According to a new study conducted by the crypto exchange CEX.IO , in 2024, 70% of stablecoin transactions were conducted by automated trading bots. This is the result of an analysis of activity in blockchains Ethereum , Base and Solana .
According to the exchange, on average 77% of the total volume of stablecoin transactions in 2024 fell into the unidentified category, which includes bots.
Bot activity has quadrupled since 2023, increasing its share from 80% to 90% in the unidentified category.
USDC accounted for more than 65% of the total volume of transactions in this category. It turns out that most of the transactions with this stablecoin were carried out by bots, the report says. CEX.IO .
USDT dominated "organic" transactions, accounting for over 68% of the total volume. PYUSD tripled its share of such transfers, but it is still below 2%.
The bots were most active in the second-level Base network.
Thanks to bot activity, Base even overtook in Q2024 XNUMX Ethereum in terms of the total volume of transactions with stablecoins, they said CEX.IO .
The study also found that without bot activity, the situation with stablecoin transactions would be completely different, as the share of “organic” transactions still lags far behind.
