What Is the Role of DApps in Strengthening a Blockchain’s Network Effect?
Decentralized Applications (DApps) are the primary source of utility for a blockchain. More DApps mean more use cases, attracting diverse user groups and developers.
This positive feedback loop, where utility attracts users and users attract more developers, significantly strengthens the network effect. The total value locked (TVL) in DApps is a key metric for measuring this utility-driven growth.