#Cryptocurrency #Bybit #Dubai #UAE #SoSoValue

Bybit's Innovative Shift in Project Disclosures

Bybit, a leader in the cryptocurrency exchange sector, is making headlines by launching an industry-first project disclosures framework aimed at improving transparency for listed tokens. As the second-largest exchange globally by trading volume, Bybit's approach is set to redefine how information is shared and evaluated within the crypto landscape.

A New Era of Accountability

On February 18, 2025, Bybit announced a bold initiative that compels all listed projects to provide comprehensive financial and operational data. This groundbreaking move ushers in a new era for accountability in the crypto market and aims to enhance the quality of information accessible to investors.

To facilitate this, Bybit has unveiled the Bybit Listing Billboard, a dedicated section that allows projects to publish regular performance metrics and detailed financial reports. This initiative is designed to empower users to conduct thorough due diligence and align with the growing demand for transparency in this sector.

SoSoValue: The First to Adopt

SoSoValue is the first project to adopt this new disclosure framework, seamlessly adhering to the updated requirements set by Bybit. They have commenced sharing vital key performance indicators (KPIs) and metrics that offer unprecedented insights into their projects. Some of the noteworthy figures reported include a Total Value Locked (TVL) of $190.80 million, 9.79 million monthly active users, 309,570 active wallets, and on-chain transaction volumes totaling $261.3 million within the project’s ecosystem.

This level of disclosure signifies a shift in the industry’s approach to operational transparency and an essential step for investors who are keen on understanding the various aspects of project performance beyond the initial tokenomics.

Dimensions of Transparency

Bybit’s framework encompasses five crucial dimensions of project health:
1. Core Financials
2. Token Metrics
3. On-chain Activity and Network Health
4. Governance and Community Engagement
5. Risk Disclosures and Future Roadmaps

These dimensions are set to provide a holistic overview of any listed project, offering insight into financial growth, community engagement, and even potential risks that might affect the project moving forward.

Industry-Wide Implications

This initiative arrives at a critical juncture when investor expectations and regulatory scrutiny regarding accountability are peaking within the digital asset markets. Bybit's effort to enforce disclosure measures can set a benchmark for operational excellence across the cryptocurrency industry. It is expected that this enhanced transparency will not only strengthen market integrity but also enhance investor protection, ultimately contributing to a more mature trading environment.

Emily Bao, Bybit’s Head of Spot and Web3, emphasized, “Bybit is committed to delivering the level of transparency our users expect from us. The initiative will guide traders through their research phases and allow them to track project performance over time.”

Jivvva Kwan, the co-founder of SoSoValue, stated, “SoSoValue and Bybit share a mutual ethos of openness, which is critical in building trust within the crypto community. We are proud to be the first project fully embracing this openness on Bybit.”

The Future of Cryptocurrency Trading

As the cryptocurrency market evolves, the push for improved transparency across platforms is more vital than ever. Bybit’s disclosure framework is expected not only to impact how projects interact with investors but to influence broader practices across the industry, promoting trust and confidence in digital assets.

To learn more about the latest disclosures from SoSoValue and other projects on Bybit, visit their official platform.