Uniswap (UNI) Sandwich Bots Generate up to 80% of Its Trading Volume
Trading bots, i.e., software programs designed to automate the processes of placing and canceling orders on centralized and decentralized exchanges, have become increasingly popular. On some exchanges, they already eclipse human traders by trade count and aggregated trading volume.
Bots' dominance on Uniswap (UNI) reached 90%, data says
Two categories of bots, "regular" trading bots and programs for sandwich attacks, are responsible for over 90% of Uniswap (UNI) trading volume in 2023. Sandwich bots process 58-79% of daily trading volume, while arbitrage bots are in charge of 4%-30% of Uniswap (UNI) turnover.
Such calculations were published by Alice Kohn, an Ethereum (ETH) ecosystem analyst at leading on-chain research firm Glassnode. As per her estimations, human traders are only placing between 7% and 28% of Uniswap (UNI) orders.
Read more on U.Today https://u.today/uniswap-uni-sandwich-bots-generate-up-to-80-of-its-trading-volume
Trading bots, i.e., software programs designed to automate the processes of placing and canceling orders on centralized and decentralized exchanges, have become increasingly popular. On some exchanges, they already eclipse human traders by trade count and aggregated trading volume.
Bots' dominance on Uniswap (UNI) reached 90%, data says
Two categories of bots, "regular" trading bots and programs for sandwich attacks, are responsible for over 90% of Uniswap (UNI) trading volume in 2023. Sandwich bots process 58-79% of daily trading volume, while arbitrage bots are in charge of 4%-30% of Uniswap (UNI) turnover.
Such calculations were published by Alice Kohn, an Ethereum (ETH) ecosystem analyst at leading on-chain research firm Glassnode. As per her estimations, human traders are only placing between 7% and 28% of Uniswap (UNI) orders.
Read more on U.Today https://u.today/uniswap-uni-sandwich-bots-generate-up-to-80-of-its-trading-volume
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