History
Hummingbot is an open source framework for building high-frequency trading bots that run on crypto exchanges, both centralized and decentralized.
Launched in April 2019, Hummingbot pioneered a modular architecture that allowed external developers to contribute new exchange connectors and trading strategies. Hummingbot was originally built and open sourced by CoinAlpha, a software startup and liquidity provider backed by Initialized Capital, Bain Capital Ventures, and other leading investors.
Read the original Hummingbot whitepaper and the origin story blog post for more details.
Later, the Hummingbot team wrote the Liquidity Mining whitepaper that described an economic model for decentralized market making and subsequently launched the Miner liquidity mining platform.
In December 2021, CoinAlpha spun off the Hummingbot Foundation as a new open source entity that maintains the Hummingbot Github repository and administers a decentralized, community-driven system of software development.
Today, Hummingbot is a bazaar-style open source project with many contributors and users around the world, both individual and professional.
Articles and Videos¶
- Sasha Stoikov - Where market making meets microstructure
- Garry Tan - Hummingbot video intro
- The Defiant - Team Behind Hummingbot Gives Away Its Code Via Foundation
- Crunchbase News - Cryptocurrency Trading Bot Platform Hummingbot Buzzes With $8M Series A
- The Hummingbot origin story
- Announcing Hummingbot
- Introducing liquidity mining
- Demystifying liquidity mining rewards
- Comparing liquidity mining options in DeFi vs. Hummingbot
- Introducing the Hummingbot Foundation
- Introducing the Hummingbot Governance Token: HBOT
Engineering Posts¶
See the following blog posts from CoinAlpha CTO Martin Kou for more information about Hummingbot and Hummingbot Gateway's history, background, and intended developer experience:
- Hummingbot Architecture - Part 1
- Hummingbot Architecture - Part 2
- Hummingbot Gateway Architecture - Part 1
- Hummingbot Gateway Architecture - Part 2