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According to recent data compiled on Dune Analytics, Banana Gun, a Telegram DEX trading bot, has shown daily trading volume of over $16 million. This is part of a growing trend in bot usage, which is now estimated to exceed a cumulative total of $4 billion. Banana bot active users The Dune Analytics dashboard shows that the trading bot registers approximately 19,000 trades daily among its 3,000 active users. Since its inception in June, the platform has garnered a substantial user base, boasting almost 46,046 lifetime users. This popularity is reflected in its lifetime trading volume , which has reached a substantial $589 million. Banana Gun Bot | Source: DuneAnalytics Banana Gun is just one of the categories of trading bots that developers create for users to easily trade meme coins, farm airdrops, and bridge tokens.  You might also like: Dune analytics finds false data on Uniswap’s NFT aggregator A subject of hacking Unfortunately, alon...

During the second bull peak of 2021, most cryptos rallied along with Bitcoin when it created the $69,000 peak. Along with the price of assets, even the funds locked on DeFi protocols like Uniswap climbed highs. Such was the state of Vechain too. Back in December 2021, the TVL on the platform stood as high as $35 million. Then, during the bear market onset, this metric noted a sharp fall. By June 2022, the number was hovering 89% lower, around $4 million. Leaving aside one recovery attempt, the TVL kept shrinking. At press time, the value of all the assets locked on VeChain was only worth $1.13 million, down 97%. Source: DeFiLlama Currently, VeChain has only two protocols, both of which fall under the DEX category. Vexchange, the decentralized swap platform, contributes a 2/3rd of the TVL share. VeRocket, the token exchange platform, on the other hand, has the remaining 1/3rd say. Over the past month, the value of funds locked on both protocols has inclined by 11% and 32% respect...