KEY TAKEAWAYS
- Bybit has launched a revamped Web3 platform, enhancing on-chain trading experiences for users globally.
- The platform simplifies DeFi access by integrating core functionalities, eliminating the need for multiple wallets and gas tokens.
- Bybit offers a 200,000 USDT prize pool to celebrate the launch, with rewards for task completion and trading performance.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its revamped Web3 platform. The announcement, made here, marks a significant step in the company’s mission to enhance on-chain trading experiences for users worldwide.
Returning from a hiatus that began in May 2025, Bybit Web3 aims to simplify access to decentralized finance (DeFi) by integrating core functionalities into its trading platform. This strategic upgrade eliminates the need for multiple Web3 wallets and gas tokens, streamlining the process for users.
Barrier-Free On-Chain Experience
The new Bybit Web3 platform offers a seamless user journey by allowing users to engage in on-chain trading without the complexities of setting up and managing on-chain wallets. Users can utilize their Bybit Unified Trading Account (UTA) with USDT, USDC, SOL, or bbSOL to explore on-chain trading and DeFi activities.
Bybit users can easily switch between the centralized exchange and Web3, trading popular on-chain assets such as TUNA, PUMP, FRAG, and others on the Solana network. This integration aims to provide a more accessible and user-friendly experience for traders.
Exclusive Prize Pool for Bybit Web3 Users
To celebrate the launch, Bybit is offering a limited-time prize pool of 200,000 USDT, available until September 7, 2025. The prize pool is divided into two events: task-based rewards and performance-based competition.
In the task-based rewards event, participants can earn Lucky Draw Tickets by completing simple tasks, such as making their first Web3 trade, to unlock a 120,000 USDT prize pool. Meanwhile, the performance-based competition allows more experienced traders to compete for top leaderboard spots by trading volume, with a chance to win up to 80,000 USDT.
Rewards are distributed on a first-come, first-served basis, and terms and conditions apply. Bybit Web3 combines the potential of Web3 with the convenience of a centralized experience, offering users flexibility and support in an innovative model.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has launched a new Web3 platform, offering a seamless on-chain trading experience and a $200,000 prize pool to incentivize users. This initiative aims to simplify decentralized finance (DeFi) access by integrating core functionalities into its trading platform.
A recent industry report highlights the growing trend of hybrid CEX-DEX platforms that integrate DeFi features with centralized exchange convenience. This aligns with Bybit’s strategy to offer a unified trading account without the need for multiple wallets or gas tokens, facilitating barrier-free on-chain trading. The report suggests that such innovations are part of a broader industry push towards enhancing user experience and liquidity.
According to expert insights, Bybit’s Web3 platform is a strategic upgrade that could set a new industry standard by reducing technical obstacles for mass adoption. This supports the news event’s impact by highlighting the platform’s potential to democratize DeFi access and attract a broader user base.
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