Data Utility

Definition ∞ Data utility refers to the practical value and usefulness derived from information within a system or dataset. In digital asset contexts, it signifies how effectively data can inform decisions, enable services, or generate economic benefit. High data utility contributes to the functionality and appeal of decentralized applications. It often relates to the accessibility and quality of on-chain information.
Context ∞ Discussions surrounding data utility in decentralized networks often center on oracle services and the integration of real-world data. Ensuring the accuracy and reliability of external data sources remains a key area of development and debate. The ability to extract meaningful insights from blockchain data is crucial for market analysis and protocol optimization, driving innovation in data analytics tools.