A dapp, or decentralized application, is an application that is built on top of a blockchain network and operates in a decentralized manner without a central authority.
In the context of decentralized finance (DeFi), dapps are often built on blockchain networks such as Ethereum and operate using smart contracts. These dapps can be used for a wide range of financial applications, including lending, borrowing, trading, and more.
Unlike traditional applications, dapps operate in a decentralized manner, meaning that they are not controlled by any single entity or authority. This makes them more secure, transparent, and resistant to censorship and manipulation.
Some popular examples of DeFi dapps include Uniswap, Aave, and Compound, which are all used for decentralized trading and lending. As the DeFi space continues to grow, it's likely that we will see more innovative and useful dapps emerge for a wide range of financial applications.