Everything You Need to Know About the Future Market of Telegraph Robot Track

[TL；DR]:

Telegram Bot refers to a crypto trading robot attached to social software Telegram, which is an automated software program that utes transactions through predetermined algorithms and rules.

As the market gradually recovers this year, the crypto Twitter community is seeking to capture more α chances. The Telegraph Robot provides a simpler, more efficient and convenient trading function compared to the existing DeFi.

As more and more robots shift from single transaction functions on telegrams to aggregated transactions on multiple social platforms, the value of the sector will further flourish.

Introduction

Since July this year, the Telegram Robotics Circuit has been in a hot state, providing new solutions for exploring simpler and more efficient user participation in crypto investments, and the market size continues to grow.

The article will provide a detailed explanation for everyone based on the progress of TG-BOT sector projects and the currency market.

Telegram Bot Sector Market

Telegram Bot refers to a crypto trading robot attached to social software Telegram, which is an automated software program that utes transactions through predetermined algorithms and rules.

According to real-time data compiled by Dune, as of the writing date, the track has covered 277,588 users with a total transaction volume of over $11 billion.

From the daily average number of active users, transaction volume, revenue, and other data, the three giants MaestroBot, Banana Gun, and Unibot in this sector have an absolute advantage.

Source: Dune

Next, let’s take a look at the trading activity of this track. From the figure below, it can be seen that the trading volume of Bots has gradually declined from August to early October. However, with more and more Bot projects entering the market and the crypto calf market ushering in mid-October, investors’ demand for functions such as automatic buying and selling and new currency order grabbing has increased, and trading volume has quickly rebounded and reached a new high.

Source: Dune

According to CoinMarketCap’s broader Telegram Bot section, there are currently about 77 robot-related projects, of which 57 have publicly issued tokens, with a total market value of $300 million and a 24-hour trading volume of nearly $47 million.

Telegram Bot Project Comparison

In fact, the track did not only appear this summer. The leading MaestroBot was launched as early as July 2022, but due to its technological maturity and bearish market background, it did not attract enough public attention at that time.

The popularity of Telegram Bot this year is certainly not coincidental. As the market gradually recovers this year, the crypto Twitter community is seeking to capture more α chances. The Telegraph Robot provides a simpler, more efficient and convenient trading function compared to existing DeFi.

The takeoff of this track this year is first attributed to Unibot. Since its launch in May this year, Unibot has attracted a large number of traders due to its convenient and intuitive features, initially accounting for 70% of the market share, surpassing the established MaestroBot in terms of transaction costs and user volume.

In this way, on Telegram with up to 800 million monthly active users, the Bot product became the gateway for new traffic.

However, user loyalty is obviously not as fast and easy to establish. Following the trend, Banana Gun quickly caught up and its innovation lies in its Sniper attack on the opening of the new coin, with a focus on First Block.

Later, Unibot and Banana Gun took advantage of the heat to launch their respective tokens, thereby completing the positive spiral of the project through token economics such as profit distribution and fee reduction. Maestro has not yet issued coins, but its market share still holds a place.

Source: Medium@Kunallegend

In addition, there is also PAAL AI with additional artificial intelligence concepts, as well as BonkBot, a counterfeit application of the Solana on-chain meme project Bonk, which will not be elaborated here.

Although the development of these projects has its own characteristics, their actual functions are similar. They are all committed to improving users’ demand for simplicity, efficiency, and speed in investing in crypto assets, with the following specific characteristics.

-Easy to access: buying and selling crypto assets directly through Telegram Bot

-Speed: Faster than Uniswap‘s transaction speed

-Order grabbing: offsetting opening transactions with new currency

-Analysis and tracking: can identify project quality and track smart wallet trends

-Airdrop: Perform a series of operations based on a set strategy to obtain an airdrop

-Security protection: against MEV, RUG, etc.

The Path to Breaking Crypto Space Still Needs Time

It is not difficult to understand that many users are already entering the field of crypto asset trading and even DeFi through Bot. This is thanks to Bot products that greatly simplify users’ operational processes.

Products that meet the interests and demands of a large number of users, such as tracking transactions, new currency sniping, and automated airdrop interaction, are easy to quickly exit the market. However, the competition in the Bot track is far from the stage where the overall situation has been determined.

Overall, the launch of the Telegram Bot track helps to lower the threshold for traditional users to enter the crypto world, and the continuous increase in user numbers and transaction sizes indicates that the large-scale adoption of Web3 is being achieved.

But at the same time, these products also carry inherent risks. When users use Telegram Bot, they need to save the wallet key to the robot itself, and many robot products are not yet open source. In other words, users may be exposed to potential risks such as hacker attacks and project theft caused by smart contract vulnerabilities.

In fact, many products, including the three head robots mentioned above, have experienced varying degrees of problems. For example, on October 31st of this year, UNIBOT suffered a hacker attack due to a code approval vulnerability, resulting in a loss of $640000 in assets and a sharp decline in its tokens in the short term. Fortunately, such issues have been quickly addressed, and the project team has also compensated the users for their losses.

Source: Gate.io

In summary, the recent rise in Bot-related tokens indicates the market’s long-term Optimism toward the sector, but it will still take time to achieve sustained growth in the market. I believe that the Telegram Bot sector may have the following three main development trends:

1.In addition to Telegram, it is expected that some robot projects will also be launched on social platforms such as Discord and WhatsApp, which will further expand the influence of these intelligent transaction assistance tools and provide more diverse and diverse choices for more users.

2.The functions of Bot will be further optimized and improved. Currently, Bot mainly provides buy and sell transactions, which is similar to the development path of DEX. In the future, Yield Farm, on-chain derivative contract transactions, event driven strategy transactions, chat rooms, and multi chain functions similar to smart contract wallets will gradually be integrated into Bot.

3.New security features may appear on private key storage to reduce the risk of private key leakage and theft.

In short, the development trend of Telegram Bot is clearly exciting. We believe that as more and more robots shift from single transaction functions on telegrams to aggregated transactions on multiple social platforms, we will witness more product innovation and the prosperity of track value.