Telegram-Based Trading Bots Fueling Crypto Trading Frenzy: Unibot (UNIBOT) Leads the Pack with 54% Weekly Surge

Telegram-Based Trading Bots Fueling Crypto Trading Frenzy: Unibot (UNIBOT) Leads the Pack with 54% Weekly Surge

Telegram-based trading bots are rapidly gaining traction among crypto traders, offering a seamless experience akin to exchanging messages on the popular messaging app.

Leading the pack is Unibot (UNIBOT), a platform that emerged in May and has swiftly garnered a devoted following. The value of UNIBOT tokens has surged by an impressive 54% in the past week, and the team reports a consistent surge in user adoption, as evidenced by data from Dune Analytics.

According to the data, Unibot users have engaged in trading tokens worth a staggering $54 million through the application. The platform has generously distributed nearly $1 million in revenue back to its users. These rewards are distributed proportionally based on the number of tokens held, with holders receiving 40% of transaction fees and 1% of UNIBOT’s total trading volume.

The appeal of such products lies in their user-friendliness, a significant advantage compared to decentralized exchanges like Uniswap. Users on Uniswap often contend with a cumbersome process that entails repeatedly logging into their wallets, verifying token details, and dealing with substantial fees to execute trades successfully.

Prominent Crypto Twitter trader @blknoiz06 succinctly captured the main issue with on-chain trading: “Main problem w/ trading on-chain is terrible UX, unibot allows you to easily market buy/sell w/ 1 telegram command.” Another trader, @0xKawz, corroborated the sentiment by stating, “Trading directly through telegram is great for fast swaps, scalps, etc.”

Meanwhile, newer tokens like Wagiebot (WAGIEBOT), 0xSniper (0XS), Bridge (BRIDGE), and Bolt (BOLT) have experienced remarkable jumps of up to 500% in the past 24 hours. Traders are keen to capitalize on these tokens, seeking to replicate the impressive growth demonstrated by Unibot.