This theme, as the name suggests, is a colorful theme and full of life. It is a two column theme with widget support.

Ideally suited for niches like fashion and lifestyle, the theme can also be used for general topics.

Lively Theme

You can use plugins to add Adsense code to this theme. Adsense on the posts would pobably get the highest CTR. Try to use colors that match with with the theme color. 

This theme is free to use as long as you do not tamper with the footer links. The sponsors for this theme are Alive Web directory and Big Web Links Directory.

You can see a demo here and download the theme here.