Banana Gun Telegram bot daily turnover exceeds $16 million

In November, the trading volume of the Banana Gun Telegram bot for exchanging and purchasing cryptocurrency exceeded $16 million.

The average over the past week stood at $8.8 million, ahead of most decentralized exchanges. Around 3,000 users interact with the trading bot daily, executing roughly 19,000 transactions.

Since its launch in June, the project has attracted more than 46,000 traders. Total trading volume has reached $589 million across 1.5 million trades.

Blockworks analyst Ren Yu Kong said that Telegram bots remain actively used, and the aggregate turnover on such platforms has surpassed $4 billion.

According to the expert, Banana Gun has become a “notable exception,” given its market share rising from 20% to 35% in three months.

In the arena of trading bots, there began a kind of “war of features” to draw users, Kong added. Banana Gun, in turn, offers an autosniper feature that lets users set the exact quantity of coins and the price of sale.

“The latest development in this war was Unibot — Unibot X — to an autonomous trading terminal, stepping beyond its primary Telegram interface,” the analyst noted.

Although such platforms are gaining popularity, they remain associated with a high level of risk. On October 31, an unknown attacked Unibot, stealing nearly $650,000 in cryptocurrency.

Earlier experts warned of risk of asset loss when trading through Telegram bots, since they are not protected from hackers.