Choosing the Best DeFi Trading Bot: Top 5 Bots for DEX Trading

DEX trading is one of the fastest-growing sectors in the crypto space, with an impressive trading volume of $1.386B and a market share of approximately 11.75% compared to CEX spot trade volume, according to TheBlock. DEXs became mostly known and widely used after the fall of FTX in 2022 and the recent rise of small memecoins' waves, leading to a significant surge in the number of transactions and trading volume across Solana, Base, Tron, and other networks.

However, with the rise of many DEXs, users encountered various interfaces, sometimes leading to confusion and fragmentation of the trading experience among the crypto community. Furthermore, compared to centralized exchanges, DEXs are very limited in their trading features and functionality, often offering little more than a basic swap feature. This is where DEX trading bots came in handy. They enable users to easily buy and sell tokens through a simple, user-friendly interface while offering advanced trading tools that many DEXs lack natively, such as trailing stops and limit orders, or DCA trading bots. 

As the DEX trading rush continues, the number of various DEX trading bots also increases rapidly. That’s why the question arises: “How do I pick the best DEX bot among the countless options available?”

Lucky for you, we’ve got some answers! 

Let’s explore the top 5 DEX bots and discover their standout features and key stats.

goodcryptoX

goodcryptoX is the first fully non-custodial DEX trading platform developed as a part of GoodCrypto - an advanced trading app with over 500,000 downloads and more than $5B in trading volume handled. It currently supports four main networks, including Ethereum, Base, BNB Chain, Arbitrum, and the Solana network.

It provides users access to advanced DEX trading tools, such as trailing stop and limit orders, Stop Loss + Take Profit Combos, Gem Sniper, DCA, grid trading, copy trading, and more. goodcryptoX also pays significant attention to the security of its platform, conducting security audits in partnership with leading platforms such as Certik, while implementing pioneering smart contract wallet technology, ensuring that even in the case of exploits, the users’ funds won’t be affected

The platform also features an extensive referral program, allowing users to earn 25% of all swap fees collected from those who registered with their referral link while giving invitees a lifetime 5% fee discount.

goodcryptoX is powered by the native $GOOD token, which is used for:

• Participating in the revenue-sharing program;
• Incentivising users to trade on the platform via trademining 
• Token burns;
• Governance voting;
• Swap fee discounts for holding tokens.

goodcryptoX Fees

The default fee for utilizing the protocol is 1%. However, for swaps over $10,000, the fee is reduced to 0.5%, and for swaps over $100,000, the fee is reduced to 0.25%. Furthermore, you can also receive more discounts based on your trading volume, the amount of $GOOD held, your subscription plan, referral status, and exclusive NFTs owned, with the maximum discount reaching up to 94%!

Bonkbot 

Let’s start with the leader by lifetime trading volume on DEXs – Bonkbot. Bonk bot is a Telegram-based DEX bot on Solana, utilizing Jupiter DEX routing.

It enables users to quickly and easily buy or sell any token listed on Jupiter without the need to connect a wallet, adjust slippage tolerance, or confirm transactions. Instead, they can purchase tokens by simply sending the Bonkbot Telegram chat the token’s ticker, address, or URL from platforms like pump.fun, Birdeye, DEX Screener, or Meteora. Users can choose to buy tokens using quick buy buttons or in instant mode, where the bot instantly purchases any token’s ticker or contract entered, based on a specific amount of $SOL sent to it.

Furthermore, users can customize key features and buttons in Bonkbot settings to streamline the trading process:

• Minimum position value to display in the portfolio and bot language;
• Autobuy for instant purchases with a certain amount of $SOL once users enter a token address;
• Customization of the quick buy button's $SOL amount;
• Slippage tolerance, MEV protection, and transaction priority settings to speed up buy transactions;
• Sell protection and chart preview setup from DEX Screener.

Bonkbot Fees

For every buy or sell transaction, Bonkbot charges a 1% fee.

Unibot

Unibot is a DeFi trading bot, confidently holding 7th place by lifetime trading volume among all DEX trading bots, with over $994.93M in volume. It allows users to trade with advanced tools such as limit orders, copy trading, and DCA bots across Ethereum, Solana, BNB Chain, and Base blockchains–all within a completely independent trading termina,unlike most other bots that operate within Telegram.

This provides users with a more seamless experience, enabling them to enjoy charts and even use indicators on the graph through DEX Screener integration. In contrast, most Telegram bots typically only display a screenshot of the token’s graph without any live action. The Unibot crypto platform brings the familiar trading tools and approach used in CEX to the more volatile and expansive world of DEX trading, significantly enhancing the user trading experience and efficiency.

Unibot is powered by its native $UNIBOT coin, which is used for three main functions:

• Revenue sharing with token holders;
• Daily token burns of 0.1% of the market cap;
• Receiving up to 50% discounted transaction fees within the platform.

Unibot Fees

The standard fee for each buy or sell transaction on Unibot is 1%, but users can reduce this fee by up to 50% through the platform's loyalty program. Eligibility for the program is based on the amount of $UNIBOT tokens held in your wallet and the trading volume reached on a specific account.

Trojan Bot

Trojan Bot is a Telegram trading bot on Solana, developed by advisors from the Unibot team who, after some internal drama between the core team and advisors, split off to create their own project. It offers similar features to the Unibot app, such as limit orders, DCA, and copy trading bots, but operates within the Telegram bot. It also provides additional customization options like setting up confirmation buttons, enabling auto buy/sell, toggling MEV protection, and more - using a simpler approach compared to traditional trading terminals. 

Additionally, Trojan Solana bot offers one of the most extensive on-chain referral systems, with 5 layers of depth. For instance, if a user invites another via a referral code, they will receive 25% of the fees earned from that referral. If that referral invites someone else, the original user will get a 3.5% share of the new referral’s fees, and this continues up to the fifth level. Users invited by others also receive a lifetime 10% discount on trading fees with Trojan trading bot.

Trojan Bot Fees

Trojan Telegram bot charges a 1% fee per transaction. However, users invited by others get a 10% fee discount, reducing the transaction fee to 0.9%. 

Banana Gun

Banana Gun is another Telegram DEX trading bot operating on the Solana, Ethereum, Base, and Blast networks, with a native $BANANA token recently listed on Binance—the largest centralized exchange. Since its launch in July 2023, the platform has already managed to secure a spot as a top 4 DEX trading bot by volume, achieving over $6.3B in trading volume.

The Banana Gun crypto bot offers advanced trading features such as auto sniping, limit order trading, copy trading, rug pull protection, and honeypot protection. It consists of three main bots: registration, sniping (buy), and sell bots, each serving different purposes within the Bananagun bot. Users can adjust buy and take-profit settings, purchase tokens, and manage their positions with the sniping bot, while the sell bot is used to manage sell limit orders.

However, the utilization of Telegram and custodial crypto wallets as a main space for handling transactions leads to additional risks of your funds being drained. As a result, on September 19th, the Banagun was exploited, causing at least 11 users to lose around $3M. While the security breach on Bananagun has been sealed relatively quickly and the platform reported further security reinforcements for preventing potential hacks in the future, there will always be higher risks of getting hacked again until Bananagun starts implementing smart contracts. This relates not only to the Bananagun but all telegram and other custodial bots 

Finally, the Banangun is powered by its native $BANANA utility token, mainly used for:

• Participating in DAO voting;
• Accessing exclusive trading tools on Bananagun via token burns;
• Revenue sharing and accessing the token holders' chat by keeping $BANANA in your wallet;
• Trade mining.

Banana gun Fees

Banana Gun bot charges a 1% fee per transaction on Solana, Blast, and Base networks. On Ethereum, the platform charges a 0.5% fee for manual trading and limit orders, while sniping trades incur a 1% fee.

Conclusion

Choosing the best DEX trading bot can be challenging, especially when you need to clearly identify your needs and preferences. Each bot comes with its own set of features and limitations, making the decision complex. Key factors to consider include your experience with DEX or CEX trading, preferred trading strategy, the fees charged by the specific protocol, demand for trading tools such as DCA bots or trailing stop orders, and the security of your funds.

Furthermore, unlike trading terminals for CEXs, the DEX bots have a different structure of charging fees, where you pay a % for each transaction, instead of the classic SaaS subscription model. This allows you to test multiple platforms available on the market with minimum effort and investment, and only then pick the best DEX trading bot for you.