The Gambling industry in the US is worth more than $261 billion
One of the most profitable web3 sectors is Gambling
5 GambleFi/ Gambling tokens I'm watching for TGE szn 👇
Remember the house always wins in the long run?
This is what makes GambleFi projects money printing machines
Before diving in, I'd kindly ask for you to engage with the first tweet - it helps a lot and encourages me to keep bringing free educational content to you :)
These projects utilize smart contracts to manage and execute bets, calculate winnings, and distribute them.
This removes the need for trust, as everything is implemented on a blockchain.
1️⃣ WINR Protocol
WINR offers a liquidity pool (WLP) and infrastructure for building games and casinos using the WINR Engine.
Projects built on WINR utilize the deep liquidity and verifiable randomness that it provides.
WINR is taking this further with the expected launch of the WINR Chain, which will be a dedicated blockchain for optimized gambling for both developers and users.
It will feature low gas fees, on-chain random number generation, lightning-fast transactions, and AA
There are currently 3 products utilizing WINR:
• JustBet: Frontend for casino games that has been live since WINR launched.
• Degens Bet: Perps trading platform that offers up to 100x leverage on ETH & BTC.
• 0xSportsbets: Sports betting platform
Degens bet is less than a month old but has seen volume of almost $150m
Justbet has amassed a total volume of $65m since launch with over 4m bets placed
This piece by @TheDeFISaint covers WINR pretty well p👇
twitter.com/TheDeFISaint/status/1721811676150772222
2️⃣ SX Bet
Another project with a dedicated blockchain optimized for betting is @SX_Bet, which offers the infrastructure for sports betting.
However, unlike other sports betting products that use a sportsbook, SX Bet uses a p2p model where users can offer and take bets.
Every straight bet on SX Bet has a 2.00% fee on profits, and parlay bets have a 5% fee. 100% of this fees goes to token holders as revenue.
Since the beginning of the year, SX has generated a cumulative revenue of almost 950k USD.
Although users earn additional SX tokens for winning bets, the revenue generated is more than the token incentive so the protocol has been profitable.
While SX Bet is built on its own blockchain, @BetSwirl employs a totally different business model.
The protocol is currently deployed on BSC, Polygon, Avalanche, Ethereum, and Arbitrum.
It offers casino games, PvP games like Russian roulette, and player vs. house games like dice and roulette.
The platform also offers sports betting powered by the Azuro protocol.
Bitswirl has also been very successful, with a cumulative revenue of over 600k YTD
The protocol is very profitable with earning outpacing token incentives.
At a 3m FDV, it has an impressive price-to-earnings ratio of 19x.
3️⃣ Azuro
Azuro is pretty underrated. It is similar to WINR, offering infrastructure and deep liquidity to facilitate on-chain betting.
Anyone can launch a betting frontend on the Azuro protocol and become an LP to earn revenue from usage.
Azuro takes 60% of the revenue that the front end generates.
The Azuro protocol takes care of things like odds and payouts.
Users can interact with the protocol through these frontends.
They include:
→ Frontend gambling dApps
-Bookmakerxyz
-Betswirl
-DexWin
-JuicyBet
-Normies
-Gamblr
→Telegram Bots
- HausBot
-BookieBot
-BoxBet
-CoWager
Their token has not been launched yet, but the airdrop has been publicly announced.
There are many ways to accumulate Azuro Score points:
- Interact with Azuro's Smart Contracts on any frontend
- LP to Azuro's gambling layer for front-ends to use.
- Place bets
twitter.com/azuroprotocol/status/1699471273967911031
4️⃣ Rollbit
And now we shift our focus to the middle point between Web2 and Web3 betting: crypto casinos.
Crypto casinos don't use smart contracts, they simply use crypto for betting. The obvious market leader in this sector is Rollbit.
Rollbit is a revenue-generating machine with its 3 products:
• Casino
• Sportsbook
• 1000x leverage futures
In the last 30 days, these products have generated a revenue of over $44 million.
A percentage of revenue is used to buy back and burn RLB:
• 10% from casino
• 20% from sportsbook
• 30% from leverage futures
Over 37% of the RLB supply being burned.
Rollbit is pushing to mainstream users by partnering with SSC Napoli, a big soccer team in Italy
5️⃣ Shuffle
Perhaps the most hyped-up GambleFi project now, as the main contender to Rollbit.
Shuffle features an impressive array of casino games and slots, as well as sports betting.
They recently announced an airdrop of $SHFL
twitter.com/shufflecom/status/1718986928471900553?s=20
It's still pretty early with just under 11K unique users.
One thing that is common with all of these mentioned products is that they have been profitable.
It appears that the only niche with strong revenue fundamentals are Gambling tokens.
As for unlaunched tokens, I yeeted some money to farm airdrop bags - mentally wrote it off.
This is NFA, you're most likely to take an L against the house. But in the name of airdrop farming, its a tradeoff I'm willing to make.
Surf
@0xsurferboy
Analyst | Deep Dive Threadooor Covering Untapped and Overlooked Projects and Narratives Twitter 👇