Can Injective (INJ) make money with dynamic DApps and Smart Contracts? - Empresa-Journal (2024)

FAQs

Can you make money with DApps? ›

Transaction fees

Charging users for availing your service can be one of the most profitable ways to make money by developing dapps. This is one of the most popular ways if you are looking to make money with ethereum dApp.

INJ is the native token of Injective Protocol, a blockchain protocol optimized for trading assets across different blockchains. It specializes in tokenized derivatives, including stock tokens – cryptocurrencies pegged to the price of stocks like Apple and Google.

A straightforward app developed by a modest company with fewer than 50 employees can cost between $2,000 and $25,000. Additionally, engaging a mid-sized firm costs between $25,000 and $200,000. Large, reputable businesses charge significantly more for dApp development, beginning between $300,000 and $450,000.

Injective is a Layer 1 blockchain, meaning it operates its own independent network rather than being built on top of another blockchain (like many Layer 2 solutions). This network is fine-tuned for trading applications, offering features tailored to the needs of DEXs and other DeFi platforms.

Ethena has become the highest-earning decentralized application (DApp) after breaching $6.8 million in daily cumulative revenue over the past week, according to a March 8 X post by Seraphim Czecker, head of growth at Ethena Labs. Top projects by 7-day cumulative revenue.

The smart contract developer has two main on-chain methods for monetizing their work: launch a token that is required to use the protocol, have a sale, hold back a significant proportion, and then make profits by selling more as the token price rises. charge a commission for using the smart contract.

It has moved by -6.40 % in the past week and is currently at $24.12. Infact, in the past 24 hours, INJ has pumped by 2.94 %. There is a slight bullish sentiment in the crypto market. The long term sentiment, however, remains bullish and INJ could hit $124.47 in 2025.

Today's price of INJ is $25.70, with a 24-hour trading volume of $74.37M. INJ is +6.46% in the last 24 hours, with a circulating supply of 90.54M INJ coins and a maximum supply of -- INJ coins.

2 Trading Volume and Network Activity

The recent growth in the INJ price also comes at the heels of strong trading volume and rising network activity. The high trading volume, currently over $300 million, indicates increased liquidity, and investor engagement sustains the price pump.

Some popular and top DApp browsers include MetaMask, Trust Wallet, Coinbase Wallet, and MyEtherWallet. These browsers have become increasingly popular in recent years as more and more people have started using blockchain technology and decentralized applications.

Is DApp a smart contract? ›

Many of the advantages of dApps center around their ability to safeguard user privacy. With decentralized apps, users do not need to submit their personal information to use the function the app provides. DApps use smart contracts to complete transactions between two anonymous parties.

Injective Protocol is built on the Ethereum blockchain and Cosmos SDK. It creates a decentralized platform where users can trade various financial assets like stocks, futures, and options worldwide without a central authority. This setup ensures users have complete control over their assets.

Addressing the pivotal question of INJ's potential trajectory, while acknowledging its capacity for significant growth, it is improbable that INJ will dethrone Solana in the next market surge. However, uncertainty looms, and the future remains unpredictable.

The Injective Protocol is built on the Cosmos blockchain as a Layer 2 application. The protocol uses cross-chain bridges which allow traders to access cryptocurrencies from platforms such as Ethereum and Polkadot.

With more than 2.8 million users and $9.9 billion in total value locked (TVL), PancakeSwap is the most widely used decentralized network. PancakeSwap, which debuted in early 2020, enables users to purchase and trade CAKEs, the dApp's native currency, using a number of different cryptocurrencies.

Low liquidity within a dapp can make it difficult to buy or sell tokens at your desired price. This can lead to high slippage (the difference between the expected price of an order and the price where the order actually executes) which can cause partial loss of funds when executing a trade.

dApp Uses. DApps have been developed to decentralize a range of functions and applications and eliminate intermediaries. Examples include self-executing financial contracts, multi-user games, and social media platforms. DApps have also been developed to enable secure, blockchain-based voting and governance.

A decentralised application (DApp, dApp, Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. Like traditional applications, DApps provide some function or utility to its users.