Survey reveals that 70% of the stablecoin transactions in 2024 will be bots.

A survey shows that bots were responsible for 70% of the stablecoin transactions last year. Base was also more popular than Ethereum because of this.

New survey According to a report by CEX.IO citing Allium data, automated trading bots will handle 70% of stablecoin volume transactions in 2024. This is based on analyzing blockchain activity worldwide. Ethereum, BaseThen, Solana.

According to the exchange, in 2024, the average stablecoin volume was 77% unadjusted, with bot transactions being the main contributor.

In the category of bots, this activity increased four-fold from 2023 to now represent 90%. This distilled number is what the exchange claims. “70% of stablecoin transaction volume in 2024 was related to bot transfers.”

“USDC dominated the unadjusted category, making up over 65% of the volume. This underscores the fact that much of USDC’s transaction activity was driven by bots.”

CEX.IO

The survey revealed that the layer-2 base network of Coinbase saw the greatest impact, as it was pushed ahead by bots in terms of raw numbers.

“Networks such as Solana and Base, where USDC supply dominates, saw unadjusted transactions represent over 98% of stablecoin activity as of December 2024. Due to the bot activity, Base even managed to surpass Ethereum in total stablecoin transaction volume in Q4 2024.”

CEX.IO

It was also concluded that, without bot activity in the stablecoin transactions landscape, it would not be possible to conduct them. “completely different.” The volume of stablecoin transfers doubled by 2024. “still lagged behind the growth of bot-driven activity,” CEX.IO is a leading provider of online CEX.IO.

Tether’s (USDTThe dominant stablecoin was. “organic” PayPal’s (PayPal) transactions account for more than 68% of the volume adjusted. PayPal’s (PYUSD() recorded the fastest adoption growth with a tripling of its adjusted transaction share, although it still represents less than 2% “organic” Transaction activity