THE MERIDIAN
Notes on crypto, DeFi, AI, and the behavior beneath the price.
All Essays
17 essaysPart 08: DEX 103: Making Swaps More Intelligent
Build on the basics of DEX trading with a closer look at swap execution, liquidity, and the choices that make an onchain trade more informed.
Part 07: DEX 102: Why Swap Prices Change
Understand slippage, price impact, and minimum received. Learn why a swap quote can change and how execution conditions affect the tokens you receive.
Part 06: DEX 101: How Decentralized Exchanges Work?
Discover how decentralized exchanges execute swaps through liquidity pools and automated market makers—and what happens when you trade without an order book.
Part 05: Stablecoin 101: What Does "Stable" Mean, Peg and Risks
What makes a stablecoin stable? Explore pegs, collateral models, redemption, and the risks that can break the promise of a one-dollar asset.
Part 04: What Are Tokens? Native Coins vs ERC-20 Explained for Beginners
Learn the difference between native coins and ERC-20 tokens, how token contracts work, and why approvals matter before swapping, lending, or using DeFi.
Part 03: How Blockchain Transactions Actually Work
Follow a blockchain transaction from signing to confirmation. Learn how gas, execution, approvals, and failed transactions shape everyday DeFi activity.
Part 02: How Crypto Wallets Actually Work
Understand private keys, seed phrases, signatures, and custody—and why a crypto wallet represents your authority rather than a place where coins are stored.
Part 01: What Is DeFi? Understanding Decentralized Finance From Scratch
Start from the foundations of decentralized finance: ownership, smart contracts, financial protocols, and the trade-offs behind using an open onchain system.
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Crypto, DeFi, AI, and the behavior beneath the price.