A dApp refers to a decentralized application and is the foundation of all DeFi. Like a DAO, a dApp is essentially an application that also runs itself, without a manager or middleman, allowing users to transfer money between programs. The ethereum blockchain is like a dApp library in which most DeFi dApps exist, while other blockchains (such as Tron and EOS) also allow developers to code applications.

A dApp refers to a decentralized application and is the foundation of all DeFi. Like a DAO, a dApp is essentially an application that also runs itself, without a manager or middleman, allowing users to transfer money between programs. The ethereum blockchain is like a dApp library in which most DeFi dApps exist, while other blockchains (such as Tron and EOS) also allow developers to code applications.