Solana Surge: Unibot Sets Telegram Trading Records Amidst Ethereum Exodus

Estimated read time 3 min read
  • Unibot, the popular Telegram trading bot, has achieved record-breaking daily user numbers following its integration with Solana, with 90% of its users now on the Solana blockchain.
  • The move has revitalized Unibot’s fortunes after a decline in use on Ethereum, highlighting the growing influence of Solana in the decentralized finance landscape.

Telegram’s Unibot has become a juggernaut in the world of on-chain trading, experiencing a surge in daily users after successfully integrating with Solana. This move comes on the heels of the bot’s previous success on Ethereum, where it played a pivotal role in the meme coin trading community.

Telegram Bots Redefining Trading Dynamics on Solana

Unibot’s daily users reached an unprecedented peak on January 11, surpassing its previous record set in August last year. The integration with Solana, a blockchain known for low transaction fees and user-friendly decentralized applications (dApps), has proven to be a game-changer. A staggering 90% of Unibot’s current user base resides on Solana, contributing to over 79% of the total trading volume.

Unibot’s Revenue Soars with Solana Integration

Since launching on Solana on January 4, Unibot has seen a remarkable increase in its earnings. The bot generated $275,000 in fees within the first few weeks, adding to the $534,000 earned on Ethereum. This represents a more than 50% surge in total fees, showcasing the financial benefits of integrating with Solana.

Solana’s Rise in DeFi Landscape

The success of Unibot’s migration is indicative of Solana’s growing prominence in the decentralized finance (DeFi) space. Solana’s appeal lies in its low transaction fees and slick dApps interfaces, attracting users who were once active on Ethereum. Decentralized exchanges on Solana now rank as the third-most active, trailing behind Ethereum and Arbitrum.

Competitors Follow Suit

Unibot’s triumph has not gone unnoticed by its competitors. Banana Gun Bot, a key rival, also made the leap to Solana and experienced notable success. The move resulted in a surge in daily active users and fees, underlining the trend of trading bots shifting their focus to Solana.

Token Holders Reap Rewards

Unibot’s native token has witnessed an 85% surge in the past month, trading at $94. Token holders, who possess a minimum of 10 UNIBOT, participate in the lucrative rewards program. To date, these holders have received over 4,496 ETH in total rewards, valued at an impressive $11.3 million.

Unibot’s unique approach, coupled with Solana’s allure, has created a symbiotic relationship benefiting both the trading bot and its user community. As decentralized trading continues to evolve, Solana’s rise and Unibot’s success exemplify the transformative power of blockchain technologies in the financial landscape.

vivian

Vivian Njoroge is a seasoned crypto and blockchain news writer with a passion for decoding the complexities of the digital financial world. Armed with a keen eye for emerging trends and a knack for simplifying intricate concepts, Vivian brings a unique blend of expertise and enthusiasm to her writing. Her articles, characterized by clarity and depth, aim to keep readers abreast of the ever-evolving landscape of cryptocurrencies and blockchain technology.

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