Top 10 Fastest Ways I Make Money With Python Using (DeFi) Projects

Ava Thompson
Coinmonks
3 min readOct 25, 2023

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Photo by Kanchanara on Unsplash

Hey there, fellow Python enthusiasts! Today, I’m excited to share my top 10 fastest ways to make money with Python using DeFi (Decentralized Finance) projects. DeFi has taken the cryptocurrency world by storm, and Python, with its versatility and extensive libraries, is a fantastic tool to harness this financial revolution. In this article, I’ll provide code snippets and explanations for each method, so you can start your DeFi journey and potentially increase your income.

1. Fetching Token Prices

To get started, you’ll need the latest token prices. Using the requests library, you can fetch this data from popular APIs like CoinGecko. Here's a code snippet to get the current price of Ethereum (ETH):

import requests

def get_eth_price():
url = 'https://api.coingecko.com/api/v3/simple/price?ids=ethereum&vs_currencies=usd'
response = requests.get(url)
data = response.json()
return data['ethereum']['usd']
eth_price = get_eth_price()
print(f"Current Ethereum Price: ${eth_price}")

2. Automated Trading Bots

Python is excellent for creating trading bots. You can use libraries like ccxt to interact with various cryptocurrency exchanges. Here's a simple example:

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Ava Thompson
Coinmonks

Ava Thompson, Python prodigy and founder of TechNova Solutions, sold her AI startup for millions. A visionary leader. 💰 Free E-Book 💰: https://rb.gy/90w45