Cross-Chain

Cross-chain creates interoperability, allowing for an exchange of information to jump between different blockchains. This type of technology is vital to make an intertwined network of systems, as it operates independently from the platforms that blockchains connect to.

Decentralised finance (DeFi) is a major industry in the cryptocurrency space that benefits incredibly from cross-chain, as users can move assets from one blockchain to another in the DeFi space. Cross-chain also allows for tokens to be moved from one chain to another, making a seamless design across multiple networks and giving more users flexibility and options on DeFi.

Key Takeaway

Cross-chain typically refers to technology that allows for interoperability between blockchains.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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