Bybit Unveils New Web3 Platform with Exciting $200,000 Prize Pool

Bybit, the world’s second-largest cryptocurrency exchange based on trading volume, has marked a significant milestone with the launch of its new Web3 platform. After a brief hiatus in May 2025 for restructuring, Bybit Web3 is back and ready to revolutionize the user experience for millions worldwide, seamlessly connecting traditional trading with new decentralized finance (DeFi) functionalities.

The latest iteration of Bybit Web3 promises to break down barriers in on-chain trading, introducing features that aim to simplify the process for users. Gone are the days of complicated setups involving multiple Web3 wallets and gas tokens. Now, users can engage in on-chain activities without the hassle of external wallets, all while utilizing their Unified Trading Account (UTA) with USDT, USDC, SOL, or bbSOL. This streamlined approach enables users to dive into trading and DeFi activities effortlessly.

A Seamless On-Chain Experience

The strategic update to Bybit Web3 enhances the trading experience by integrating DeFi benefits directly into the exchange platform. This means that users can easily navigate between the centralized exchange and the Web3 environment, trading popular on-chain assets such as TUNA, PUMP, FRAG, Fartcoin, JLP, RAY, MOODENG, LetsBONK, TSLAx, MSTRx, SPYx, CRCLx, and NVDAx on the Solana network.

Exclusive Prize Pool: Unlock Your Potential

In celebration of the launch, Bybit Web3 is offering eligible users a chance to participate in a limited-time prize pool totaling $200,000, running until September 7, 2025. This includes two unique events designed to engage traders:

1. Task-Based Rewards: Participants will earn raffle tickets for a chance to access a $120,000 prize pool by completing simple tasks, including making their first Web3 transaction, regardless of amount.

2. Performance-Based Competition: More experienced Web3 traders can compete for top spots on the volume leaderboard, with a chance to win up to $80,000.

Rewards will be allocated on a first-come, first-served basis, and terms and conditions apply.

Bybit Web3 merges the potentials of decentralized finance with the efficiency of a centralized experience. With innovative features like on-chain and off-chain arbitrage opportunities, it has never been easier for users to gain an edge in the trading arena.

About Bybit

Founded in 2018, Bybit has quickly risen to become a leading cryptocurrency exchange with a global community of over 70 million users. The platform is dedicated to redefining accessibility in a decentralized world, focusing on making tools and resources available to everyone. Bybit places a significant emphasis on advancing Web3, strategically partnering with leading blockchain protocols to build a robust infrastructure that fosters innovation on the blockchain.

Renowned for its secure custody, diverse markets, intuitive user experience, and advanced blockchain tools, Bybit is bridging the gap between traditional finance and decentralized finance, empowering developers, creators, and enthusiasts to unlock the full potential of Web3.

To learn more, visit Bybit.com. Stay updated with the latest news by connecting with Bybit’s official communities on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and YouTube.