Bankr Brings Trading Bot to Solana, Debuts Tokens on Raydium

Bankr trading bot in Solana-
Table of Contents

TL;DR:

  • Bankr expands its support to Solana, allowing AI agents to deploy tokens directly on Raydium.
  • The native token BankrCoin (BNKR) saw a 21% increase following the announcement, gaining 120% over the week.
  • Despite the platform’s revenue growth, 88% of tokens launched by third parties show low liquidity.

The Solana DeFi ecosystem continues to attract advanced automation tools. Recently, the Bankr trading bot on Solana officially launched its support for this network, enabling AI agents to deploy tokens on Raydium, the chain’s sixth-largest protocol by total value locked.

The announcement was made on February 2, after which the price of BankrCoin (BNKR) rallied by 21%. This move placed the asset among the day’s top gainers, capping an impressive 120% growth within its weekly timeframe.

The platform’s incentive structure establishes a 0.5% creator fee prior to migration. Subsequently, swap fees are distributed: 50% to the creator, 40% to Bankr, and the remaining 10% allocated to token burning to reduce the overall supply.

Bankr_BOT-SOLANA-

Financial Growth vs. On-Chain Liquidity Challenges

Data from DefiLlama indicates that Bankr’s annualized revenue has surpassed $580,000, driven by its established presence on Ethereum, Base, and Polygon. However, the expansion to Solana aims to capitalize on the high speed and low transaction costs that define this network.

On the other hand, data from Dune Analytics reveals a contrasting scenario for projects launched via this tool. Excluding the BNKR token, approximately 88% of tokens created by third parties record a cumulative volume of less than $10,000 and show no recent activity.

In summary, while Bankr demonstrates financial strength as a platform, the success of individual tokens remains limited. The community is cautiously watching to see if Raydium’s liquidity will manage to reverse the trend of low follow-through seen in the protocol’s previous launches.

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