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What order do users’ buys get executed in?

For auto-buys on the open market, AutoBoy prioritises transaction submission based on the following:
  1. Market cap descending: i.e. execution is attempted for orders willing to buy at the highest market cap first (where ‘No limit’ is the highest).
  2. Spend amount descending: i.e. bigger orders fill first.
So, somebody who is willing to spend 100 USDC at a 500K MCap will have their buy transaction prioritised over someone who’s willing to spend 200 USDC at a max 100K MCap.