Recent, Updates, and Notifications
These lists are unique to your account, and meant to help you access your most important files and folders. They are displayed in the Dropbox desktop app, Dropbox mobile app, and dropbox.com.
Your list of Recent files displays files that you recently opened and/or edited.
My activity and Team activity are options for Dropbox Business users in the Recent list in the dropdown from your system tray/menu bar. It lets you choose to see only files that you recently edited or files that your whole team has edited.
Your list of Updates displays updates that were recently made to your Dropbox files and files that you share.
Your list of Notifications displays recent activity on your Dropbox files and files that you share. Notifications also pop up on your desktop.
Learn more about notifications and how to turn them on and off.