> For the complete documentation index, see [llms.txt](https://docs.satoshiterminal.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.satoshiterminal.io/research-suite/data-coverage/tokenomics/decentralized-applications-dapps.md).

# 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.