Trading & Markets
Web3 Glossary
Master crypto trading concepts including order types, DEX and CEX mechanics, liquidity provision, technical analysis, market making, and on-chain trading strategies.
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Airdrop
A marketing strategy where cryptocurrency projects distribute free tokens to wallet addresses to promote adoption, reward early users, or decentralize token ownership.
DEX
Decentralized Exchange, a peer-to-peer cryptocurrency marketplace where users trade directly from their wallets through smart contracts without intermediaries or custody.
Order Book
A list of buy and sell orders for an asset at different prices, used by centralized exchanges to match buyers and sellers and determine market price.
Slippage
The difference between the expected price of a trade and the actual execution price. Occurs due to price movement between order submission and execution, especially in volatile or low-liquidity markets.
Whale
A whale is an individual or entity that holds a very large amount of cryptocurrency, capable of influencing market prices through their trading activity.
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Arbitrage
Arbitrage is the practice of exploiting price differences for the same asset across different markets or platforms, buying low in one place and selling high in another for risk-free profit.
Batch Auction
A mechanism where orders are collected over a time period, then executed simultaneously at a single clearing price, preventing front-running and enabling fair execution.
Conditional Order
A trading order that only executes when specified conditions are met, enabling automated trading strategies based on price, time, or other market conditions.
Market Maker
A trader who provides liquidity by simultaneously buying and selling assets, profiting from the bid-ask spread while stabilizing market prices.
Price Impact
The percentage change in asset price resulting from a trade, where larger trades move price more than smaller trades due to limited liquidity.
Time-Weighted Average Price
An execution strategy that spreads large trades over time to reduce price impact, calculating the average price weighted by time intervals.