Bankr Trading Bot Adds Solana Support, Enables Token Deployments on Raydium
February 2, 2024 – The decentralized finance (DeFi) ecosystem saw a notable development today as AI‑driven trading platform Bankr announced native integration with the Solana blockchain. The upgrade allows creators to mint and launch tokens directly on Solana’s Raydium exchange, the network’s sixth‑largest protocol by total value locked (TVL).
Overview of the Expansion
Bankr, a crypto‑trading bot that leverages AI agents to automate token creation and market making, previously operated on Ethereum, Base, and Polygon. By adding Solana, the platform now spans four major ecosystems, positioning itself as a cross‑chain solution for token issuers and liquidity providers.
The integration enables users to deploy ERC‑like tokens on Solana’s high‑throughput architecture and list them instantly on Raydium, a decentralized exchange (DEX) that combines an order‑book model with automated market maker (AMM) features. Raydium’s deep liquidity and extensive network of Solana projects make it an attractive launchpad for new tokens.
Fee Structure and Revenue Impact
Bankr outlined a two‑tier fee model for Solana launches:
- Pre‑migration creator fee: 0.5 % of the initial token issuance.
- Post‑migration revenue split: 50 % of swap fees flow to the token creator, 40 % is retained by Bankr, and the remaining 10 % is burned.
According to on‑chain analytics from DefiLlama, the addition of Solana coincides with a surge in Bankr’s financial performance. The protocol’s annualized revenue now exceeds $580 k, with 30‑day fees around $47.6 k and daily fees approaching $2 k. These figures suggest that expanding onto a faster, lower‑cost chain is already contributing to higher fee accrual.
Market Reaction
The announcement triggered a short‑term rally in Bankr’s native token, BNKR. CoinGecko reported a price increase of roughly 21 % to $0.00063 on the day of the news, placing BNKR among the top gainers for the session. The token is also up more than 120 % on a week‑long basis, reflecting renewed investor interest following the cross‑chain rollout.
Token Performance After Launch
While the platform’s own token dominates activity, broader usage metrics reveal mixed outcomes for third‑party projects launched via Bankr:
- Dune analytics identified about 25 tokens with observable trading data. BNKR alone accounts for the bulk of volume, with an all‑time cumulative trade of roughly $41.8 k.
- Excluding BNKR, roughly 88 % of the remaining tokens have generated less than $10 k in total volume and show negligible recent trading activity. This points to thin liquidity and limited post‑launch traction for most creator‑issued assets.
The data underscores a challenge common to many token‑launch services: while the barrier to entry is low, maintaining active markets and sufficient depth often requires additional incentives or community engagement beyond the initial deployment.
Analysis
Bankr’s move onto Solana aligns with a broader industry trend of seeking faster, fee‑efficient chains to improve user experience and broaden market reach. Raydium’s hybrid DEX model offers creators both order‑book transparency and AMM liquidity, potentially attracting traders who prefer Solana’s sub‑second settlement times.
However, the modest volumes for most third‑party tokens suggest that simply providing a launch mechanism does not guarantee sustainable trading activity. Success may depend on:
- Strategic tokenomics: Incorporating mechanisms that reward holders or liquidity providers could improve depth.
- Marketing and community building: Projects need to drive external demand beyond the initial creator network.
- Incentive alignment with Bankr’s fee model: The 40 % revenue share retained by Bankr incentivizes the platform to support token health, but creators must also see a clear path to liquidity.
If Bankr can leverage its AI capabilities to recommend optimal fee structures, liquidity provisioning, or cross‑chain arbitrage opportunities, it may enhance the long‑term viability of the tokens it helps launch.
Key Takeaways
- Cross‑chain expansion: Bankr now supports Ethereum, Base, Polygon, and Solana, allowing token creation on the Raydium DEX.
- Fee design: A 0.5 % upfront fee and a 50/40/10 split of swap fees (creator/Bankr/burn) aim to balance creator incentives and protocol revenue.
- Revenue growth: Annualized fees exceed $580 k, with daily fees approaching $2 k following the Solana rollout.
- BNKR rally: The native token saw a 21 % price jump on the announcement day and remains up over 120 % week‑on‑week.
- Liquidity concerns: Apart from BNKR, the majority of tokens launched via Bankr have limited trading volume and thin liquidity, highlighting the need for stronger post‑launch support.
Bankr’s Solana integration marks a significant step toward a more versatile DeFi tooling landscape, yet the platform’s long‑term impact will hinge on its ability to foster active markets for the tokens it facilitates.
Source: https://thedefiant.io/news/defi/trading-bot-bankr-adds-solana-support
