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Ethereum
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$3,407.42 -0.28487
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BNB
BNB (BNB)
$568.20 -0.71358
BNB price
Solana
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$157.17 0.15563
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XRP
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$0.5698040 -7.35137
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Shiba Inu
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$0.0000170 -9.42302
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000113 -5.19827
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Bonk
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$0.0000260 -4.70643
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Bitcoin
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$63,606.00 -1.57031
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Ethereum
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$3,407.42 -0.28487
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BNB
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$568.20 -0.71358
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Solana
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$157.17 0.15563
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XRP
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$0.5698040 -7.35137
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Shiba Inu
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$0.0000170 -9.42302
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Pepe
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$0.0000113 -5.19827
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Bonk
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$0.0000260 -4.70643
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Bitcoin
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$63,606.00 -1.57031
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Ethereum
Ethereum (ETH)
$3,407.42 -0.28487
Ethereum price
BNB
BNB (BNB)
$568.20 -0.71358
BNB price
Solana
Solana (SOL)
$157.17 0.15563
Solana price
XRP
XRP (XRP)
$0.5698040 -7.35137
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000170 -9.42302
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000113 -5.19827
Pepe price
Bonk
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$0.0000260 -4.70643
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Telegram trading bot Banana Gun exceeds daily volume of $16m

telegram-trading-bot-banana-gun-exceeds-daily-volume-of-16m
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Telegram trading bot Banana Gun exceeds daily volume of $16m

According to recent data compiled on Dune Analytics, Banana Gun, a Telegram DEX trading bot, has shown daily trading volume of over $16 million.

This is part of a growing trend in bot usage, which is now estimated to exceed a cumulative total of $4 billion.

Banana bot active users

The Dune Analytics dashboard shows that the trading bot registers approximately 19,000 trades daily among its 3,000 active users. Since its inception in June, the platform has garnered a substantial user base, boasting almost 46,046 lifetime users. This popularity is reflected in its lifetime trading volume, which has reached a substantial $589 million.

Telegram trading bot Banana Gun exceeds daily volume of $16m - 1
Banana Gun Bot | Source: DuneAnalytics

Banana Gun is just one of the categories of trading bots that developers create for users to easily trade meme coins, farm airdrops, and bridge tokens. 

A subject of hacking

Unfortunately, along with growing interest, a larger question around user safety has arisen.

An Oct. 25 report from Banana Gun has also shown that the crypto-focused Telegram Bot project, Maestro, recently fell victim to a 280 ETH hack and had to return a total of 610 ETH to its users, marking another in a long line of related scams.