Overview
An Ethereum application is an application built on Ethereum, ranging from DeFi protocols to NFTs and DAOs. It runs on smart contracts and uses ETH for gas. Ethereum apps are the largest Web3 ecosystem.
How It Works
Developers deploy smart contracts that applications interact with through wallets. Users transact and own assets on-chain. The EVM provides a shared execution environment.
Why It Matters
Ethereum applications defined the templates for DeFi, NFTs, and DAOs. Their ecosystem drives innovation and liquidity. Understanding them is key to the broader Web3 landscape.
Related Concepts
Ethereum applications relate to Smart Contracts, DeFi, and the EVM. They are built on Ethereum infrastructure.