As one of the hot topics in the current year, how is the once popular TG Trading BOT performing? Today, Dr. DODO will take you on a journey to explore the current state of TG trading bot. Let’s compare the changes in the TG Trading Bot landscape over the past two and a half months, starting from the publication date of Binance Research’s report on August 17th. How have the leading players, Maestro, Unibot, and Banana Gun, performed in their respective developments?

Data Comparison

In terms of overall data for the entire track, TG Trading Bot has shown a significant decline compared to the summer data, regardless of trading volume, Tx count, or users. The trading volume has dropped from a peak of nearly $30 million in daily trading volume to approximately $10 million currently. The Tx count has decreased from a daily high of 80K to 40K, while the number of users has experienced the least decline, with an average of around 10K users per day.

Daily transaction volume. Source: https://dune.com/whale_hunter/dex-trading-bot-wars

Daily Tx Data Volumn. Source: https://dune.com/whale_hunter/dex-trading-bot-wars

Daily User data. Source: https://dune.com/whale_hunter/dex-trading-bot-wars

Next, let’s take a look at the market share of TG Trading Bot. Maestro still holds the top position, with over half of the users. Banana Gun, on the other hand, has been steadily growing and has seen significant improvement in data after the token launch. In early September, it successfully surpassed Unibot and secured the second position, with approximately 35% of the users. However, Unibot has experienced a continuous decline in data after reaching its all-time high (ATH) in coin price, and the number of users has dropped below 10%.

Source: https://dune.com/whale_hunter/dex-trading-bot-wars

Maestro, with its long-standing community support, is still the leader in this field. However, its absolute market dominance has been gradually declining from close to 70% market share and is now approaching the 50% mark.

Banana Gun initially attracted many new users through the anticipation of airdrops, and solidified its user base with its high-quality MEV Bribe Snipe token sniping feature and a lower 0.4% service fee compared to other competitors. The product continues to innovate, and the recently launched limit order with the Bribe feature has allowed many users to profit greatly, receiving high praise. Banana Gun holds a leading position in the functionality of MEV Bribe sniping for new coins. In the past ten days, the data of Banana Gun users bribing MEV Builders has exceeded 1700E, far surpassing Maestro’s 65E. Unibot, on the other hand, has yet to introduce this feature.

Source: https://dune.com/queries/3056051

Compared to the previous two, Unibot has not made many improvements to its product. With the decline in token value, the advertising effect is also diminished. The introduction of FriendTech Bot in product updates is a big failure, with less than 10 daily active users. It gives people the feeling that the project is primarily focused on speculative trading, with the product being secondary, especially considering the outdated technology in its main business.

Source: https://dune.com/whale_hunter/unibot-revenue

Security

Although the projects on the TG Trading Bot track have never boasted about security, their target users are already the high-risk Degen community. However, the two recent hacking incidents have also caused significant setbacks.

On October 24th, Maestro updated its routing contract, but this contract was hacked due to a smart contract code vulnerability, resulting in users losing over 280 ETH. However, subsequently, the Maestro team demonstrated great sincerity by refunding nearly 610 ETH after fixing the vulnerability, earning high praise from the community.

Less than a week later, on October 31st, Unibot also encountered a code vulnerability in its updated routing contract, leading to a hacker attack and causing users to lose approximately 355 ETH. Its token, $Unibot, also plummeted by 50%. According to Unibot, they have fully compensated for the user losses, and the token price has returned to pre-incident levels.

TG Trading Bot has always been an alternative solution that prioritizes convenience over security. Users who are familiar with Not Your Key Not Your Money should be mindful of the risks when using such applications and focus primarily on making small investments.

Rising Stars

Currently, the top three projects in the TG Trading Bot race market occupy nearly 90% of the market share. However, there are still many up-and-coming projects actively challenging them, some of which have well-known backgrounds.

PepeBoost: Pepeboost primarily targets the Chinese community and has attracted many users through community-led coin speculation. Currently, it ranks fourth in market share rankings. According to the project team, its copy-trading feature surpasses Maestro.

Shuriken: Shuriken stands out with its web-based Dapp in addition to its TG Bot, providing users with many convenient dashboard features. It offers functions such as monitoring smart addresses or popular tokens, and has also introduced a points badge to attract many airdrop hunters to use it.

Alfred: Alfred is currently the most mentioned TG Bot project, not because its product has particularly outstanding features, but because of its astonishing background. The Alfred team was founded by Stephane Gosselin, co-founder of Flashbots, and a series of recent incidents of TG Bot projects being hacked have greatly increased concerns about security. With its real-name registration and highly acclaimed background, Alfred has gained the favor of many people. It has also introduced a points mechanism, attracting many airdrop hunters to participate in its use.

Author’s Opinion

TG BOT has always been a field that I have focused on and been very interested in. In my opinion, the popularization of blockchain through user-friendly applications such as TG Bots is one of the inevitable processes.

Although there has been a significant decline in data compared to the peak of its popularity, overall it remains quite healthy. The data correction is likely related to market trends, as the overall market recovery has led to an increase in on-chain Gas Fees. Additionally, the meme coin wealth effect on the chain has diminished, and a considerable number of Degen users have shifted their focus to BTC derivatives applications. Returning to the TG BOT track, not only are leading projects continuously being updated, but there are also several new projects joining. Among them, there is even the participation of the founder of Flashbot, which signifies that not only Degen users but also legitimate developers with backgrounds are actively paying attention.

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