Try Quests to earn cryptoBots and success rate
In this article, You will read about bots and users' activities in the Terra network. I Compared the success rate of transactions executed by bots in the past 60 days with average users' transactions in the same time period. Do you think there is any difference and any trends identifiable?
All data from this comparison is from the last 60 days.
In order to find Success and Fail transactions on Terra, I used the Terra swap table. Then join all swaps to Msg table to divide swaps into Success and fail.
Crypto Arbitrage Bot is a trading robot that uses automated technical analysis and strategies to generate profits by buying and selling cryptocurrencies at the best price. Many crypto traders are investing in this type of bot because it is a way to make money without doing any work.
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Wallets have more than ten swaps under a minute is Bot trader
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The other side of the above condition is average User
In the below chart, You can see the total daily number of Succfull users and bot swaps from the last two months.
It is hard to find a trend on User swaps. It seems the average user swaps is under 4K daily. But from March 28th, 2022, until April 5th, The total number of user swaps increased to above 5K per day. In that time, The total number of bot swaps increased too.
Bot traders didn't have any countable swaps until March 13th. After that, the total number of swaps increased to above 3K daily. According to the below chart, We can say that Bot swaps started on March 13th. After that time, bot activities have grown to above 10K trade daily. As I mentioned before, there are some serious trends from March 29th until April 5th. Daily trade in that time was about 13-14K each day.
In the below chart, I compared the total number of user and bot failed swaps in the same chart. The blue line shows Bot failed swaps and the orange line shows user failed swaps.
We can barely see bot failed swaps trend in the below chart. It seems In march 3rd, Bots had a problem with swapping. Only on that day above 800 swaps of bots failed. But after that day, there wasn't any trend for Bots.
Besides bots, Users have more problems with swaps. The daily average of users' failed swaps is higher than bot swaps. Also, I can see some trends in the below chart.
On April 5th, The total number of users who failed transactions was about 400 swaps. Bot's failed swaps were about 50. In comparison to each other, Both of them faced problems in swapping. The average bots failed swap is not too many.
In comparison to bots and users, About 69% of success swaps went for Bots. Only 30% of swaps was for users' successful transaction.
The share of bots and users from failed swaps is about 64% for users and 35% for bots.
To understand bot activities better, I draw the below weekly chart. In the below chart, You can see the total weekly number of Bot failed swaps, and bot succeeded swaps in the last 60 days.
let's see what happens each month:
- March
The total number of bot succeeded and failed swaps in three weeks of March were the lowest number in comparison to April. Less Failed, and less succeeded swaps. Actually, the countable swaps started in the second week of March. The highest total number of swaps happened in the last week of March. More than 89K swaps were made by bots, and 152 of them failed.
- April
Bots continue swapping and gaining from Arbitrage in April. The total number of swaps was higher than March. But the highest number of failed swaps happened in the third week of April. About 235 swaps failed in comparison to 75K succeeded swaps.
We have seen the total weekly number of bot swaps in the previous chart. According to the below donut chart, Only 0.2 percent of All bot swaps failed, and 99.8 were succeeded in the last two months.
Written by Hess
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discord_id: hess#0890