BANANA GUN: KING OF ORDERFLOW

Summary from the TLDR Crypto newsletter

Telegram bots like Banana Gun, which allow for trading tokens in a Telegram chat on Ethereum or Solana, are a misunderstood and valuable business operation. Its 150k users are willing to pay high fees for a simple UX, and the bot is on track to generate nearly $8 billion in volume and $60 million in cash flow this year. Its adjusted market cap is $345 million. It pays 40% of revenue to token holders, using the rest for expenses and growth initiatives.