I. Introduction

Telegram Bots are automated programs that run on the Telegram platform and interact with users through Telegram's Bot API. Since its launch in 2013, Telegram has quickly accumulated a large number of users thanks to its security, privacy protection and open source features. In 2015, Telegram introduced the Bot API, which enables developers to create feature-rich robot programs that can automatically perform a range of tasks such as information push, content management, user interaction, etc. Telegram Bot not only simplifies complex operating processes, but also provides users with personalized and efficient services, thus winning widespread attention and use in a short period of time.

This study aims to deeply analyze the current status, representative projects and future development potential of the Telegram Bot track, and provide valuable reference for investors.

2. Analysis of Telegram Bot Track

1. Technical architecture of Telegram Bot

Telegram API and Bot API are the basis for implementing automation functions on the Telegram platform. Telegram API allows developers to create client applications that communicate with Telegram servers, while Bot API is specifically used to create and operate robot programs. Bot API provides a set of simple and powerful interfaces. Developers can interact with Telegram servers through HTTP requests to complete tasks such as message sending, command processing, and user management.

The design goal of Telegram Bot API is to simplify the development process of robot programs, allowing developers to quickly create powerful and stable robots. By calling the API interface, developers can easily receive and process user messages, manage groups and channels, send multimedia content, and perform complex business logic processing.

2. Classification of Telegram Bots

• Trading bots: Trading bots are the most representative type of Telegram Bots, mainly used for automated financial transactions. Users can use these bots to buy and sell assets such as cryptocurrencies, stocks, and foreign exchange. Trading bots usually have functions such as real-time market data monitoring, automatic transaction execution, and trading strategy management, which can help users make faster and more accurate decisions in the ever-changing financial market.

• Customer service robot: Customer service robot is used to automatically respond to user inquiries and provide instant customer support services. They are widely used in e-commerce, banking, communications and other industries, and can significantly improve customer service efficiency and reduce the workload of manual customer service. Customer service robots usually have natural language processing and dialogue management capabilities, and can understand users' questions and give accurate answers.

• Content distribution robots: Content distribution robots are responsible for pushing multimedia content such as news, blog posts, videos, etc., to help users get the information they are interested in in a timely manner. Such robots can regularly push relevant content based on user preferences and subscription settings, greatly enriching users' information acquisition channels.

• Game and entertainment robots: Game and entertainment robots provide interactive entertainment functions such as mini-games, quizzes, and fun questions to increase user stickiness and interactivity. These robots not only bring fun to users, but also enhance user participation and community activity through gamified interactive methods.

3. Advantages of Telegram Bot

In the Telegram Bot track, trading robots stand out in the highly competitive market with several significant advantages:

• Fast transaction: When on-chain transactions are hot, decentralized exchanges (DEX) often experience lag due to excessive transaction volume. Telegram Bot achieves fast transactions through its efficient transaction mechanism, avoiding transaction delays caused by network congestion and ensuring that users can complete transactions quickly.

• Reduce MEV loss: MEV (miner extractable value) problems are very common in on-chain transactions, and users usually need to set higher slippage to ensure successful transactions. However, Telegram Bot can effectively prevent the MEV clamp problem. Users only need to pay about 1% of the handling fee, and the slippage fee saved often exceeds the handling fee paid, greatly reducing transaction costs.

• Fast trading: Telegram Bot is especially suitable for users who trade quickly when the market opens. Such users can seize market opportunities at the first time and achieve higher returns through fast trading. Telegram Bot's instant response ability allows users to quickly place orders and complete transactions.

• Easy to use: Users can use trading robots directly on the Telegram platform without visiting other websites or downloading additional software, which greatly facilitates the user's operating experience. The simple and intuitive operation interface makes it easy for even novice users to get started.

Through these advantages, users can achieve efficient and automated asset management and trading operations through trading robots. These robots not only improve trading efficiency, but also help users make more informed decisions in complex market environments, becoming a powerful tool for users to trade digital assets.

3. Current Status and Data of Telegram Bot Track

According to the latest data analysis by Dune, the daily transaction volume of Telegram Bot reached 100 million US dollars, mainly from the two public chains Solana and Ethereum. Solana's daily transaction volume is about 50 million US dollars, accounting for 60%; Ethereum's daily transaction volume is about 30 million US dollars, accounting for 34%. Next is BSC and Base chain, with daily transaction volumes of about 1/10 of the former two, accounting for 4.6% and 1.6% respectively.

In terms of the number of users, Solana has 160,000 daily users, accounting for 73.3%; Ethereum has 40,000 users, accounting for 18.1%; and Base has 15,000 users, accounting for 6.5%.

According to the historical cumulative transaction volume ranking, the main members of the Telegram Bot track include BonkBot, Maestro, Banana Gun, Trojan, Sol Trading Bot, Sigma, Unibot, Shuriken, PePe Boost and ReadySwap. From the time of protocol launch, the main supporters of Ethereum are Maestro, Banana Gun and Unibot, and these projects have been in operation for more than one year. BonkBot, Trojan and Sol Trading Bot have achieved rapid development through the Solana chain, and BonkBot has achieved the result of a latecomer catching up with the leader by virtue of the outbreak on the Solana chain. Trojan was independently developed by the Unibot team after the split. It has ranked fourth in cumulative transaction volume in just 200 days since its launch, and its 7-day transaction volume has jumped to first place, showing a strong growth momentum.

In terms of protocol revenue, Telegram Bot's performance in the market can be described as "making a fortune every day", with cumulative revenue of up to 200 million US dollars and an average revenue of 940,000 US dollars in 7 days. Among them, BonkBot's cumulative revenue is as high as 71.57 million US dollars. In addition, Trojan, Banana Gun, Sol Trading Bot, Unibot, Shuriken, and Pepe Boost all have cumulative revenues of more than 5 million US dollars.

IV. Inventory of Telegram Bot Representative Projects

1. BonkBot

BonkBot is a TG trading robot produced by the Bonk community. It is currently the robot with the largest trading volume among Solana TG Trading Bots. BonkBot is characterized by its simple user interface, with minimum position value display, automatic buying and MEV protection functions. . BonkBot has seen a significant increase in transaction volume and number of users, driven by the Solana Meme coin culture. Its cooperation with Raydium further enhances BonkBot’s market performance and user experience. BonkBot transaction fee is 1%.

2. Maestro

Maestro's bot can instantly copy buy and sell actions from up to 3 wallets (up to 10 for premium users). Always track the wallet that receives the tokens. Do not track the wallet that initiates the trade, but rather the wallet that receives the purchased tokens at the end of the trade. Once you add a tracking wallet, the bot will start scanning the mempool for any exchange transactions that would deposit (or remove) tokens to the tracking wallet. GOD Mode in Maestro Trade Mode allows users to act quickly when a token goes live, ensuring the best time to buy. The bot has a 1% trading fee.

3. Banana Gun

Banana Gun is one of the most popular Telegram trading robots on the market, providing trading and sniping functions. Banana Gun's features such as First Bundle or Fail (FoF), slippage control, and Degen mode enable users to trade more flexibly. In addition, Banana Gun provides MEV protection to effectively prevent front-end transaction attacks. Users can safely purchase tokens that have been listed on Ethereum, Solana, and Base chains, and be the first to buy new coins when they are released. BananaGun has a handling fee of 0.5%.

4. Trojan

Trojan was formerly Unibot on Solana, which was created by Reethmos, the former head of Unibot community operations. It was originally a product of Unibot, and then renamed Trojan. The trading interface of Trojan is similar to that of Unibot, and it has more complex order forms such as copy trading and DCA fixed investment trading. Currently, Trojan is also the third TG Trading Bot in terms of trading volume on the Solana chain. The transaction fee is 1%, and 0.9% for those who join through referrals.

5. Sol Trading Bot

Sol Trading Bot focuses on trading services in the Solana ecosystem and provides efficient trading solutions by integrating with major DEXs. Sol Trading Bot integrates major DEXs such as Jupiter, Orca, and Raydium, enhances liquidity access, and provides a wide range of trading services. The biggest difference between Sol Trading Bot and other robots is that it provides the function of sniping tokens. In addition, there are more complex order functions such as DCA fixed investment and limit orders, as well as new coin and new pool monitoring functions. The transaction fee is 1%, and some tokens are free ($MYRO, $BONK, $WIF, $JUP, $WEN).

6. Unibot

Unibot provides functions such as token exchange, copy trading, limit orders, and privacy trading, and also provides real-time Ethereum new token alert services. Through dialogue-based interaction, users can easily issue on-chain token trading instructions and complete various trading activities on Uniswap. Unibot is expanding to the Solana platform, using its cross-chain bridge function to further improve market coverage and user experience. Unibot charges a 1% transaction fee.

5. Potential and opportunities of Telegram Bot track

1. Growing user base: As Telegram becomes more popular around the world, the user base of Telegram Bot is also expanding rapidly. Telegram Bot is expected to attract more new users and further expand its market influence.

2. Popularization of cryptocurrency transactions: As an efficient and convenient trading tool, Telegram Bot provides users with a friendly trading interface and powerful trading functions, greatly lowering the trading threshold and enabling more ordinary users to participate in cryptocurrency transactions.

3. Technological innovation and application scenario expansion: The application of artificial intelligence (AI) and machine learning (ML) technology in Telegram Bot can significantly improve the intelligence level of trading robots. Through AI technology, trading robots can more accurately analyze market trends, provide personalized trading suggestions, and even automatically execute trading strategies, thereby increasing transaction success rates and profits.

4. Multi-platform integration: Telegram Bot’s multi-platform integration capability enables it to run on multiple blockchain platforms, such as Ethereum, Solana, BSC, etc. This cross-platform feature not only expands the Bot’s user base, but also increases its market coverage, bringing it more trading opportunities.

5. Strategic cooperation expansion: Telegram Bot can further enhance its market competitiveness and user stickiness through cooperation with major exchanges, blockchain projects and financial technology companies. For example, through cooperation with decentralized exchanges (DEX), Telegram Bot can provide richer and more diverse trading pairs and enhance users' trading experience.

6. Ecosystem construction: A complete ecosystem is the key to the long-term development of Telegram Bot. By building an ecosystem that integrates transactions, payments, and financial services, Telegram Bot can provide users with a one-stop service experience.

6. Risks of Telegram Bot Track

1. Asset security risk: Telegram trading robots need to access the user's private key or API key during operation, which undoubtedly increases the risk of asset theft or abuse. If the robot is hacked or there are security vulnerabilities in its code, the user's funds may be stolen. Therefore, it is crucial to ensure the security and privacy protection of the robot.

2. Risk of lack of code audit: Many Telegram Bot projects have not undergone rigorous code audits, which means there may be undiscovered vulnerabilities and security risks. Investors should pay special attention to choosing projects that have undergone professional security audits to reduce risks.

3. Sustainability of business model: Many Telegram Bot projects rely on revenue models such as transaction fees and token transaction taxes. However, changes in market environment and user demand may affect the stability of these revenue sources. Project teams need to explore diversified revenue models to ensure the sustainability of business models.

4. User experience issues: Although Telegram Bot simplifies the process of cryptocurrency transactions, the user experience may still be affected by technical limitations and operational complexity. The project team needs to continuously optimize the user interface and interaction design to improve user satisfaction and loyalty.

5. Technical support and maintenance: As the number of users and transaction volume increase, the technical support and maintenance challenges faced by Telegram Bot are also increasing. The project team needs to ensure the stability and performance of the server and respond to users' technical issues and needs in a timely manner to maintain a good user experience.

6. Complexity of the regulatory environment: As countries strengthen their regulation of cryptocurrencies, Telegram Bot may face stricter legal requirements and regulatory measures. This may include the implementation of KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, which will affect user privacy and transaction freedom.

VII. Summary and Outlook

As an efficient and convenient trading tool, Telegram Bot has shown great potential and appeal in the cryptocurrency market. Its unique features and advantages have made it stand out in the fierce market competition and attracted the attention of a large number of users and investors. In the next few years, the Telegram Bot track is expected to continue to develop rapidly, and technological innovation and market demand will drive its further expansion. AI and big data will be the main innovation directions, and new application scenarios and user groups will continue to emerge. With the continuous advancement of technology and the further maturity of the market, Telegram Bot is expected to become an important force in the field of digital asset trading.

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