The decenterlized applications(dapps) code is open-source smart contracts utilized on the blockchain. DApps are usually deployed on Ethereum platform and can used in different applications such as finance, gaming, and social media.

In 2018, 1,423 decenteralized applications resulted in a transaction volume of over $6.5 billion with each dapp generating an average transaction volume of more than $4.5 million.

Since 2018, many public listed companies have started investing in research and developing decenteralized applications that can be used in different applications especially in gaming and social networking sector.