The crypto glossary A–Z
The words from the charts, the wallet pop-ups and the group chat. Get the meaning, see an example and follow the source.
Limit order
An order that buys only at or below a chosen price, or sells only at or above it.
Liquid staking
Staking through a system that issues a transferable token representing a staking position or claim.
Liquid staking token
A transferable token representing a claim connected to assets in a liquid staking protocol.
Liquidation
The forced repayment or closing of a position that no longer meets its collateral or margin rules.
Liquidation threshold
The collateral parameter used to determine when a borrowing position becomes eligible for liquidation.
Liquidity
The ability to trade an amount of an asset without a large delay or adverse price effect.
Liquidity mining
Distributing token incentives to participants who provide liquidity or perform qualifying protocol activities.
Liquidity pool
Assets held under a protocol’s rules to support activities such as swaps or lending.
Liquidity provider
A participant who supplies assets for a protocol’s trading, lending or other liquidity needs.
Loan-to-value
A loan’s value relative to its collateral value, often expressed as a percentage.
LP token
A token representing a liquidity provider’s claim on a pool or liquidity position.
Mainnet
A blockchain's production network, where its assets and transactions have their normal economic role.
Market capitalization
An asset's reference price multiplied by its estimated circulating supply.
Market order
An instruction to trade promptly against available liquidity under a venue's execution rules.
Maximum supply
The stated upper limit on how many asset units can exist under the applicable rules.
Mempool
A node’s local collection of valid pending transactions waiting for block inclusion.
Merkle proof
Intermediate hashes used to check that an item belongs to a Merkle-root commitment.
Merkle root
The top-level hash that commits to the contents of a Merkle tree.
Merkle tree
A tree of hashes that commits to many data items through one root hash.
MEV
Maximal extractable value: value available through controlling transaction inclusion, exclusion or ordering beyond ordinary rewards and fees.
Mining
The process of building candidate blocks, searching for valid proof of work and publishing successful results.
Mining difficulty
A measure of how hard it is to find a proof-of-work hash that meets the network’s target.
Mining pool
A group of miners that coordinates work and shares rewards using an agreed payout scheme.
Multisig
An authorization arrangement that requires signatures from a specified number of distinct keys.
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