👉 Wallet math is a simplified way to understand and manage the value of tokens within a digital wallet, especially in the context of decentralized finance (DeFi). It involves calculating the total value of all tokens stored in a wallet by multiplying the number of tokens by their respective token values, which are often represented in gwei (a small unit of ETH, the base currency for many blockchains). For example, if a user has 10,000 tokens at a value of 50 gwei each, the wallet's total value would be 10,000
50 gwei = 500,000 gwei or approximately $2.42 (assuming 1 gwei = $0.00000024). This concept helps users quickly assess the worth of their tokens and make informed decisions about trading, staking, or liquidating assets within DeFi platforms.
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What is the definition of Wallet Math? 🙋
