DApp
Decentralized Application. An application that runs on a blockchain or peer-to-peer network rather than on centralized servers.
Why It Matters
DApps (decentralized applications) operate on blockchains, providing services without centralized control. They are key drivers of innovation in the blockchain space, offering unique functionalities and user experiences.
Example
For instance, a DApp like Uniswap allows users to exchange tokens without intermediaries, relying on smart contracts for all processes. This decentralization leads to increased transparency and reduced costs.
Beginner Context
As a beginner, knowing about DApps is essential as they demonstrate the practical applications of blockchain technology. They represent a shift toward user-controlled services in various industries.
Mike Starr
Founder, CryptoWizardTools · M.S. Organizational Management
Last reviewed: August 2026
Related Terms
Bearish
A negative outlook on the price direction of a cryptocurrency or the broader market. A bearish investor expects prices to decline. The opposite of bullish.
Liquidation
When a leveraged trading position or undercollateralized loan is forcibly closed by a protocol to prevent losses exceeding the deposited collateral. Liquidation typically happens automatically when the collateral value falls below a set threshold.
Candlestick
A chart element used in technical analysis that displays four price points for a given time period: the opening price, closing price, highest price, and lowest price. Green candles indicate the price rose; red candles indicate it fell.
Dump
A sharp, often coordinated sell-off that pushes the price of a cryptocurrency down significantly. "Dump" is also the sell phase of a pump-and-dump scheme, where organizers sell into the hype they created.
Peer-to-Peer
A decentralized network where participants interact directly with each other without intermediaries.