Banana Gun

Banana

Read

<div class="cryptonews">
 <p class="is-style-lead">According to recent data compiled on Dune Analytics, Banana Gun, a Telegram DEX <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> bot, has shown <a rel="noopener noreferrer nofollow" title="daily" href="https://thebittimes.com/tag/daily.html">daily</a> <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> of over $16 million.</p>
 <p>This is part of a growing trend in bot usage, which is now estimated to exceed a cumulative total of $4 billion.</p>
 <h2 class="wp-block-heading" id="banana-bot-active-users">Banana bot active users</h2>
 <p>The Dune Analytics&nbsp;dashboard&nbsp;shows that the <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> bot registers approximately 19,000 trades <a rel="noopener noreferrer nofollow" title="daily" href="https://thebittimes.com/tag/daily.html">daily</a> 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 <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a>, which has reached a substantial $589 million.</p>
 <figure class="wp-block-image size-large is-resized"><picture decoding="async" class="wp-image-14218408" style="aspect-ratio:2.403755868544601;width: 100%;height:auto">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/22/899099229ee670bc9947dbb86f473b83.webp.webp">
   <img decoding="async" width="1024" height="426" src="https://cdn.thebittimes.com/images/2023/11/22/899099229ee670bc9947dbb86f473b83.webp" alt="Telegram trading bot Banana Gun exceeds daily volume of $16m - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Banana Gun Bot |&nbsp;Source: DuneAnalytics
  </figcaption>
 </figure>
 <p>Banana Gun is just one of the categories of <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> bots that developers create for users to easily trade meme coins, farm airdrops, and bridge tokens.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Dune analytics finds false data on Uniswap’s NFT aggregator
 </div>
 <h2 class="wp-block-heading" id="a-subject-of-hacking">A subject of hacking</h2>
 <p>Unfortunately, along with growing interest, a larger question around user safety has arisen.</p>
 <p>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.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Dune Analytics: What is it and how does it work?
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/telegram-trading-bot-banana-gun-exceeds-daily-volume-of-16m-tbt71123.html">https://thebittimes.com/telegram-trading-bot-banana-gun-exceeds-daily-volume-of-16m-tbt71123.html</a></p>

Telegram trading bot Banana Gun exceeds daily volume of $16m

Table of Contents

TheBitTimes

Other articles published on Nov 21, 2023

DoJ captures $9m in Tether’s USDT from “pig butchering” operation

Top Blockchains To Build Web3 More Efficiently

Aave’s Raave most elite crypto event – Here’s why you missed out on the invite

What is Render, and why is it 50% up this week?

FTX-Funded AI Ecosystem Denied OpenAI Merger Proposal: Report

PantherTrade applies for Hong Kong trading license

Join our free newsletter for daily crypto updates!