTokenomics and Supply
Circulating, total, and maximum supply plus issuance and demand.
Recommended first: Order Books and LiquidityStablecoins, Pegs, and Liquidity
Peg mechanisms, reserves, redemption, liquidity, and depeg risk.
Recommended first: Tokenomics and SupplyExecution Costs: Fees, Spread, Slippage, and Price Impact
Order size, venue fees, spread, slippage, price impact, and total execution cost.
Recommended first: Stablecoins, Pegs, and LiquidityFDV, Token Unlocks, and Emissions
Fully diluted valuation, unlock schedules, emissions, concentration, and dilution scenarios.
Recommended first: Execution Costs: Fees, Spread, Slippage, and Price ImpactDeFi
Learn how decentralized markets work and where their distinctive risks come from.
Centralized Exchanges, DEXs, and AMMs
Centralized order books, decentralized protocols, automated market makers, and routing.
Recommended first: Transactions, Networks, Fees, and ExplorersMEV and Transaction Ordering
Mempools, arbitrage, front-running, sandwich attacks, priority fees, and mitigations.
Recommended first: Centralized Exchanges, DEXs, and AMMsLiquidity Pools and Impermanent Loss
Pool shares, price curves, fees, divergence loss, concentration, and withdrawal risk.
Recommended first: Centralized Exchanges, DEXs, and AMMsSmart Contracts, Oracles, and Bridge Risk
Contract behavior, administrative control, oracle inputs, bridges, composability, and incident planning.
Recommended first: Liquidity Pools and Impermanent LossData Literacy
Evaluate sources, timestamps, definitions, and on-chain evidence before drawing conclusions.
Data Sources, Freshness, and Conflicting Metrics
Provider definitions, coverage, timestamps, aggregation, missing values, and conflict resolution.
Recommended first: Reading Market DataOn-Chain Metrics and Their Limitations
Addresses, transactions, active users, flows, labels, entity clustering, and attribution limits.
Recommended first: Data Sources, Freshness, and Conflicting MetricsRisk and Research
Turn evidence into a repeatable process with explicit risk and a documented conclusion.
A Crypto Research Checklist
A repeatable sequence for separating observation, explanation, risk, and uncertainty.
Recommended first: Data Sources, Freshness, and Conflicting MetricsPosition Sizing, Leverage, and Liquidation
Risk budgets, position sizing, volatility, leverage, liquidation, and counterparty exposure.
Recommended first: A Crypto Research ChecklistCapstone: Build a Cryptoasset Research Brief
A saved, printable research workflow that separates facts, inference, and invalidation.
Recommended first: Position Sizing, Leverage, and LiquidationUse a checklist when you need an answer now.
Search definitions, follow a dashboard walkthrough, check wallet or DeFi risks, or structure a research brief.