On-chain excitement amplified by the arrival of New Bybit Web3, offering a prize of $200,000 for participants
Bybit, the second-largest cryptocurrency exchange by trading volume, has unveiled its new platform, Bybit Web3. This innovative platform aims to simplify the experience of decentralized finance (DeFi) by offering a seamless centralized experience, allowing users to trade on-chain assets like USDT, USDC, SOL, and BBSOL without the need for separate wallets or gas tokens [1][3][4].
Bybit Web3 has recently been upgraded to integrate DeFi functionalities, marking a significant step forward in the platform's evolution. The upgrade includes the listing of eight new tokens, such as Ava AI, TROLL, and Uranus, to expand its Web3 platform [1][3][4].
Key features of Bybit Web3 include direct trading of new tokens with multiple stablecoins and native assets via one account, a hybrid model bridging centralized and decentralized finance for enhanced liquidity and user convenience, and plans for on-chain and off-chain arbitrage opportunities to support more advanced trading [1][4].
To promote adoption and active trading participation, Bybit Web3 is offering a limited-time prize pool of 200,000 USDT for eligible users. The prize pool is divided into two events: a Task-Based Rewards campaign offering access to a $120,000 prize pool via simple tasks like making the first Web3 trade, and a Performance-Based Competition with an $80,000 prize pool for top traders by volume on leaderboards [2][4]. Rewards are distributed on a first-come, first-served basis, and terms and conditions apply.
In addition to these incentive programs, Bybit Web3 is also hosting the WSOT 2025 trading competition. This competition, exclusive to Bybit Web3 users who have completed individual identity verification and excluding institutional users, market makers, and subaccounts, runs from August 18 to September 15, 2025. It features weekly leaderboards with rewards paid in BBSOL tokens, distributed within 21 days after the event ends [5].
Bybit, founded in 2018, is known for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools. With a community of over 70 million users, Bybit Web3 is poised to revolutionize the way users interact with DeFi [1].
As part of its mission to provide a barrier-free on-chain experience, Bybit Web3 is integrating DeFi functionalities and benefits into its trading platform, offering users the flexibility and support in an innovative model [2]. Further features, such as on-chain and off-chain arbitrage opportunities, are on the roadmap for Bybit Web3.
In other news, the '$SATOSHI' meme coin has launched its first presale, heralding the return of Satoshi Nakamoto's vision. Freedx has officially launched its centralized exchange on the web, and Xauras has entered the crypto market, redefining the future of decentralized lending. Apu is now live for trading on Hyperliquid, and Succinct, the first decentralized prover network, has launched on mainnet [1].
Bybit's Ben Zhou has invited the community to rewrite their own success in a mid-year keynote livestream, and Gate US has officially launched, offering secure and compliant crypto trading to U.S. customers [1].
In conclusion, Bybit Web3 is set to enhance the user experience in decentralized finance with a simplified on-chain trading interface and significant incentive programs. Users can navigate between the centralized exchange and Web3 on Bybit Web3 and trade on-chain assets like TUNA, PUMP, FRAG, Fartcoin, JLP, RAY, MOODENG, LetsBONK, TSLAx, MSTRx, SPYx, CRCLx, and NVDAx on the Solana network.
- The evolution of Bybit Web3 now includes the integration of DeFi functionalities, allowing users to trade on-chain assets directly with multiple stablecoins and native assets via one account, thus bridging centralized and decentralized finance for enhanced liquidity and user convenience.
- In an effort to promote adoption and active trading participation, Bybit Web3 has introduced a limited-time prize pool of 200,000 USDT, with tasks-based rewards and performance-based competitions for top traders by volume, ensuring a seamless trading experience within the cryptocurrency and DeFi landscape.
- Bybit Web3, with its advanced technology and regulatory considerations, is poised to revolutionize the way users interact with decentralized finance, leveraging the benefits of blockchain, cryptocurrency, and finance to provide a barrier-free on-chain experience for its expanding community of over 70 million users.
