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Ethereum
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Cardano
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Key Takeaway

Banana Gun is a versatile trading bot on Telegram catering to traders on Ethereum Blast and Solana. It features advanced trading tools like auto-sniping, limit orders, and copy trading, enhanced by rigorous security measures including MEV-resistant swaps and anti-rug protections. 

With over $3.5 million in monthly fees and a large user base exceeding 124,000, Banana Gun is one of the most promising protocols for the upcoming year as it expands its footprint cross-chain.

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating

What is Banana Gun?

Banana Gun is a trading bot available on Telegram with a future deployment planned for a web application. It allows users to snipe upcoming launches or engage in secure trades of tokens that are already live, and is available on Ethereum, Blast and Solana, with plans to extend services across more networks.

This platform offers a multitude of trading tools, including auto-sniping, limit orders, and copy trading, tailored to enhance trading efficiency and gains. Banana Gun ensures trading security through features like MEV-resistant swaps, anti-rug and reorg protection, and scam and honeypot protection, aiming to be the go-to platform for traders on various blockchain networks.

What is Banana Gun?

How Does Banana Gun Work?

Banana Gun is a trading tool on Telegram that coordinates automated and manual trading processes through its specialized smart contracts on blockchain networks like Ethereum, Blast, and Solana. It utilizes sophisticated algorithms to provide functionality that enhances the trading experience for its users.

Here's a breakdown of how it works:

  • Auto Sniping: Users provide a contract address and investment details, and the system automatically handles transactions from detection of the first safe block to tax calculations.
  • Limit Orders and Dip Buying: Enables setting various profit taking and loss prevention levels, and automatically buying dips based on specified market cap or price conditions.
  • Copy Trading: Users can mimic the trades of successful traders, maintaining safety features to protect their investments.
  • Safe Swaps: Executes trades that are resistant to Maximal Extractable Value (MEV) attacks such as sandwich attacks, aiming for better entry prices.
  • Anti-Rug and Reorg Protections: Proactively prevents losses from deceptive projects and blockchain reorganizations.
  • Scam Protection: Features built-in simulations to verify the tradability of tokens before allowing transactions.

These tools and protections are integrated seamlessly, providing users with a robust platform for secure and efficient trading.

How Does Banana Gun Work?

Banana Gun Growth & Adoption

Banana Gun is demonstrating robust growth and widespread adoption, positioning itself as a top 15 protocol by revenue over the past month. It reports over $3.5 million in monthly fees, with 40% of this revenue directly benefiting holders by delivering a 30% APY in ETH/SOL. 

Despite its success, Banana Gun maintains a circulating market cap of $100 million, significantly lower than other protocols in the same tier. With more than 124,000 users, Banana Gun's market presence and financial performance signal strong ongoing adoption and user confidence.

Banana Gun Growth & Adoption

BANANA Tokenomics

The BANANA tokenomics are designed to support and drive the long-term functionality and success of the Banana Gun platform. Here's an essential overview of how the tokens are distributed and structured:

  • Investors: 2,220,000 BANANA (22.2%) - These tokens were distributed among presale investors without any specific conditions attached.
  • Liquidity: 170,000 BANANA (1.7%) - Locked for 2 years to ensure stability in the market.
  • Airdrop: 120,000 BANANA (1.2%) - Allocated for airdrops to eligible bot users, helping to promote the platform and reward early adopters.
  • Team: 1,000,000 BANANA (10%) - Split into two parts: half is locked for 8 years with a three-year linear vesting with revenue share enabled, and the other half is locked for 2 years with a three-year linear vesting but without revenue share.
  • Burn: 100,000 BANANA (1%) - Permanently removed from circulation to help control inflation and increase token value.
  • Treasury (locked): 6,380,000 BANANA (63.8%) - These tokens are earmarked for Banana Bonus emissions and operations, vesting monthly over 2 years with potential relocks.

The total supply of BANANA is 10 million tokens. The structured lock-ups and conditions attached to significant portions of the supply aim to incentivize long-term holding and stability, while also aligning the team's interests with those of the broader community. The absence of buy/sell taxes and transfer taxes is designed to encourage liquidity and trading activity.

Closing Thoughts

Banana Gun is the fastest-growing Telegram trading bot, extending its reach across major blockchain networks like Ethereum, Blast, and Solana. It meets onchain trader demands with features like auto-sniping, limit orders, and copy trading, coupled with robust security measures against common trading threats. 

Banana Gun's carefully structured tokenomics and robust market footprint are evidenced by a substantial user base exceeding 124,000 and monthly revenues topping $3.5 million. These factors highlight it as a promising investment amid the growing demand for onchain trading.

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

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