Scrutinizing the Role of Bots in Crypto Transactions
A report reveals that less than 10% of stablecoin transactions in April were conducted by real people, challenging the perceived adoption rate of stablecoins.
May 7, 2024
Understanding Crypto Bots
In discussions about the advancement of financial freedom using cryptocurrencies, a significant revelation has arisen concerning the nature of crypto transactions. Contrary to the widespread belief, recent insights show that the majority of such trades are not conducted between actual people.
Stablecoin Revelation
A collaborative report by Visa and Allium Labs highlights that less than 10% of stablecoin transactions in April represented genuine human activity. This discovery questions the perceived widespread adoption of stablecoins and puts Visa's position in the spotlight.
Valid Use Concerns
The report introduces a new metric for measuring the 'organic payments activity', aiming to distinguish actual peer-to-peer transactions. However, the importance of trading in crypto and the role bots play in the ecosystem bring up essential aspects of what constitutes valid use, especially from the standpoint of Visa.
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