What are the Most Profitable Crypto Bots?
Maestro is the most profitable crypto bot, accumulating 13.2K Ethereum (ETH) since its launch on July 27, 2022. Maestro is one of the two bot projects with no token, channeling 100% of its revenue back into the project itself.
Unibot takes the second spot, with 9.0K ETH in earnings. It was one of the first bots to introduce its own token (UNIBOT), enabling revenue sharing with token holders. 79.9%, or 7.2k ETH, of its earnings come from tax revenue accrued through the trading volume of UNIBOT. This innovation sparked a wave of revenue-sharing bots, including decentralized exchange (DEX) trading bots like Banana Gun (BANANA)and contract creation bots like Espresso Bot and Saintbot.
Banana Gun comes in third with 1.9k ETH in earnings. Despite its presence since June 2023, it only recently launched a token on September 14, 2023, enabling revenue-sharing with its holders. Notably, Banana Gun’s revenue stream is more evenly distributed, with 1.0K ETH originating from bot revenue and 1.0K ETH from tax revenue.
Maestro, Unibot, and Banana Gun contribute the majority of revenue earned, accounting for82.7%among the top 10 bots.
Top 10 Most Profitable Bots
The top 10 most profitable bots by revenue earned from inception are:
| Rank | Bot | Revenue (ETH) |
| 1 | Maestro | 13,206.1 |
| 2 | Unibot | 8,954.0 |
| 3 | Banana Gun | 1,938.3 |
| 4 | AimBot | 1,337.8 |
| 5 | Paal AI | 966.2 |
| 6 | Espresso Bot | 939.7 |
| 7 | Wagie Bot | 749.1 |
| 8 | Scarab Tools | 523.1 |
| 9 | Saintbot | 350.9 |
| 10 | Alphaman | 190.3 |
Crypto Bot Revenues in September
In September 2023, Maestro maintained its lead as the most profitable crypto bot, with 1.6k ETH in earnings. This was earned exclusively from bot revenue. However, it has since lost market share, accountingfor 45.3% of all-time bot revenue, down to 30.1% in September 2023. This can be attributed to its teammaintaining its stance of not launching a token, thus losing revenue on the trading volume of its token.
During the same period, Unibot earned 1.6k ETH, with 78.8% or 1.2k of it from tax revenue, while the remaining 21.2% or 0.3k ETH came from bot revenue.
Banana Gun ranked third among the most profitable bots in September 2023, with earnings totaling 1.4k ETH. Most of its income, 68.5% or 1.0k ETH, came from tax revenue, while the remaining 31.5% or 0.4k ETH was generated through bot revenue. It is worth noting that Banana Gun will likely report a higher tax revenue this month, as reflected in the surge in BANANA’s trading volume post-launch in September.
Revenues across the top 10 bots in September 2023 made up 18.8% of the total revenue accumulated since Maestro’s launch in July 2022, underscoring the enduring presence and product-to-market fit bots have in this current crypto landscape.
Top 10 Most Profitable Crypto Bots in September 2023
The top 10 most profitable crypto bots by revenue earned in September 2023 are:
| Rank | Bot | Revenue (ETH) |
| 1 | Maestro | 1,646.6 |
| 2 | Unibot | 1,557.6 |
| 3 | Banana Gun | 1,400.5 |
| 4 | AimBot | 550.5 |
| 5 | Paal AI | 191.7 |
| 6 | Espresso Bot | 18.3 |
| 7 | Wagie Bot | 17.4 |
| 8 | Scarab Tools | 38.2 |
| 9 | Saintbot | 44.6 |
| 10 | Alphaman | 9.3 |
Are These Crypto Bots Sustainable?
7 out of the 10 top bots rely significantly on tax revenue, accounting for over 75% of their revenue mix, accrued from the trading volume of their native tokens.
However, since September 2023, the top bots (excluding Maestro) have demonstrated a shift towards sustainability, with the bot-to-tax revenue ratio shifting from 20/80 in all-time figures to 26/74 when considering data from September 2023. This shift signifies an increase in the percentage of revenue generated from bot usage compared to the revenue generated from speculative trading activities of their respective bot tokens.
Methodology
This analysis focused on examining the revenue generated by top bots operating on the Ethereum blockchain and Ethereum roll-ups, specifically Arbitrum. The top bots are Maestro, Unibot, Banana Gun, Aim Bot, Paal AI, Espresso Bot, Wagie Bot, Scarab Tools, Saintbot and Alphaman. Tax revenue is the fee charged to traders who exchange native tokens on decentralized exchanges, while bot revenue represents the fee incurred by traders who utilize the bots. Data was collected from Dune Analytics (@whale_hunter) from the inception of these bots up to September 30, 2023.
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Curious to find out more about our previous research studies & statistics? Check out this one we did covering the Crypto Industry in 2023 Q3.
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Nicholas Boey
Nicholas is a Market Research Intern at CoinGecko. He can be seen crawling around the vast crypto space, be it NFTs, crypto or memecoins from time to time. People in web3 call him picnicmou.Follow the author on Twitter @picnicmou
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