The Dictionary
Explore 336+ clear, technical, and objective definitions defining the decentralized future.
Recently Defined
Distribution Phase
A distribution phase is a market period in which earlier buyers or large holders gradually sell assets to newer market participants. It often occurs after a strong price increase, although distribution can happen at any price level.
Token Accumulation
Token accumulation is a period during which investors or wallets gradually increase their holdings of a crypto asset. In market-cycle analysis, an accumulation phase often refers to a period of relatively stable prices after a decline, when longer-term buyers may be building positions.
Wallet Labelling
Wallet labelling is the practice of assigning descriptive names or categories to blockchain addresses based on known ownership, transaction patterns, public disclosures, or analytical estimates. A label might identify an address as an exchange, fund, bridge, protocol treasury, market maker, exploiter, whale, or smart-money wallet.
Smart Money
Smart money is an informal label used for professional investors, experienced traders, funds, market makers, or wallets believed to make well-informed and historically profitable decisions. In on-chain analytics, platforms may apply the label to addresses that show strong past performance or early activity in successful tokens.
Token Swap
A token swap is the exchange of one crypto asset for another. It can take place on a centralised exchange, decentralised exchange, wallet, automated market maker, or DEX aggregator.
Smart Money Tracking
Smart money tracking is the practice of monitoring wallets believed to have strong historical performance, early access to information, specialised expertise, or successful trading behaviour. “Smart money” is a descriptive label, not a verified status or guarantee that a wallet owner will continue to perform well.
Holder Concentration
Holder concentration measures how much of a token’s supply is controlled by its largest wallet addresses. It may be expressed as the percentage held by the top 10, top 20, top 100, or another group of addresses.
Profit and Loss (PnL)
PnL, or profit and loss, measures the realised or unrealised financial gain or loss on a trade, position, strategy, or portfolio.
OHLCV
OHLCV stands for open, high, low, close, and volume. It is the standard data structure used to summarise market activity during a specific time period and forms the basis of most candlestick charts.
Compute Unit
A compute unit is a measurement used by Solana to represent the computational work required to process a transaction or execute program instructions. The term may also be used by Solana data providers such as Solscan as a usage-based billing measure for API calls, with more expensive endpoints consuming more units.
Priority Fee
A priority fee is an optional additional transaction fee that a user can pay to improve a transaction’s chance of being processed quickly during network congestion. On Solana, priority fees are associated with the computational resources requested by a transaction.
Freeze Authority
A freeze authority is the wallet address or program permitted to freeze token accounts associated with a particular token. On Solana, freezing a token account can prevent the tokens in that account from being transferred until the account is thawed by the authorised party.
Mint Authority
A mint authority is the wallet address or program authorised to create additional units of a token after its initial launch. On Solana, the mint authority is recorded in the token’s mint account. If the authority remains active, the authorised party may be able to increase the token’s supply.
SPL Token
An SPL token is a digital asset created using Solana’s standard token program. SPL tokens serve a similar role on Solana to ERC-20 tokens on Ethereum. The term SPL originally refers to the Solana Program Library, a collection of standard programs used within the Solana ecosystem.
Transaction Signature
A transaction signature is the unique identifier assigned to a transaction on the Solana blockchain. It serves a similar purpose to a transaction hash on Ethereum and many other blockchains.
Unrealized Profit and Loss
Unrealized PnL is the profit or loss on an open position that has not yet been closed.
Realized Profit and Loss
Realized Profit and Loss is the profit or loss from trades that have already been closed.
Exchange Reserve
Exchange reserves measure how much cryptocurrency is held on centralized exchanges.
Whale Alert
A whale alert tracks large cryptocurrency transactions between wallets or exchanges.
Fear and Greed Index
The Fear & Greed Index measures overall market sentiment.