We review some of the phenomenology in 4D dynamical triangulation and explore its interpretation in terms of a euclidean effective action of the continuum form4D Dynamical Triangulation (DT) is a formulation of purely euclidean geometrodynamics [1]. Its customary canonical partition function readswhere the summation is over all distinct triangulations T (describing simplicial manifolds) with S 4 topology and N k , k = 0, 1, . . . , 4 is the number of k-simplices. The way the model is derived shows that κ 2 ∝ 1/G 0 , with G 0 the bare Newton constant. In this talk I explore a tentative continuum interpretation of the model, described by the effective theoryHere the path integral is over real metrics modulo coordinate transformations, G denotes a renormalized Newton constant and the · · · indicate higher derivative terms like R 2 , etc. There may also be nonlocal terms related to the conformal anomaly [2]. The integral over µ produces the volume fixing delta function δ( d 4 x √ g − V ). If this integral were done in the saddle point approximation, the saddle point value µ c would be related to a renormalized cosmological constant byIn general the higher order terms may be present in an effective action. Here we ex-pect them to regulate the unboundedness of the Einstein-Hilbert part in the ultraviolet. The underlying DT model is finite and the nontrivial results of numerical simulations show that the action is not stuck at its minimum value in the relevant κ 2 range. So entropy effects somehow provide a regulating effect which can be implemented in S eff through the higher order terms.Let us now go through some of the DT phenomenology found in numerical simulations and compare this with the effective action (3). 1. There is a crumpled phase (κ 2 < κ c 2 ) and an elongated phase (κ 2 > κ c 2 ), which has characteristics of a branched polymer [3]. Since κ 2 ∝ 1/G 0 this suggests that the effective theory also has a transition at some value of 1/G, presumably near 1/G = 0. 2. Recent evidence [4] indicates strongly that the transition between the two phases is first order. This is often seen as a disaster for a continuum interpretation. However, we have suggested earlier [5] that continuum behavior may be automatic without tuning to a second order phase transition. This happens in DT in two dimensions. A field theoretic example is provided by the purely discrete Z(n) gauge-Higgs systems. For sufficiently large but finite n these models have a Coulomb phase with massless photons and a Higgs phase separated by a first order transition [6]. The models can approximate the continuum abelian Higgs model arbitrarily well. Analysis of the continuum model shows the possibility of a first order phase transition. 3. Continuum behavior is supported by evidence