A recent survey conducted by crypto exchange CEX.IO, using data from Allium, found that automated trading bots were responsible for 70% of stablecoin transaction volume in 2024. The majority of these transactions fell into the unadjusted category, with bot activity experiencing a fourfold increase compared to the previous year. The dominance of USDC in the unadjusted category indicates that much of its transaction activity was bot-driven. Coinbase's layer-2 network Base saw the biggest impact from bots, surpassing Ethereum in total stablecoin transaction volume in Q4 2024. Without bot activity, the stablecoin transaction landscape would be significantly different, as adjusted stablecoin transfer volume still lagged behind bot-driven activity. Tether remained the dominant stablecoin for organic transactions, while PayPal's PYUSD showed significant adoption growth but represented a small portion of organic transaction activity.



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