What is a decentralized application or DApp?

A decentralized app or DApp is a computer application that runs on a decentralized computing system. These blockchain applications cut out the middleman and allow users to interact peer-to-peer without needing an intermediary.

What categories of DApps are there?

DApps come in various categories, from financial services to games. DApps are categorized into games, DeFi, gambling, collectibles, marketplaces, social and more. Games, NFT collectibles, and DeFi are the most popular DApp.

What does Unique Active Wallets mean?

UAW is the number of Unique Active Wallets interacting with a DApp's smart contracts and thus performing a blockchain transaction, measured by DappRadar. It’s the metric that comes closest to the number of unique users.

TVL stands for Total Value Locked. Total Value Locked is the total value in dollars of crypto tokens locked into smart contracts used in DeFi services. Fluctuating crypto prices heavily influence TVL. Therefore Adjusted TVL (aTVL) is better suited to measure the growth of a DeFi service. With aTVL, instead of calculating the TVL based on crypto prices, aTVL uses a fixed price. This way, aTVL can clearly show growth or decline in the DeFi space.

Robert Hoogendoorn , Head of Content at DappRadar, Author at BeInCrypto

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