DV-PMI · Algorithmic share

Algorithmic Share of Participation

Updated 2026-06-15

As of 2026-06-15, algorithmic wallets executed 60.6% of weekly counterparty events. The 13-week moving average is 77.7% and the 52-week rolling z-score is -2.28. The share has climbed from near zero in late 2022 to a sustained majority position; humans now appear on roughly one in eight participations.

Light line: weekly share. Bold line: 13-week moving average. Each on-chain match has a maker (limit order) and a taker (market order); both are counted as separate participations.

52-week rolling statistics

Statistic	Value
Mean	82.8%
SD	9.76%
Min	60.4%
Max	94.6%

Methodology

Wallets are classified as algorithmic if they placed more than 50 trades on their peak day or more than 1,000 trades over their lifetime. This rule follows Paper 1. Algorithmic share is the fraction of weekly counterparty events attributable to algorithmic wallets. Each on-chain match has a maker (limit order) and a taker (market order); both are counted as separate participations to capture both sides honestly. The remainder is split among active retail (10-1,000 trades), sophisticated (large volume with diversified HHI), casual (2-9 trades), and one-shot (single trade) classes.

Data

bot_share_history.csv · bot_share_latest.json · bot_share_timeseries.json

Cite this index

@misc{dellavedova2026botshare,
  title        = {Algorithmic Share of Participation},
  author       = {Della Vedova, Joshua},
  year         = {2026},
  url          = {https://jdellavedova.com/bot-share}
}