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**Poll Reveals Bots Reign Supreme in the Stablecoin Marketplace in 2024, Making Up 70% of the Sum**
A fresh poll emphasizes the increasing sway of automatic trading robots in the crypto domain. The analysis implies that bot-powered movement has pushed Base, Coinbase’s Layer 2 network, beyond Ethereum in respect to stablecoin transaction sum. These automatic bots are accountable for a surprising 70% of all stablecoin transactions this year.
The analysis, executed by crypto exchange CEX.IO, scrutinized movement on the Ethereum, Base, and Solana blockchains utilizing data from Allium. Their outcomes disclose that automatic trading bots are currently a major power in the stablecoin marketplace.
As stated by CEX.IO, a massive 77% of total stablecoin transaction sum in 2024 falls into an “unadjusted” group, which is mainly powered by these bots.
Compared to 2023, bot movement has increased threefold, with their share of the unadjusted group leaping from 80% to 90%. This increase in movement translates to bots being implicated in roughly 70% of all stablecoin transactions in 2024.
> “USDC lords it over the unadjusted group, making up over 65% of the sum. This emphasizes that a notable portion of USDC’s trading movement is powered by bots.”
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> CEX.IO
The poll unveils that Coinbase’s Base network has been particularly impacted, with bots enabling it to outstrip Ethereum in raw sum. Ripple (XRP) Cost Forecast for March 26th
> “As of December 2024, networks like Solana and Base, where USDC supply lords it over, unadjusted transactions make up over 98% of stablecoin movement. Owing to bot movement, Base even succeeded in outstripping Ethereum’s total stablecoin transaction sum in Q4 2024.”
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> CEX.IO
The analysis also underscores that the stablecoin trading scenery would seem drastically diverse without the sway of these bots. While adjusted stablecoin transfer sums doubled in 2024, they still lag behind the growth of bot-powered movement.
Tether (USDT) persists as the dominant stablecoin for “organic” transactions, making up over 68% of adjusted transaction sum.
The PYUSD stablecoin, which was launched by PayPal, has experienced the most notable expansion, with its modified transaction share increasing threefold. Nevertheless, it still represents under 2% of “natural” trading actions. Fundamentally, even though PayPal’s stablecoin is swiftly developing, it still needs considerable time to pass until it evolves into a substantial participant in the cryptocurrency trading sphere.
