A crypto risk-taker who dives into speculative trades, often with more enthusiasm than research.
Short for degenerate, degen can be a criticism or a badge people wear with a wink. In crypto chat it often means chasing fresh tokens, risky DeFi plays or whatever the group is excited about. Someone calling themselves a degen is describing their attitude, not proving they know where prices are headed.
IN THE WILD
Buying that token after seeing one meme was a proper degen move. I hadn't even read the docs.
We're all gonna make it: a crypto community cheer for shared optimism and sticking together.
WAGMI is what a chat says when morale is high, a project hits a milestone or people want to keep each other going. It can be sincere, playful or wildly overconfident. Making it might mean building something, finding your people or hoping for gains; the phrase itself doesn't promise any of those outcomes.
IN THE WILD
The team finally shipped the demo and the replies were wall-to-wall WAGMI.
Not gonna make it: a skeptical reply, a put-down or a joke about your own bad crypto decision.
NGMI is the pessimistic counterpart to WAGMI. People use it when a plan looks doomed, when someone misses a detail or when laughing at their own mistake. It can also be a way to shut down another person's opinion. The letters tell you the speaker's mood, not who will turn out to be right.
IN THE WILD
I spent twenty minutes refreshing the wrong block explorer. NGMI, apparently.
Wrecked: crypto slang for taking a brutal loss or having a trade go badly wrong.
Getting rekt can mean a portfolio took a beating, a leveraged position was liquidated or a trade completely fell apart. The spelling comes from online gaming slang and is usually exaggerated or self-mocking. It doesn't name a fixed loss percentage, so the surrounding conversation tells you how bad the damage was.
IN THE WILD
I cranked up the leverage and got rekt by a move the spot chart barely noticed.
A scam where project controllers use their position to take value from users after attracting funds.
Rug pulls can involve draining controlled liquidity or abusing privileged contract functions. The common thread is controllers exploiting the trust placed in them. A falling token price or an unsuccessful project does not establish a rug by itself; what the controllers did and could control matters.
IN THE WILD
Project chat goes quiet, and the operator removes liquidity they alone controlled after promoting the sale; holders are left without normal trading access.
The unit Ethereum uses to measure the computation and other resources a transaction consumes.
Gas measures work; ETH pays the bill. Sending ETH usually needs less work than a swap that calls several contracts, so those transactions can cost different amounts at the same gas price. An included transaction that fails can still consume gas: the network did the work even though its changes reverted.
IN THE WILD
Your swap reverts because the price moved, but the wallet still shows a network fee for the attempted transaction.
A liquidity position’s value shortfall compared with holding the deposited assets, caused by changing relative prices.
When relative token prices move, an AMM changes the mix of assets in your position. That mix can be worth less than keeping the original amounts outside the pool. This comparison usually separates trading fees and rewards, which may offset some or all of it. The word impermanent doesn't promise the difference will disappear.
IN THE WILD
Your LP position earned fees, but after one token rose sharply you calculate that holding the original tokens would have been worth more.
A trading attack that places transactions before and after another trader's trade to exploit its price movement.
An attacker tries to buy ahead of a pending swap and sell after that swap moves the price. The victim can end up with a worse execution result. Public pending transactions, available liquidity and permissive execution limits affect the opportunity; the attack is not simply any two trades around the same time.
IN THE WILD
Your pending swap is bracketed by an attacker's buy before it and sell afterward, exploiting the pool price movement your trade causes.
An attack that plants a lookalike address in transaction history to encourage a later transfer to the wrong recipient.
The attacker wants a misleading entry to become the address you copy next time. Spam or zero-value transfers can place lookalikes near real recipients in wallet history. The entry does not itself grant spending access; the danger is mistaking it for the intended destination.
IN THE WILD
"That address came from a recent spam transfer, not from the person I meant to pay."
A loan that must be repaid under the protocol’s rules within the same atomic transaction.
A flash loan lets a transaction temporarily use assets without the usual upfront collateral for that repaid loan. The contract checks repayment before the transaction can complete; if it isn't met, execution reverts. This can support legitimate multi-step operations, but it doesn't mean free funds, and a failed included attempt can still cost gas.
IN THE WILD
One transaction borrows tokens, trades across two venues and repays the loan plus its required fee; without repayment, the operation reverts.
The daily pick rotates automatically. Our initial collection was published on October 9, 2026. New words join on their publication date. Every concept includes a reference.