What % of the swaps and swap volume are made by bots?

I defined a variable called max_txs_human that specifies the maximum number of swap transactions a human being can perform during the day. In other words, if this value is 20, that is, any address that makes less than 20 swap transaction on a day is known as a bot.

In all of the following charts, the blue color represents the bot and orange represents human activities.

Bot vs human behavior

The behavior of both types of addresses will be compared with the following metric:

• Number of daily swaps

Are there many bots or mainly just a few that conduct a high % of bot activity?

From the above chart, an important difference between the behavior of humans and bots can be identified, which is that the number of transactions of bots is much more than the number of transactions of humans.

This result can be seen almost every day.

According to the above chart, most of the time, about 80% of the swap transactions that are done in one day belong to bots.

Another important difference between humans and bots is that the number of wallets known as bots is much less than the number of human wallets.

According to the above chart, most of the time, about 90% of the wallets they swap in one day belong to humans.

Conclusion:

It is true that in our studies, bots were a minority, but their number of transactions is much higher than humans, and they are very suitable for routine tasks such as arbitrage, which requires a special algorithm.