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Bitcoin
Bitcoin (BTC)
$101,150.00 -0.20203
Bitcoin price
Ethereum
Ethereum (ETH)
$3,862.32 -1.08408
Ethereum price
BNB
BNB (BNB)
$714.01 -1.72973
BNB price
Solana
Solana (SOL)
$217.93 -2.63909
Solana price
XRP
XRP (XRP)
$2.40 -0.83189
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000273 -3.24957
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -6.03292
Pepe price
Bonk
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$0.0000363 -4.64368
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dogwifhat
dogwifhat (WIF)
$2.83 -3.10955
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Popcat
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$1.09 -9.41338
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Bitcoin
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$101,150.00 -0.20203
Bitcoin price
Ethereum
Ethereum (ETH)
$3,862.32 -1.08408
Ethereum price
BNB
BNB (BNB)
$714.01 -1.72973
BNB price
Solana
Solana (SOL)
$217.93 -2.63909
Solana price
XRP
XRP (XRP)
$2.40 -0.83189
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000273 -3.24957
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -6.03292
Pepe price
Bonk
Bonk (BONK)
$0.0000363 -4.64368
Bonk price
dogwifhat
dogwifhat (WIF)
$2.83 -3.10955
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Popcat
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$1.09 -9.41338
Popcat price
Bitcoin
Bitcoin (BTC)
$101,150.00 -0.20203
Bitcoin price
Ethereum
Ethereum (ETH)
$3,862.32 -1.08408
Ethereum price
BNB
BNB (BNB)
$714.01 -1.72973
BNB price
Solana
Solana (SOL)
$217.93 -2.63909
Solana price
XRP
XRP (XRP)
$2.40 -0.83189
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000273 -3.24957
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000233 -6.03292
Pepe price
Bonk
Bonk (BONK)
$0.0000363 -4.64368
Bonk price
dogwifhat
dogwifhat (WIF)
$2.83 -3.10955
dogwifhat price
Popcat
Popcat (POPCAT)
$1.09 -9.41338
Popcat price

Telegram bot BonkBot tops $250m in daily trading volume

telegram-bot-bonkbot-tops-250m-in-daily-trading-volume
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News
Telegram bot BonkBot tops $250m in daily trading volume

A Telegram trading bot for Solana-based memecoin has reached the $250 million mark in daily trading volumes, outpacing Coinbase’s entire Base chain.

The meme coin frenzy appears to be signaling signs of reaching its top as even trading bots now rivaling entire sidechains in trading activity. According to data from analytical service Dune, BonkBot, which facilitates trading of Solana’s meme coin BONK, has reached an impressive daily trading volume of $251 million, generating nearly $1.4 million in fees.

Telegram bot BonkBot tops $250m in daily trading volume - 1
BonkBot’s trading volume and fees | Source: Dune

For comparison, data from DefiLlama shows that the Coinbase-powered Base sidechain recorded approximately $212 million in daily trading volume, while Polygon witnessed $156.8 million. Should its growth trajectory continue, BonkBot’s next target would be Thorchain, which boasts a trading volume of $307 million as of Mar. 19.

Telegram bot BonkBot tops $250m in daily trading volume - 2
Trading volume by chains | Source: DefiLlama

Despite the exponential growth in trading volume, the BONK token itself is facing challenges, experiencing a 21% decline to $0.0000204, according to CoinMarketCap. Originally conceived by Solana enthusiasts in the aftermath of FTX’s collapse in November 2022, BONK aims to boost optimism within the Solana ecosystem. It has swiftly gained traction within Solana’s community, serving as an incentive for various applications built on the blockchain.