Trojan's success reflects the greater trend of bot adoption over several blockchain systems as well as a monument to the growing dependence on automated trading.
A Dune panel dedicated to whale_hunter has revealed that trading volumes of Solana Telegram bots reached a peak of $211 million in a single day. Among the numerous bots on the platform, Trojan stood out with the highest performance, boasting a trading volume of $93.7 million, which constitutes approximately 44.4% of the total daily transactions.
Trading bot plays a vital role in the widespread adoption of the bot system across multiple blockchain systems and serves as a testimony to the growing adoption of automated trading. A trading bot is essential in cryptocurrency ecosystems, providing users with faster and more efficient transaction speeds.
With the growing popularity of these trading bots, they are becoming increasingly significant in driving the adoption of the decentralized finance (DeFi) space.
Meanwhile, other Telegram-based bots are also witnessing a comparable surge. As previously covered by a CNF report, another prominent trading bot, known as Unibot, has seen a remarkable increase in both user engagement and revenue since integrating with the Solana blockchain.
The token of Unibot is a clear indication of its rising popularity, as its value has surged by 85% over the last month. Furthermore, the platform offers lucrative incentives to its token holders, which is further boosting engagement from the crypto community.
However, not all Solana bots have had a smooth ride. Recently, there have been some concerns regarding BonkBot, a Solana network bot used for trading meme tokens like BONK. As we previously reported, Mishaboar, a prominent Dogecoin developer, raised concerns about a possible BonkBot hack.
This sparked a lot of discussion and attention within the community regarding the bot's security. In response to these concerns, the BonkBot development team quickly clarified that the alleged vulnerabilities were present elsewhere within the ecosystem and not directly related to their bot. They assured users that BonkBot itself remained fully functional and secure.
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