Original author: dt, DODO Research
Original editor: Lisa
As one of the few hot tracks this year, how is the once popular TG Trading BOT track performing now? Today Dr. DODO will take you to find out. Let us take August 17, the publication date of the Binance Research report as a point in time, and compare the changes in the TG Trading Bot track map in the past two and a half months? What is the development of Maestro, Unibot and Banana Gun, which originally held the leading position?
Data comparison
In terms of the overall data of the entire track, whether in terms of transaction volume, Tx number or users, the TG Trading Bot track has dropped significantly compared to the data during the summer vacation. The trading volume has dropped from the peak of nearly 30M US dollars per day to about 10M. The number of Tx has dropped from the daily maximum of 80K to 40K. The number of users has been the data with the smallest correction. The average daily users are still maintained at around 10 K.
Daily trading volume data Source: https://dune.com/whale_hunter/dex-trading-bot-wars
Daily Tx count data Source: https://dune.com/whale_hunter/dex-trading-bot-wars
Daily user data Source: https://dune.com/whale_hunter/dex-trading-bot-wars
Then looking at the TG Trading Bot market landscape, Maestro still ranks first, accounting for more than half of the users. Banana Gun has continued to grow steadily, and its data has improved significantly after the currency was issued. In early September, it successfully surpassed Unibot and ranked second. Currently, the number of users accounts for about 35%. Unibots data continued to fall after the currency price ATH, and the number of users fell below 10%.
Source: https://dune.com/whale_hunter/dex-trading-bot-wars
Maestro is still the leader in this field with its long-term community support, but its market share has gradually declined from the absolute leader in the market to nearly 70% to almost below 50%.
Banana Gun attracted many new users with its early airdrop expectations, and consolidated its user base with its high-quality MEV Bribe Snipe token sniping function and lower 0.4% service fee than other competing products. Products are also constantly being introduced, and the recently launched limit order with Bribe function has also made many users very profitable and has been well received. Banana Gun occupies a leading position in MEV Bribes function of sniping new coins. In the past ten days, the number of Banana Gun users bribing MEV Builder has exceeded 1700 E, which is much higher than Maestros 65 E. Unibot has not yet had this function.
Source: https://dune.com/queries/3056051
Compared with the first two, Unibot has not made many improvements in its products. With the decline of tokens, the advertising effect has also disappeared. FriendTech Bot has failed in product updates, with an average number of daily users of less than 10. When the main business technology is lagging behind, dividing and adding new businesses gives people the feeling that the project side is speculating on currency as the main product and secondarily.
Source: https://dune.com/whale_hunter/unibot-revenue
safety
Although the projects on the TG Trading Bot track have never boasted about their security, and their target users are the Degen group with a higher risk factor, the two recent hacker attacks have also caused a lot of blows.
On October 24, Maestro updated its routing contract, but this contract was hacked due to a vulnerability in the smart contract code, causing users to lose more than 280 ETH. However, later on, the Maestro project team showed a high degree of sincerity and repaid a total of nearly 610 ETH after fixing the vulnerability, which was highly praised by the community.
Less than a week later, on October 31, Unibot also suffered a hacker attack due to a code vulnerability in the updated routing contract, causing users to lose approximately 355 ETH. Its token $Unibot also fell by 50% in response. Currently, Unibot claims that it has fully compensated users for their losses, and the token price has also returned to the pre-incident level.
TG Trading Bot has always been an alternative that sacrifices security for convenience. Not Your Key Not Your Money users should remember to pay attention to risks when using this type of application and mainly invest small amounts.
rising star
Although the top three projects currently account for nearly 90% of the TG Trading Bot track market, there are still many up-and-coming projects actively challenging it, including many project developers with well-known backgrounds.
PepeBoost: Pepeboost mainly targets the Chinese community. The community-led currency speculation method has attracted many users. It currently ranks fourth in the market share ranking. According to the project team, its copy trading function has surpassed Maestro.
Shuriken: The characteristic of Shuriken is that in addition to TG Bot, the Dapp on the web page provides users with many convenient billboard functions, allowing users to monitor smart addresses or popular tokens, etc. It also launches point badges to attract many airdrop hunters. .
Alfred: Alfred is currently the most mentioned TG Bot project. The reason is not because its product has particularly outstanding features, but because its background is amazing. The Alfred team was founded under the real name of Flashbots co-creator Stephane Gosselin. Recently, many TG Bot projects have been hacked, which has greatly increased peoples concerns about security. Alfred, who has a real name and a highly rated background, has been favored by many people, and it has also introduced a points mechanism, allowing many airdrop hunters to participate.
Authors opinion
The TG BOT field has always been a track that the author focuses on and is very interested in. In the author’s opinion, it is an inevitable process for blockchain to popularize this convenient application.
Although currently observed, the data has dropped significantly compared to when the popularity was high, but overall it is still quite healthy. The data correction is likely related to the market trend. The overall market rebound has led to an increase in the Gas Fee on the chain. This corresponds to the absence of the wealth-making effect of Memecoin on the chain, and Degen users on the chain have transferred BTC-derived applications to a considerable extent. Back to the TG BOT track, not only the leading projects are still being updated, but also several new projects have been added, including the participation of the founder of Flashbot, which means that not only Degen users are paying attention to developers with formal backgrounds They also take it seriously.
