Decentralized Applications (dApps)

Decentralized Applications (dApps) are critical to the tokenomics of a blockchain, as they drive network activity, user engagement, and demand for the underlying token. This feature tracks the adoption, user participation, and financial performance of dApps built on top of blockchain networks.

Usage:

• Utility and Demand for Tokens: dApps that require a native token for usage (such as Uniswap or Aave) drive token demand and, consequently, affect the token’s price dynamics through user activity and transaction fees.

• Governance and Tokenomics: dApps like Compound or MakerDAO enable decentralized governance, where users interact with governance tokens to make decisions on protocol upgrades, impacting the economic structure of the platform.

Key Data:

• User Engagement: Active users and daily transactions within the dApp ecosystem.

• Transaction Fees: The amount of native token paid as transaction fees for interacting with dApps.

• Liquidity and Market Impact: The liquidity provided to dApps and its effect on token volatility.