Hello world! Welcome to another edition of the Web3 Python Weekly. Each week we’ll bring you one exercise, tweet, & video to keep you up to date on all things happening at the crossroads of Web3 & python. Thanks for joining us!
The State of Crypto Bots & Python Packages with Jose Alfonso
What are trading bots & where do they stand today?
A crypto trading bot is a computer program that automatically buys and sells assets by submitting orders to exchanges. A crypto bot automates trades according to a set of predetermined rules. These bots can be purchased from bot development companies, or self-developed by using open-source software.
The 2021 bull run observed growing demand and usage of trading bots. Shrimpy and 3commas come to mind. Shrimpy for its auto rebalancing on one hand and 3commas with its signal marketplace and ease-of-use.
In December 2022, an anonymous hacker leaked 100,000 3commas Binance and KUCoin API keys on Twitter. This caused user losses of approximately 22M$. Since then, trading bots connected to centralized exchanges via API have seen a sharp decline in usage.
Cryptocurrency trading bots executing transactions on decentralized exchanges have started to emerge.
Active crypto trading bots (on DEXes) with Python Packages 🐍
1) Hummingbot
https://hummingbot.org/
https://docs.hummingbot.org/scripts/
2) CoWSwap
https://cow.fi
https://github.com/bh2smith/cowswap-integrations-py
3) GunBot
https://gunbot.com
https://github.com/dgnsrekt/gunbot.py
4) LimitSwap
https://limitswap.com
https://github.com/CryptoGnome/LimitSwap
Getting Started with VolumeFi Trading Bots & Intelligent Automation
Visit the Volume website to know more about what we're building & don't hesitate to reach out if you have something in mind.
Website
Email
Github
Other references:
State of Crypto Bots
Bots on Paloma
AlphaGrowth AMA on Trading Bots
Retail diving into the world of GPT
Setting an unrealistic goal?
https://twitter.com/RedditPython/status/1647313853590454274?s=20
That's it for today & see ya next time! If you liked this issue, be sure to share! 🐍