Bots and success rate
Compare the success rate of transactions executed by bots in the past 60 days with average users' transactions in the same time period. Is there any difference and any trends identifiable?
Terra is a blockchain network built using Cosmos SDK specializing in stablecoin creation. Rather than use fiat or over-collateralized crypto as reserves, each Terra stablecoin is convertible into the network's native token, LUNA. LUNA allows holders to pay network fees, participate in governance, stake in the Tendermint Delegated Proof of Stake consensus mechanism, and peg stablecoins.
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Daily Percent of Successful Transactions By Average Users (Past 60 Days)
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Percent of Successful Transactions By Average Users (Past 60 Days)
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Daily Percent of Successful Transactions By Bots (Past 60 Days)
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Percent of Successful Transactions By Bots (Past 60 Days)
In this dashboard I am going to be looking the at the rate of successful transactions between bots and average users. I am going to define bots as addresses that have made over 10,000 transactions since the start of 2022, this number of transactions is highly unlikely to be made my normal users which is why I believe they should be labeled as bots. If we look at the first graph we can see that the rate of successful transactions by average users have been all over the place over the last 60 days. The graph is in constant fluctuation with highs of about 98% and lows of nearly 90%. The success rate of transactions done by bots over the last 60 days follows a similar trend, but the success rate tends to be higher. Over the last 60 days transactions by bots have seen success rates as high as 99% and lows only as low as about 94%. If we look at the average success rate for both over the last 60 days we can see that average users success rate is 95.3 while it is 97.9 for bots. Bots over the last 60 days have consistently been 2.6% more successful in there transactions.
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The Success rate of transactions done by bots is 2.6% higher over average over the last 60 days.
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Both bots and average users tend to have transaction success rates greater 90.