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What is the current status of trading robots?
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Over the past two months, the market share of trading robots on Solana has experienced significant fluctuations, from a peak of 91.8% to a low of 18.2%. As of April 10, this share has rebounded to 85.1%, re-establishing its absolute dominance in the trading robot market. However, during this period, the trading volume share of trading robots on the Base and BSC chains briefly exceeded Solana. In particular, in late March, BSC's share soared to 70.7%, while Solana fell to only 18.2%.
The number of users of trading robots on Solana far exceeds that of BSC and Ethereum, totaling more than 202,000 users, accounting for 83% of the total, highlighting its absolutely dominant user base.
The trading volume of Solana's trading robots has shown a significant downward trend. Dune data shows that in the past two months, the trading volume of these trading robots has dropped from nearly $1.06 billion to about $96 million, a drop of 90.7%. At the same time, daily revenue has also fallen by about 88.9% to $922,000 during this period.
With the popularity of coin grabbing strategies, trading robots have become an important tool for traders to seize opportunities and capture market opportunities. However, in the context of increasingly fierce market competition and increasingly complex on-chain ecology, traders not only need fast execution, but also accurate market insights and higher asset security.
In recent months, Photon has mainly focused on updating and optimizing trading functions, such as the SNAP function that allows users to customize trading settings, such as wallet tracking, X dynamic tracking, and notification functions; the multi-wallet function supports the distribution of funds from one wallet to multiple wallets and the simultaneous buying/selling of any tokens, etc.; and plans to launch the BNB Beta version and launch the USDC trading pair on Solana.
Market Growth
Dominance of Solana
Emergence of New Players
Regulatory Concerns
Transparency Issues
