Data from Glassnode has revealed what percentage of traders on Uniswap are bots, and what percentage are humans. Here are the exact numbers.
The Dominance Of Each Trader Type On The Uniswap DEX
In its latest weekly report, the on-chain analytics firm Glassnode has looked into the various underlying metrics related to Uniswap. One of the interesting findings of the report includes the distribution of the platform’s trading activity among the different trader types.
More specifically, the analytics firm has separated the DEX’s trading volume (that is, the total amount of tokens being moved around on the platform) for humans and bots.
The bots here refer to automated programs that watch the blockchain to find lucrative trades and execute them. There are various types of these bots, but in the context of the current discussion, only two types are of interest: Arbitrage and Sandwich.
Now, here is a chart that shows the Uniswap volume dominance of these two bots, as well as for human traders, over the last few months:
Looks like the Sandwich bots contribute to most of the volume | Source: Glassnode's The Week Onchain - Week 31, 2023
From the graph, it’s visible that the trading volume share of the Arbitrage bots had been 20% around the start of the year, but today, it has gone down to just 10%. The human trader share, on the other hand,…
