'Can You Earn a Lambo by Being a Flash Arbitrageur on BNB Smart Chain?' blockchain cryptocurrency
BSC blockchain. I was using our Datamint data analytics engine to look for the most profitable actors. This engine contains historical and live data being constantly streamed from the most active blockchain in terms of daily active users’ quantity — BNB Smart Chain . I had a hypothesis that it was possible to find trading insights from these traders’ behavior. Suddenly, something caught my attention. I found a trader who managed to overplay the market by 270 BNB .
So, this arbitrageur leverages flash loans. This way, he can execute arbitrage without a penny of working capital . But we also have another difference here: the small profit. The trader got only 1.26$ and paid something like 0.54$ for gas. So, his net profit for this transaction was less than 1$. However, arbitrageurs like this one may do dozens of arbitrage attempts per minute. This means he probably still earned a lot. Soon, we’ll know how much exactly.
Find out the contract creator — we need this because one arbitrageur may have multiple contracts and we want to group them together. We also can see a slow but steady decline in arbitrageurs’ profits. . I interpret this decline as the fact that DeFi markets are becoming more mature and efficient, leaving less room for value extraction by arbitrage.
And big sales in DEX protocol mean big price changes. This causes big price discrepancies between different DEXes
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