Nightbot has been the default Twitch chat bot for roughly 10 years and it has earned that position. It's free, it's reliable, the command syntax is simple, the regex moderation works exactly the way you'd expect, and the dashboard hasn't changed much because it didn't need to. For a single-platform Twitch streamer in 2018 it was probably the right answer. For a lot of streamers in 2026 it still is.
The reason Nightbot's model held up for so long is that Twitch chat moderation, from 2014 until roughly 2021, was a problem you could mostly solve with rules. Block links unless they're whitelisted. Time out anyone who posts the n-word in chat. Auto-respond to !discord with the invite link. Welcome new viewers with a templated message. The shape of the problem matched the shape of a rule engine.
What changed since then: streamers go live on multiple platforms simultaneously, each with its own chat with its own norms; toxic behavior evolved beyond the slur lists into dog-whistles, sarcasm, and context-dependent ban-baiting that regex can't see; viewers expect bots to do more than time out and post links — they expect the bot to feel like part of the community; and the volume of chat across multi-platform streams now exceeds what a single moderator (human or rule-based) can actually keep up with.
The shape of the problem changed. The shape of the rule engine didn't. That's why this comparison exists.