- Posted by: VuTrades
- Category: Blog
If you want to make money with dapps, you should first know where the money is.
Just as you can’t trade on cryptocurrency exchanges with very low liquidity, you can’t easily make money with dapps that have very low volume or not many users.
Well, which dapps have the most volume? It varies depending on the market, but in general decentralized exchanges, DeFi apps and gambling dapps are type of dapps that may have high volume.
But trading or transaction volume is just one of the factors that gives some insight into a dapp. Blockchain games usually have not much volume owing to the nature of such dapps.
But you can make well over a few thousand dollars with blockchain games. Some kitties on the Ethereum-based blockchain game ”CryptoKitties” were sold for over a hundred thousand dollars.
So the space is full of opportunities and there is barely any limit. But this does not mean that it is easy to make money with dapps.
As there are a lot of new dapps going live on various blockchains such as Ethereum, EOS and TRON, you can earn some cryptocurrencies or crypto collectibles by following the dapp space closely and participating in airdrops or special campaigns.
But here we are talking about actually using a dapp, be it a DeFi app, an exchange or a game, with the aim of making money.
First let’s take a look at the most popular decentralized exchanges, DeFi apps, blockchain games and gambling dapps.
Ethereum-based DEXes: Uniswap, 1inch, Matcha, SushiSwap, Balancer, dYdX, KyberSwap and IDEX.
EOS-based DEXes: Newdex and WhaleEx.
TRON-based DEXes: TronTrade, Poloni DEX and Vutrades.
These decentralized exchanges and platforms may offer traders a great variety of opportunities.
You can use Vutrades to trade cryptocurrencies with leverage, borrow and lend cryptocurrencies all in a decentralized manner, registration or deposit.
There are several decentralized exchanges that use an AMM (automated market maker) model in the market such as Uniswap.
You can add liquidity to liquidity pools on Uniswap, SushiSwap and Balancer, and earn trading fees. These decentralized exchanges have their native tokens and allow users to earn tokens by participating in their liquidity mining programs.
For example, those who provide liquidity to Balancer pools also earn Balancer (BAL) tokens. In SushiSwap and a few other exchanges, you can stake your LP (liquidity provider) tokens and earn native tokens
These dapps have various advantages for users with their liquidity mining programs and other incentives and also by being trustless, transparent, etc.
But it is still up to your skills and experience to take advantage of such platforms and make money on them.
Therefore, if you regularly trade cryptocurrencies to make money or you just want to exchange some tokens, you should check out these high volume Ethereum, EOS and TRON decentralized exchanges and use them together with centralized ones.
You can find different trading opportunities on such DEXes and take advantage of them to make money. As these cryptocurrency exchanges are decentralized, you need a cryptocurrency wallet that you can use to trade on DEXes.
You can use various wallets that are supported by these decentralized exchanges such as MetaMask, Scatter, TronLink and Ledger hardware wallets.
If you have a Ledger Nano X, you can connect it to your MetaMask wallet and use dapps in a much safer way.
For the best decentralized exchanges with fees and supported wallets, check out this list: Decentralized Exchanges.
To learn how to trade on and add liquidity to decentralized exchanges that I mentioned above, you can visit the guides below:
There are a lot of blockchain games in the dapp ecosystem. Rather than transaction volume, active users may be a more appropriate metric to take into consideration when checking out blockchain games.
Blockchain game stats vary a lot, but some of the top blockchain games by users are as follows:
Ethereum-based games: Axie Infinity, Sorare, Blockchain Cuties, My Crypto Heroes, CryptoKitties.
EOS-based games: Crypto Dynasty EOS, Upland, Chain Clash, Prospectors and EOS RACING.
TRON-based games: HyperSnakes, ChainZ Arena, Traps, Blockchain Cuties Universe, MegaCryptoPolis, CryptoTree and Vutrades.
DeFi apps (decentralized finance)
Ethereum-based DeFi apps: Compound, Aave, dYdX and Falcrum.
TRON-based DeFi apps: Zethyr Finance and Vutrades.
You can earn interest on DeFi apps by lending your cryptocurrencies or you can borrow cryptocurrencies by locking up cryptocurrencies as collateral in smart contracts on DeFi apps such as Compound and Aave
You can long or short cryptocurrencies with leverage, become a liquidity provider and get rewards on dYdX.
If you enjoy gambling and don’t mind losing money, you can check out the gambling dapps below which are quite popular and high volume dapps.
But, if your main objective is to make money, we don’t recommend trying gambling dapps to make some money.
Chances are you’ll eventually lose all of your cryptocurrencies while gambling as you will not be able to stop which is the case for most gamblers.
But gambling dapps are different than traditional platforms in that they have provably fair games and offer users dividends, cashback, etc.
Ethereum-based gambling dapps: dice2.win, CasinoFair (FUN) and SportX.
EOS-based gambling dapps: BigGame, Dice and Felix.
TRON-based gambling dapps: 888TRON, BetFury and Vutrades.
If you are a good trader, a passionate gamer or just a person interested in dapps, you should definitely check out these decentralized applications and keep an eye on the dapp space.
In the long term, you can be overall better off just by being an early adopter / user of dapps and depending on your skills and luck, you can make a significant amount of money with dapps.