The cryptocurrency industry has become a major part of the economy. According to CoinMarketCap, cryptocurrencies have had a total market cap of over $1 trillion. There are also over 20,000 cryptocurrencies in the world. Each of these coins and tokens are created to generate some cash. In this article, let us look at some of the top dApps that made money in the past 3 months.
OpenSea
OpenSea is a leading player in the NFT industry. It is the biggest NFT ecosystem in the world. It simply makes it possible for people to buy and sell Non-Fungible Tokens (NFT). In the past few years, OpenSea has helped to process NFTs worth billions of dollars.
OpenSea also makes a lot of money. In the past 3 months, it has been the most cash-positive platform in the industry. It had a revenue of over $27 million. In the past 365 days, it has made over $405 million, making it the best-performing dApp in the industry.
dYdX
dYdX is another dApp that makes a lot of money. For starters, dYdX is a leading player in decentralized finance (DeFi). It makes it possible for users to buy cryptocurrencies and trade derivatives like perpetual futures. The network is known for providing some of the lowest fees in the industry.
According to CoinMarketCap, dYdX handled over $1.7 billion in cryptocurrencies in the past 24 hours. This makes it the biggest DEX in the world followed by Uniswap, which handled $1.4 billion. According to TokenTerminal, its revenue was over $19.8 million. Its revenue in the past 365 days was over $115 million.
GMX
GMX is another DEX that provides similar services to dYdX. It is a DEX based on Avalanche and Arbitrum. In the past few months, the network has seen the amount of volume increase. GMX was one of the top beneficiaries of the collapse of FTX since it offers similar services. GMX made over $11.3 million in the past 90 days and over $34 million in the past 365 days.
PancakeSwap
PancakeSwap is a leading DEX built on the BNB Chain ecosystem. It has recently expanded to other blockchains like Aptos and Ethereum. PancakeSwap has a total value locked (TVL) of more than $3.69 billion. In addition to crypto trading, the network makes it possible for users to trade non-fungible tokens (NFTs) and even make predictions. PancakeSwap generated over $9.7 million in the past 3 months and over $87 million in the past 365 days.
Other dApps that have made a lot of money in the past 12 months are Convex Finance, Ethereum Name Service (ENS), MakerDAO, and Synthetix.
