The New Bybit Web3 Launches with a $200,000 On-Chain Prize Pool

Bybit Web3: A New Era in Trading

On August 8, 2025, Bybit, recognized as the world's second-largest cryptocurrency exchange by trading volume, unveiled its revamped Bybit Web3 platform. This launch marks a significant evolution in the Web3 ecosystem, enabling users to engage in decentralized finance (DeFi) with unprecedented ease and excitement.

A Seamless On-Chain Experience

The updated Bybit Web3 redefines how crypto trading takes place by integrating critical DeFi functionalities directly into the platform. Users now no longer need to manage multiple Web3 wallets or deal with gas tokens to engage in on-chain trading. Instead, they can utilize a Unified Trading Account (UTA) with supported tokens like USDT, USDC, SOL, or bbSOL. This streamlined process allows for hassle-free trading experiences, devoid of the complexities typically associated with cryptocurrencies.

Bybit Web3 succinctly embodies the evolution of trading, where users can effortlessly navigate between the centralized exchange and Web3 functionalities. This allows for direct trading of popular on-chain assets, including TUNA, PUMP, FRAG, Fartcoin, JLP, RAY, MOODENG, LetsBONK, TSLAx, MSTRx, SPYx, CRCLx, and NVDAx on the Solana network.

Exclusive Prizes to Celebrate the Launch

To further entice users, Bybit has introduced a limited-time $200,000 prize pool exclusive to Web3 participants. From now until September 7, 2025, eligible users can unlock this impressive prize through participation in two distinct events:

1. Task-Based Rewards: Participants who complete straightforward tasks, such as executing their first Web3 trade, will earn Lucky Draw tickets for a share of the prize pool worth 120,000 USDT.

2. Performance-Based Competition: Traders can compete for top spots on the trading volume leaderboard, with the opportunity to win up to 80,000 USDT based on their trading prowess and volume.

These rewards will be allocated on a first-come, first-served basis, and participants are encouraged to check the general terms and conditions to ensure they qualify.

Bridging the Gap Between TradFi and DeFi

By embracing Web3 technology, Bybit is not only offering flexibility and innovative solutions but is also reinforcing its commitment to building a robust trading ecosystem. Future plans include introducing additional functionalities, such as on-chain and off-chain arbitrage opportunities, which will enhance users' ability to navigate the blockchain and maximize their trading potential.

With the launch of Bybit Web3, the platform aims to redefine what users can expect from a cryptocurrency exchange, blending the simplicity of centralized environments with the benefits of decentralized finance. Bybit successfully merges these two worlds, empowering traders and enthusiasts alike to effortlessly access the expansive opportunities that blockchain technology offers.

As Bybit continues to expand its offerings, it remains focused on clear communication and robust community engagement. By fostering relationships with leading blockchain protocols and enhancing its educational resources, Bybit ensures that its users are equipped to navigate the future of decentralized finance confidently.

Conclusion

Bybit stands at the forefront of the cryptocurrency exchange landscape, launching Bybit Web3, which is set to revolutionize how users experience DeFi. With its user-centric approach, the exchange not only simplifies the trading process but also incentivizes participation through attractive rewards. As the crypto world continues to evolve, Bybit is dedicated to bridging the gap between traditional finance and the exciting, limitless potential of decentralized finance. Explore the possibilities of DeFi with Bybit Web3 today! Visit Bybit.com for more information and updates on this groundbreaking launch.