BONKbot volumes rise as the memecoin’s DeFi uses grow

BONK became the latest dog-themed coin to see parabolic returns this month, buoyed by viral interest among crypto traders and holders. 

But this particular memecoin seems to be gaining technological infrastructure.

The team behind BONK also released a trading bot that, according to available market data, owned more than 70% of the volume created by decentralized exchange (DEX) bots every day for the past week. This activity created roughly $4.8 million in fee revenue in the time frame. 

Read more: Dog coins are back: BONK leads Dogecoin, Floki and Shiba with 1400% rally

The so-called BONKbot’s fees over the past 24 hours are on par with those generated by well-known DeFi protocols…

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