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Crypto Projects That Actually Make Solid Revenue
In a surprising turn of events, several crypto projects have managed to generate significant revenue in 2024. NEAR Protocol took the top spot by reporting $6.08 million in revenue, followed closely by OriginTrail which raked in an impressive $5.55 million.
NEAR Protocol’s substantial revenue can be attributed to its scalable solutions for decentralized applications (dApps) and AI workloads. The platform has gained widespread adoption across various sectors, including gaming, DeFi, and digital ownership. Its tools enable developers to create efficient dApps that meet industry needs.
OriginTrail, on the other hand, achieved $5.55 million in revenue through its Decentralized Knowledge Graph (DKG) solution. This technology enables businesses to manage, verify, and organize data for AI-driven solutions. Global organizations such as Oracle, Walmart, and the British Standards Institution rely on OriginTrail’s tools to enhance data integrity.
The Internet Computer took third place with $2.22 million in revenue. The platform provides blockchain-based cloud infrastructure that eliminates reliance on centralized providers like AWS. This allows developers to create scalable AI and Web3 applications without central dependencies. Its integration of AI and blockchain enables efficient deployment of decentralized applications.
In fourth place, Render Network generated $1.92 million in revenue by providing GPU-based distributed rendering services for 3D creators, animators, and AI developers. The platform’s decentralized rendering power allows for efficient processing of workloads for animations, graphics, and AI model training.
The Graph followed closely with $1.35 million in revenue, offering indexing solutions for decentralized networks to make blockchain data accessible to AI applications and dApps. Protocols such as Uniswap and Aave use The Graph’s services to retrieve blockchain data securely and efficiently.
Akash Network took sixth place by reporting $1.05 million in revenue through its decentralized cloud computing infrastructure. The platform provides a cost-effective and flexible alternative to centralized providers, allowing developers to deploy AI workloads faster and more efficiently.
Livepeer, a decentralized video transcoding and streaming platform, earned $0.31 million in revenue. Its scalable, secure video streaming services have made it an essential tool for web3 platforms and content creators.
It’s noteworthy that these projects have not only generated significant revenue but also demonstrated their commitment to innovation and adaptability in the fast-paced crypto landscape.
Source: coinchapter.com
