Proteus Labs

Interactive course

Briefing

Learn to read the chain before you trade it. Keys, pools, fees, and traps, from the shallows to the trench. Every lesson has a lab and a check. Your progress saves in this browser.

Shallows4 min

What a blockchain actually is

A blockchain is a list of every transfer that has ever happened on it, copied across thousands of computers. Nobody owns the master copy. New transfers are grouped into a block and added to the end.

Each block carries the fingerprint of the block before it. Change anything in an old block and its fingerprint changes, which breaks the link to every block after it. Honest computers see the break and reject that version. That is why history is so hard to rewrite.

Check yourself

  1. Why is it hard to secretly change an old transaction?

  2. Who keeps the ledger?

Put it to work

What do you want to do?

Pick a goal and see which part of Proteus handles it, and how.

Use Analyzer

Paste a Solana, Base, or BNB Chain token address. One scan opens Stats, Liquidity, Holders, Safety, Technicals, and Oracle. Your first three scans are free.

  1. 01Paste the token address, not the ticker.
  2. 02Safety: can more be minted, are there exit traps or a sell tax?
  3. 03Holders: how much of the float do the top wallets hold, with pools and curves set aside?
  4. 04Liquidity: how deep is the book you would sell into?
  5. 05Technicals: 1h RSI, MACD, EMAs, Bollinger, support and resistance.
Open Analyzer

Reference

Glossary

210 terms

AddressWallets & safety
The public name of a wallet or program. Safe to share.
Address poisoningRisk & scams
Sending you a tiny transfer from a lookalike address so you copy it from your history by mistake.
AggregatorLiquidity
A router that quotes many pools and splits or hops your swap for the best fill. Jupiter on Solana; 1inch and 0x on EVM chains.
AirdropTokens
Tokens sent to wallets for free, often to reward early users. Unexpected ones are often bait.
Airdrop PointsProteus
Points earned for token scans, your first portfolio scan each UTC day, and referrals. They set your share of a Treasury airdrop when an Annual subscription covers that epoch. Single Use does not join the drop.
AMMLiquidity
Automated market maker. A pool that prices swaps with a formula instead of an order book.
AnalyzerProteus
Paste a Solana, Base, or BNB Chain token address for a full scan: Stats, Liquidity, Holders, Safety, Technicals, and Oracle.
ApprovalWallets & safety
On EVM chains, permission you give a contract to move a token from your wallet. Unlimited approvals stay open until revoked.
APRLiquidity
Annual percentage rate. A yearly return without compounding.
APYLiquidity
Annual percentage yield. A yearly return assuming earnings are reinvested.
Associated token accountTokens
On Solana, the default account that holds one token for one wallet.
ATHTrading
All-time high.
AtlasProteus
Pairs creator wallets with their known launches, in both directions.
AuditDeFi
A security review of contract code. It lowers risk; it does not remove it.
BagTrading
A position you hold, often one that is down.
BaseChains
An Ethereum layer 2 built on the OP Stack. Gas is paid in ETH.
Base / quote tokenLiquidity
In a pair like BONK/SOL, the token being priced (base) and the one it is priced in (quote).
Base feeChains
The minimum fee a transaction must pay. On Solana, 5,000 lamports per signature.
BEP-20Tokens
The token standard on BNB Chain. Compatible with ERC-20.
Bid / askTrading
The best price a buyer will pay and a seller will accept. The gap is the spread.
BinLiquidity
In Meteora DLMM, one fixed price step that holds liquidity.
BitcoinChains
The first blockchain. Proof of work, about 10-minute blocks, capped at 21 million BTC.
Blind signingWallets & safety
Approving a transaction your wallet cannot decode for you. Avoid it unless you fully trust the source.
BlockBasics
A batch of transactions added to the chain in order.
Block explorerBasics
A website for reading a chain: Solscan for Solana, Basescan for Base, BscScan for BNB Chain.
BlockchainBasics
A shared record of transactions, grouped into blocks and copied across many computers.
BNB ChainChains
BNB Smart Chain, an EVM chain secured by Proof of Staked Authority. Gas is paid in BNB.
Bollinger BandsTrading
A 20-period moving average with bands two standard deviations above and below.
Bonding curveLiquidity
A launch contract that sells a new token at a formula price that rises as supply sells, until it graduates. pump.fun and Four.meme use them.
Borrow rateDeFi
The interest a lending protocol charges, usually rising as more of a pool is borrowed.
BridgeChains
A system that locks an asset on one chain and issues a stand-in on another.
Bridge hackRisk & scams
Draining the assets a bridge locks, leaving its bridged tokens unbacked.
Bundled launchRisk & scams
Insiders buying a new token in the same block or bundle it launches, often across many wallets.
BurnTokens
Sending tokens where nobody can move them, removing them from supply for good.
Burned LPLiquidity
LP tokens sent to a burn address so the liquidity can never be withdrawn.
Burner walletWallets & safety
A separate wallet with little in it, used for new coins and unfamiliar sites.
CandlestickTrading
One bar of a chart showing open, high, low, and close for a time period.
CEXTrading
Centralized exchange, like Coinbase or Binance. It holds your funds while you trade.
CircleProteus
The Proteus membership: invites, votes, endorsements, and flags.
Circulating supplyTokens
Tokens actually out in the market now.
CLMMLiquidity
Concentrated liquidity market maker. LPs choose a price range. Raydium CLMM, Orca Whirlpools, and Uniswap v3 work this way.
ClusterRisk & scams
Wallets that share a funding source or trade together and likely belong to one actor.
CoinTokens
Usually the native asset of a chain — BTC, SOL, ETH, BNB — as opposed to a token issued on it.
Cold walletWallets & safety
A wallet whose key never touches an internet-connected device.
CollateralDeFi
Assets you lock to borrow against.
Compute unitsChains
Solana’s measure of how much work a transaction does. Priority fees are priced per unit.
Concentrated liquidityLiquidity
Liquidity placed inside a chosen price range, earning more per dollar while price stays there.
ConsensusBasics
The rules a network uses to agree on one history.
Constant productLiquidity
The x · y = k rule: the two balances multiplied together stay the same through swaps.
CustodialWallets & safety
A platform holds the keys for you, like an exchange account. You rely on it to withdraw.
DAODeFi
A group that governs a protocol or treasury through token votes.
DCATrading
Dollar-cost averaging: buying a fixed amount on a schedule instead of all at once.
DecentralizationBasics
How many independent parties it would take to censor, change, or stop a network.
DecimalsTokens
How finely a token divides. Many SPL tokens use 6 or 9; most ERC-20s use 18.
DeFiDeFi
Decentralized finance: swapping, lending, and earning through on-chain programs instead of banks.
DepegRisk & scams
When a stablecoin or wrapped token trades away from its target value.
DepthLiquidity
How much can trade near the current price before it moves a lot.
Dev walletRisk & scams
The wallet that deployed a token. What it holds and sells matters.
DEXTrading
Decentralized exchange. Swaps run through on-chain programs, and you keep custody.
DLMMLiquidity
Meteora’s dynamic liquidity market maker. Liquidity sits in discrete price bins, and fees can rise with volatility.
DocketProteus
The public feed of wallet forensics that someone chose to publish, tagged into rings.
DrainerRisk & scams
A malicious site or transaction built to empty a wallet once you sign.
DYORRisk & scams
Do your own research.
Ed25519Basics
The signature scheme Solana keys use.
EMATrading
Exponential moving average. Weights recent prices more than a simple average.
EmissionsTokens
New tokens released over time, often as rewards.
EpochBasics
On Solana, a period of 432,000 slots (about two to three days) after which staking rewards and validator schedules update.
ERC-20Tokens
The fungible token standard on Ethereum and EVM chains like Base.
ERC-721Tokens
The standard for NFTs on EVM chains.
EthereumChains
The chain that made smart contracts mainstream. Proof of stake; Base settles to it.
EVMChains
Ethereum Virtual Machine. Base and BNB Chain both run it, which is why they share the 0x address format.
Exit liquidityTrading
Late buyers whose purchases let earlier holders sell.
ExploitDeFi
An attack that abuses a bug or design flaw to drain funds.
Fake airdropRisk & scams
An unsolicited token with a link, meant to lure you to a drainer.
FDVTokens
Fully diluted value. Price times the maximum supply, including tokens not yet circulating.
Fee tierLiquidity
The percentage a pool charges on each swap, from 0.01% to 1% or more.
Fibonacci retracementTrading
Levels at 23.6%, 38.2%, 50%, and 61.8% of a move, watched as possible pullback zones.
FinalityBasics
The point after which a transaction cannot be reversed.
Flash loanDeFi
A loan borrowed and repaid in the same transaction, with no collateral. Often used in exploits.
Float (Proteus)Proteus
The top-holder percentage after labeled pools, curves, burn addresses, lockers, treasuries, team wallets, exchanges, and programs are set aside.
FOMOTrading
Fear of missing out. The feeling that makes people buy tops.
ForensicsProteus
Trace one Solana, Base, or BNB Chain wallet’s funding, ledger, and rings, or run Nexus across up to 25 wallets on one of those chains.
ForkBasics
A split in a chain’s history or rules. A hard fork is an upgrade old software will not accept.
Freeze authorityTokens
On Solana, a key that can freeze token accounts. Revoked means nobody can.
Funding rateTrading
Periodic payments between longs and shorts that keep a perpetual’s price near spot.
GasBasics
The fee you pay the network to process a transaction.
Genesis blockBasics
The first block of a chain.
Governance tokenTokens
A token that carries votes on a protocol’s upgrades, fees, or treasury.
GraduationLiquidity
When a bonding curve fills and its token moves into a normal pool.
GweiBasics
One billionth of an ETH. Gas prices on Ethereum and Base are quoted in it.
HalvingBasics
Bitcoin’s block reward cut in half every 210,000 blocks, about every four years.
Hardware walletWallets & safety
A device that keeps the private key offline and signs without exposing it.
HashBasics
A fixed-length fingerprint of data. Any change to the input changes the output completely.
Health factorDeFi
How safe a loan is. When it falls below 1, the position can be liquidated.
HoneypotRisk & scams
A token that lets you buy but blocks or heavily taxes selling.
Hot walletWallets & safety
A wallet app on a connected phone or computer. Convenient, and more exposed.
Impermanent lossLiquidity
How much less an LP position is worth than simply holding the same tokens, caused by price moving after you deposit.
In rangeLiquidity
A concentrated position whose range contains the current price, so it earns fees.
JitoChains
A Solana block engine that lands bundles of transactions together in exchange for a tip.
KYCWallets & safety
Know your customer: identity checks exchanges run before you trade or withdraw.
LamportBasics
The smallest unit of SOL: one billionth of a SOL.
Layer 1Chains
A base chain with its own security, like Bitcoin, Ethereum, or Solana.
Layer 2Chains
A chain that settles to another chain for security. Base is a layer 2 on Ethereum.
Lending protocolDeFi
A market where depositors earn interest and borrowers pay it, like Kamino on Solana or Aave on EVM chains.
LeverageTrading
Trading with borrowed money. It multiplies gains and losses.
Limit orderTrading
An order that fills only at your price or better.
Liquid stakingDeFi
Staking through a protocol that hands you a tradable token for your stake.
Liquid staking tokenTokens
A token for staked coins that keeps earning rewards and can still be traded, like JitoSOL, mSOL, or stETH.
LiquidationTrading
A forced close of a leveraged or borrowed position when collateral runs too low.
LiquidityLiquidity
Tokens sitting in a pool for traders to swap against. More liquidity means less price impact.
Liquidity poolLiquidity
A smart contract holding two or more tokens that traders swap against.
Long / shortTrading
A bet that price goes up (long) or down (short).
LPLiquidity
Liquidity provider — someone who deposits into a pool and earns a share of its fees.
LP lockLiquidity
LP tokens held in a time-locked contract so liquidity cannot be pulled before a date.
LP tokenLiquidity
A receipt for your share of a pool. Concentrated positions are often NFTs instead.
MACDTrading
Moving Average Convergence Divergence: the gap between the 12- and 26-period EMAs, with a 9-period signal line.
Market capTokens
Price times circulating supply.
Market makerTrading
A trader or firm that quotes both sides of a market and earns the spread.
Market orderTrading
An order that fills now at whatever price is available. A DEX swap is one.
Max supplyTokens
The most tokens that can ever exist, if there is a cap.
MemecoinTokens
A token driven by culture and attention, usually with no revenue behind it.
MempoolBasics
The waiting room of pending transactions on chains like Bitcoin and Ethereum. Solana forwards transactions straight to upcoming leaders instead.
Merkle treeBasics
A tree of hashes that lets anyone prove one transaction is in a block without downloading the whole block.
MEVTrading
Maximal extractable value. Profit taken by reordering, inserting, or censoring transactions.
MinerBasics
A computer that produces blocks in proof of work by finding a valid hash.
MintTokens
On Solana, the account that defines a token. Also the act of creating new supply.
Mint authorityTokens
On Solana, the key that can create more of a token. Revoked means supply is fixed.
Multi-hopLiquidity
A swap routed through a middle token, like token → SOL → USDC.
MultisigWallets & safety
A wallet that needs several keys to approve a transaction, such as Squads on Solana or Safe on EVM chains.
Name serviceWallets & safety
Readable names that point to addresses, like .sol on Solana or .eth on Ethereum.
NFTTokens
A non-fungible token: one unique item, like art, a ticket, or an LP position.
NodeBasics
A computer running the chain’s software and keeping a copy of the ledger.
NonceBasics
In mining, the number changed until a block’s hash meets the difficulty target. On EVM chains it also counts the transactions a wallet has sent.
ObservatoryProteus
The public feed of contracts scanned in the lab, with stats, holders, and Proteus takes.
OP StackChains
Open-source software for building Ethereum rollups. Base runs on it.
Optimistic rollupChains
A rollup that assumes batches are valid unless challenged. Withdrawing through its official bridge takes about seven days.
Oracle (Proteus)Proteus
The Analyzer tab with the Proteus AI reading. Free scans get a teaser; Premium gets the full reading.
Order bookTrading
A list of buy and sell orders at each price, used by CEXs and some DEXs.
Out of rangeLiquidity
A concentrated position whose range no longer contains the price. It earns nothing and holds one side.
Over-collateralizedDeFi
Borrowing less than the value you locked, so price drops can be absorbed.
PassphraseWallets & safety
An optional extra word added to a seed phrase that creates a completely different set of wallets.
Permanent delegateTokens
A Token-2022 extension that lets one address move or burn anyone’s balance of that token.
Perpetual futuresTrading
Leveraged contracts with no expiry that track a coin’s price. Kept in line by the funding rate.
PhishingRisk & scams
Impersonating a real site or person to steal keys, seed phrases, or signatures.
Pig butcheringRisk & scams
A long con: weeks of friendship, then a fake platform that shows gains but never pays out.
PortfolioProteus
A Premium deep dive of a connected Solana wallet: holdings, activity, bag health, and red flags.
PremiumProteus
Paid desk access in SOL. Single Use is one payment for 300 scans and 30 dives. Those uses do not expire or refill, and Single Use does not join airdrops. Annual is the 365-day subscription and the only plan that does. Neither charges again on its own. 70% of each payment goes to the Treasury, 30% to Ops.
Price impactTrading
How far your own trade moves the pool price.
Price oracleBasics
A service that brings outside data such as prices on-chain, like Pyth or Chainlink.
Priority feeChains
An optional extra fee that helps a transaction land faster when blocks are busy.
Private keyWallets & safety
The secret that signs for a wallet. Whoever has it controls the funds.
Proof of HistoryBasics
Solana’s running hash clock that timestamps the order of events before validators vote.
Proof of stakeBasics
Validators lock up the chain’s coin to earn the right to produce blocks, and can lose it for cheating. Solana uses it.
Proof of workBasics
Miners spend computation to find a valid block hash. Bitcoin uses it.
Protocol feeLiquidity
The share of swap fees a venue keeps for itself instead of paying LPs.
Proxy contractTokens
An EVM contract whose logic can be swapped by its admin, so the rules can change after you buy.
Public keyWallets & safety
The shareable half of a keypair, used to verify signatures. A Solana address is the public key.
RadarProteus
Pools on Solana, Base, and BNB Chain screened for structure, traction, and LP research quality.
Renounced ownershipTokens
An EVM contract whose owner role was given up, so owner-only functions can no longer be called.
RentTokens
On Solana, the refundable deposit an account must hold. About 0.002 SOL for a token account.
RevokeWallets & safety
Cancelling a token approval you gave a contract.
Risk scoreProteus
A rating built from on-chain structure. Higher means more risk flags. Under 40 Low, 40–59 Medium, 60–79 High, 80+ Extreme.
RollupChains
A chain that executes transactions off Ethereum and posts the data back to it.
RSITrading
Relative Strength Index, 0–100. Above 70 is usually read as stretched, below 30 as washed out.
Rug pullRisk & scams
When insiders drain liquidity or dump supply, leaving holders with a token nobody can sell into.
Safety tabProteus
The Analyzer tab for exit traps, Token-2022 and authority flags, and LP and deployer context.
SandwichTrading
A bot buys just before your swap and sells right after, profiting from the price your trade pushes.
SatoshiBasics
The smallest unit of bitcoin: 0.00000001 BTC.
secp256k1Basics
The elliptic curve Bitcoin and Ethereum keys use.
Seed phraseWallets & safety
12 or 24 words that regenerate your private keys. Anyone with them owns the wallet.
Self-custodyWallets & safety
You hold your own keys. Nobody can freeze your funds, and nobody can recover them for you.
SequencerChains
The party that orders transactions on a rollup before they are posted to the base chain.
SHA-256Basics
The hash function Bitcoin uses for blocks and mining.
Sign-in with SolanaWallets & safety
Logging in by signing a message with your wallet. No transaction, nothing spent. Proteus uses it.
SignatureWallets & safety
Proof, made with a private key, that an address approved an exact message or transaction.
Single-sided liquidityLiquidity
Depositing only one token into a range above or below the price, as some concentrated pools allow.
SlippageTrading
The difference between the quoted price and the price you actually get.
Slippage toleranceTrading
How much worse than the quote you accept before a swap fails instead of filling.
SlotBasics
Solana’s time window, roughly 400 milliseconds, in which one leader may produce a block.
SMATrading
Simple moving average: the plain average of the last N closes.
Smart contractBasics
Code deployed on a chain that runs exactly as written when called. Solana calls them programs.
SniperTrading
A bot or wallet that buys a new token in its first block or seconds.
Soft rugRisk & scams
Insiders selling slowly over days instead of pulling everything at once.
SolanaChains
A fast proof-of-stake chain with Proof of History. Gas and rent are paid in SOL.
SPL tokenTokens
A token on Solana, created through the Token Program or Token-2022.
StablecoinTokens
A token designed to hold a steady value, usually one US dollar, such as USDC or USDT.
StakingDeFi
Locking a proof-of-stake coin with a validator to help secure the chain and earn rewards.
Stop-lossTrading
An order that sells automatically if price falls to a level you set.
Support / resistanceTrading
Price areas where buying or selling has repeatedly stepped in.
Technicals tabProteus
The 1h chart read: RSI, MACD, EMAs, Bollinger Bands, support and resistance, and Fibonacci levels.
TickLiquidity
In a CLMM, one step on the price grid. In Uniswap v3, each tick is a 0.01% move.
TokenTokens
An asset issued on top of a chain by a program or contract.
Token-2022Tokens
Solana’s newer token program. It adds extensions like transfer fees and transfer hooks, which can also be used as traps.
TransactionBasics
A signed instruction to the chain: send, swap, mint, vote.
Transaction IDBasics
The unique reference for a transaction. On Solana it is the first signature; on EVM chains it is the transaction hash.
Transfer hookTokens
A Token-2022 extension that runs a program on every transfer. Useful, or a way to block sells.
Transfer taxTokens
A fee skimmed on every buy, sell, or transfer.
TreasuryProteus
The on-chain Solana wallet that funds Circle airdrops. It receives 70% of every Premium payment. Only Annual joins a drop.
TurnoverLiquidity
24h volume divided by liquidity. Very high turnover on a small pool is a common wash-trading sign.
TVLLiquidity
Total value locked — the dollar value sitting in a pool or protocol.
Update authorityTokens
On Solana, the key that can change a token’s name, symbol, and image.
ValidatorBasics
A node that votes on and produces blocks in proof of stake.
VestingTokens
A schedule that releases team or investor tokens over time. Each release is an unlock.
VolatilityTrading
How much and how fast a price moves.
VolumeTrading
The dollar value traded over a period, usually 24 hours.
Wash tradingRisk & scams
Trading with yourself to fake volume.
WhaleTrading
A holder large enough to move the price alone.
Wrapped tokenTokens
A coin repackaged as a token, like WSOL or WETH, or an asset held by a custodian, like WBTC.
Yield farmingDeFi
Moving funds between pools and protocols to collect fees and reward tokens.
ZK rollupChains
A rollup that posts a cryptographic proof that each batch is valid.