Learn how Plus Wallet excels as a top Web3 wallet with limitless rewards & supreme adaptability. Stay in the know about Bitwise's new ETF & the latest from Bybit Web3 Wallet.

Plus Wallet Vs Bybit Web3 Wallet; Latest Updates On Bitwise's New ETFs!

Kaito is an AI-powered search engine specifically designed for the cryptocurrency space. Find out more now!

Kaito: AI-Powered Web3 Search Engine | Bybit Learn

/CNW/ -- Bybit, the world's second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on...

Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities

/PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking...

Bybit Web3 Celebrates SpaceS Milestone: Over 2.5 Million Members in the TON Ecosystem and Joins The Open League

Bybit Web3 Celebrates SpaceS Milestone: Over 2.5 Million Members in the TON Ecosystem and Joins The Open League By Chainwire

Bybit Web3 launches Sui Wonderland 2024, empowering users to engage in the Sui blockchain ecosystem through airdrops, staking, and trading activities. Discover how Bybit is driving blockchain innovation and community growth.

Bybit Web3 Launches Sui Wonderland 2024, Fostering Blockchain Ecosystem Collaboration - FinanceFeeds

Dubai, United Arab Emirates, 14th November 2024, Chainwire

Bybit and DMCC Hackathon Pitch Day: Watch the Future of Web3 Unfold in Dubai - Crypto News Flash

DUBAI, United Arab Emirates, Nov. 10, 2024 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is excited to announce its latest collaboration with Aptos, the innovative blockchain network, to empower Web3 builders with an exclusive APT Ecosystem Airdrop.

Bybit Web3 and Aptos Kick Off APT Ecosystem Airdrop | The Manila Times

MANTRA has partnered with Google Cloud, making it a primary validator and infrastructure provider for MANTRA Chain.

MANTRA Partners with Google Cloud to Strengthen Blockchain Infrastructure and Launch RWA Accelerator | Bybit Learn

Bonfida (FIDA) establishes decentralized identities on Solana, enabling users to manage web3 domain names through the Solana Name Service (SNS).

Bonfida (FIDA): Establishing Your Identity in the Web3 World | Bybit Learn

Bybit

bybit

Dubai, United Arab Emirates, January 23rd, 2025/Chainwire/--Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has shared its vision for 2025 during the livestream event: Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown. Ben Zhou, Co-founder and CEO, reflected on Bybit’s 2024 journey, emphasizing the company’s dedication to growth, innovation, and its guiding principle: 'Listen, Care, Improve.' The event, featuring insights from Bybit’s leadership team, highlighted key milestones, solutions to major challenges, and plans to empower users and advance the cryptocurrency ecosystem. A Transparent and User-Centric Approach Bybit’s 2025 vision is a testament to the company’s commitment to placing its users at the center of every initiative. Zhou, in a keynote address, underscored the importance of embracing both achievements and challenges. “To build a better Bybit for all, we must listen to our users, care deeply about their needs, and constantly improve. Our vision for 2025 reflects these values,” Zhou stated. The keynote showcased Bybit’s accomplishments in 2024 while openly discussing areas for improvement, underscoring the company’s pledge to maintain transparency and foster trust within its community. Staying Connected to Users At the core of Bybit’s philosophy lies an unwavering commitment to listening to its users. “Our goal is to be the exchange that truly understands its users and acts on their feedback,” Zhou emphasized during the keynote. This user-centric approach has driven Bybit to engage actively with its community to identify and address pain points. In 2024, the Bybit Card program, enhanced in response to user feedback, expanded into six regions with improved features such as faster support response times (reduced from 32 to 12 hours), better rates, and seamless integration with digital wallets like Apple Pay and Google Pay. Turning Challenges into Opportunities Bybit’s dedication to its users was exemplified in how it transformed challenges into growth opportunities. For instance, the $NOT coin incident, which impacted over 310,000 users, highlighted gaps in handling high traffic and trading volumes. Zhou remarked, “We listened, owned our mistakes, and used these experiences to build better systems.” These lessons enabled Bybit to seamlessly handle the $HMSTR token airdrop later in the year, delivering tokens to 4.3 million participants without delays. Bybit took this chance to build an effective traffic prediction model and upgraded its SOPs to manage massive volume spikes in the future. Stablecoin partnerships with Circle, Ethena, and Tether reinforced Bybit’s focus on user needs. These collaborations solidified Bybit’s position as a leader in USDC trading, achieving a 36% market share, while USDe dominated with a 99% market share in the second half of 2024. Advancing Products and the Industry Bybit’s pursuit of improvement translated into several innovations in 2024. TradeGPT, the industry-first platform’s AI-powered trading assistant, attracted over 5 million users, redefining how traders access insights and market analysis. Pre-Market Perpetuals, allowing traders to hedge and speculate before token launches, saw notable engagement with tokens like $HYPE and $TRUMP. The platform also enhanced its Puzzle Hunt program, combining gamified education with rewards, and continued expanding Launchpool, which simplifies earning rewards from promising projects. With ByVotes 2.0, users can gain a greater voice in project listings, reinforcing Bybit’s community-focused ethos. Bybit also launched bbSOL, the world’s first exchange-backed liquidity staking token on Solana, achieving a Total Value Locked (TVL) of $240 million within just five months. Bybit continued its role as an innovator in ecosystem expansion, forming strategic partnerships with Solana, TON, and Sui. These collaborations introduced new opportunities for users while underscoring Bybit’s commitment to fostering blockchain innovation. The exchange achieved record growth, tripling its user base to over 60 million and surpassing an average daily trading volume of $36 billion "Our progress is a reflection of the trust our users place in us and our determination to set new standards in the industry," Zhou remarked. A Visionary Roadmap for 2025 Bybit’s roadmap for 2025 reflects its core philosophy of Listen, Care, Improve, prioritizing tools, liquidity, and user-centric initiatives that redefine the crypto landscape. Strategic partnerships will further diversify Bybit’s offerings. Collaborations with Ethena have introduced innovations like USDe, and upcoming products such as real-world asset (RWA)-backed instruments, including T-bills, will enrich Bybit Earn’s portfolio. These initiatives align with Bybit’s commitment to integrating traditional assets into crypto portfolios, enhancing both flexibility and reliability. Bybit envisions a future deeply integrated with Web3 under the banner of The Future of Onchain Bybit: Your Gateway to Web3. This includes integrating on-chain asset management, advanced trading tools, and DeFi solutions into a seamless, all-in-one Web3 platform for all. Bybit also plans significant on-chain asset expansions and new wallet and infrastructure upgrades, while deepening integration with growing ecosystems like Atom, Ada, Babylon, Athena, Sei, Monad, Bera, and more. "Our roadmap for 2025 reflects our commitment to empowering users and advancing the crypto ecosystem," Zhou stated. "We will continue to innovate, improve, and make crypto accessible for everyone." #Bybit / #TheCryptoArk / #KeynotewithBen About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here Dubai, United Arab Emirates, January 23rd, 2025/Chainwire/--Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has shared its vision for 2025 during the livestream event: Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown . Ben Zhou, Co-founder and CEO, reflected on Bybit’s 2024 journey, emphasizing the company’s dedication to growth, innovation, and its guiding principle: 'Listen, Care, Improve.' Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown The event, featuring insights from Bybit’s leadership team, highlighted key milestones, solutions to major challenges, and plans to empower users and advance the cryptocurrency ecosystem. A Transparent and User-Centric Approach Bybit’s 2025 vision is a testament to the company’s commitment to placing its users at the center of every initiative. Zhou, in a keynote address, underscored the importance of embracing both achievements and challenges. “To build a better Bybit for all, we must listen to our users, care deeply about their needs, and constantly improve. Our vision for 2025 reflects these values,” Zhou stated. “To build a better Bybit for all, we must listen to our users, care deeply about their needs, and constantly improve. Our vision for 2025 reflects these values,” Zhou stated. The keynote showcased Bybit’s accomplishments in 2024 while openly discussing areas for improvement, underscoring the company’s pledge to maintain transparency and foster trust within its community. Staying Connected to Users At the core of Bybit’s philosophy lies an unwavering commitment to listening to its users. “Our goal is to be the exchange that truly understands its users and acts on their feedback,” Zhou emphasized during the keynote. “Our goal is to be the exchange that truly understands its users and acts on their feedback,” Zhou emphasized during the keynote. This user-centric approach has driven Bybit to engage actively with its community to identify and address pain points. In 2024, the Bybit Card program, enhanced in response to user feedback, expanded into six regions with improved features such as faster support response times (reduced from 32 to 12 hours), better rates, and seamless integration with digital wallets like Apple Pay and Google Pay. Turning Challenges into Opportunities Bybit’s dedication to its users was exemplified in how it transformed challenges into growth opportunities. For instance, the $NOT coin incident, which impacted over 310,000 users, highlighted gaps in handling high traffic and trading volumes. Zhou remarked, “We listened, owned our mistakes, and used these experiences to build better systems.” “We listened, owned our mistakes, and used these experiences to build better systems.” These lessons enabled Bybit to seamlessly handle the $HMSTR token airdrop later in the year, delivering tokens to 4.3 million participants without delays. Bybit took this chance to build an effective traffic prediction model and upgraded its SOPs to manage massive volume spikes in the future. Stablecoin partnerships with Circle, Ethena, and Tether reinforced Bybit’s focus on user needs. These collaborations solidified Bybit’s position as a leader in USDC trading, achieving a 36% market share, while USDe dominated with a 99% market share in the second half of 2024. Advancing Products and the Industry Bybit’s pursuit of improvement translated into several innovations in 2024. TradeGPT, the industry-first platform’s AI-powered trading assistant, attracted over 5 million users, redefining how traders access insights and market analysis. Pre-Market Perpetuals, allowing traders to hedge and speculate before token launches, saw notable engagement with tokens like $HYPE and $TRUMP. The platform also enhanced its Puzzle Hunt program, combining gamified education with rewards, and continued expanding Launchpool, which simplifies earning rewards from promising projects. With ByVotes 2.0, users can gain a greater voice in project listings, reinforcing Bybit’s community-focused ethos. Bybit also launched bbSOL, the world’s first exchange-backed liquidity staking token on Solana, achieving a Total Value Locked (TVL) of $240 million within just five months. Bybit continued its role as an innovator in ecosystem expansion, forming strategic partnerships with Solana, TON, and Sui. These collaborations introduced new opportunities for users while underscoring Bybit’s commitment to fostering blockchain innovation. The exchange achieved record growth, tripling its user base to over 60 million and surpassing an average daily trading volume of $36 billion "Our progress is a reflection of the trust our users place in us and our determination to set new standards in the industry," Zhou remarked. A Visionary Roadmap for 2025 Bybit’s roadmap for 2025 reflects its core philosophy of Listen, Care, Improve, prioritizing tools, liquidity, and user-centric initiatives that redefine the crypto landscape. Strategic partnerships will further diversify Bybit’s offerings. Collaborations with Ethena have introduced innovations like USDe, and upcoming products such as real-world asset (RWA)-backed instruments, including T-bills, will enrich Bybit Earn’s portfolio. These initiatives align with Bybit’s commitment to integrating traditional assets into crypto portfolios, enhancing both flexibility and reliability. Bybit envisions a future deeply integrated with Web3 under the banner of The Future of Onchain Bybit: Your Gateway to Web3. This includes integrating on-chain asset management, advanced trading tools, and DeFi solutions into a seamless, all-in-one Web3 platform for all. Bybit also plans significant on-chain asset expansions and new wallet and infrastructure upgrades, while deepening integration with growing ecosystems like Atom, Ada, Babylon, Athena, Sei, Monad, Bera, and more. "Our roadmap for 2025 reflects our commitment to empowering users and advancing the crypto ecosystem," Zhou stated. "We will continue to innovate, improve, and make crypto accessible for everyone." "Our roadmap for 2025 reflects our commitment to empowering users and advancing the crypto ecosystem," Zhou stated. "We will continue to innovate, improve, and make crypto accessible for everyone." #Bybit / #TheCryptoArk / #KeynotewithBen About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . Bybit.com Bybit.com For more details about Bybit, please visit Bybit Press Bybit Press Bybit Press For media inquiries, please contact: media@bybit.com media@bybit.com media@bybit.com For updates, please follow: Bybit's Communities and Social Media Bybit's Communities and Social Media Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Bybit Unveils 2025 Vision: A User-Centric Approach To Crypto Innovation

تكشف شركة Bybit عن رؤيتها لعام 2025: نهج يركز على المستخدم في مجال ابتكارات العملات المشفرة

Bybit ukax 2025 maran uñjäwip uñacht’ayi: Mä Usuario-Céntrico uñakipaña Cripto Innovación ukataki

Bybit presenta su visión para 2025: un enfoque centrado en el usuario para la innovación en criptomonedas

Bybit presenta a visión 2025: un enfoque centrado no usuario para a innovación criptográfica

A Bybit bemutatja a 2025-ös jövőképet: a kriptográfiai innováció felhasználóközpontú megközelítése

Bybitが2025年のビジョンを発表：暗号通貨イノベーションへのユーザー中心のアプローチ

Bybit 2025 Vision ачат: Крипто инновациясына колдонуучуга багытталган мамиле

Bybit ເປີດເຜີຍວິໄສທັດ 2025: ວິທີທີ່ຜູ້ໃຊ້ເປັນໃຈກາງໃນການປະດິດສ້າງ Crypto

Bybit revela a visão para 2025: uma abordagem centrada no usuário para a inovação em criptomoedas

Bybit odhaľuje víziu 2025: prístup zameraný na používateľov ku krypto inováciám

Бибит открива визију 2025: Приступ крипто иновацијама оријентисан на корисника

“Bybit” 2025 görnüşini görkezýär: Kripto innowasiýasyna ulanyjy merkezi çemeleşmesi

DUBAI, United Arab Emirates, December 18th, 2024/Chainwire/--Bybit,the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the launch of its Private Wealth Management (PWM) service, tailored to meet the unique needs of high-net-worth individuals and institutional clients. This customized offering reflects Bybit's commitment to delivering premium financial solutions that empower clients in an increasingly sophisticated market environment with the surging importance of digital assets. As global markets become more complex, there is a growing demand for premium wealth management services, particularly in areas such as risk management and asset allocation. Additionally, digital assets have emerged as one of the key asset classes for high-net-worth individuals and institutional investors, offering unprecedented opportunities for growth and diversification. Bybit’s PWM service is designed to address these needs with precision and innovation: Tailored Portfolio Management: Customized investment strategies aligned with individual financial objectives.
Exclusive Investment Opportunities: Access to premium, high-return assets designed specifically for high-net-worth clients.
Bespoke Asset Allocation Strategies: Solutions to optimize returns while mitigating risks.
Uncompromising Asset Security: Industry-leading measures, including third-party custody, ensuring 100% security of digital assets.
Leading Market Insights: Timely updates on emerging trends in the crypto market, enabling clients to stay ahead of the curve. “At Bybit, we understand that every client’s financial journey is unique. Through our new Private Wealth Management service, we aim to provide customized, innovative solutions that not only help them grow their digital assets but also provide professional services in risk management and asset allocation," said Jerry Li, Head of Financial Products & Wealth Management at Bybit. With the growing significance of digital assets in diversified portfolios, Bybit’s PWM service offers high-net-worth clients a secure, seamless gateway to exclusive opportunities in this dynamic space. This new service reflects Bybit’s steadfast commitment to being a trusted partner in the cryptocurrency and digital asset markets, helping clients achieve their financial goals with confidence and clarity. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For more information, please visit: https://www.bybit.com For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here DUBAI, United Arab Emirates, December 18th, 2024/Chainwire/--Bybit,the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the launch of its Private Wealth Management (PWM) service , tailored to meet the unique needs of high-net-worth individuals and institutional clients. Private Wealth Management (PWM) service Private Wealth Management (PWM) service This customized offering reflects Bybit's commitment to delivering premium financial solutions that empower clients in an increasingly sophisticated market environment with the surging importance of digital assets. As global markets become more complex, there is a growing demand for premium wealth management services, particularly in areas such as risk management and asset allocation. Additionally, digital assets have emerged as one of the key asset classes for high-net-worth individuals and institutional investors, offering unprecedented opportunities for growth and diversification. Bybit’s PWM service is designed to address these needs with precision and innovation: Tailored Portfolio Management: Customized investment strategies aligned with individual financial objectives. Exclusive Investment Opportunities: Access to premium, high-return assets designed specifically for high-net-worth clients. Bespoke Asset Allocation Strategies: Solutions to optimize returns while mitigating risks. Uncompromising Asset Security: Industry-leading measures, including third-party custody, ensuring 100% security of digital assets. Leading Market Insights: Timely updates on emerging trends in the crypto market, enabling clients to stay ahead of the curve. Tailored Portfolio Management: Customized investment strategies aligned with individual financial objectives. Exclusive Investment Opportunities: Access to premium, high-return assets designed specifically for high-net-worth clients. Bespoke Asset Allocation Strategies: Solutions to optimize returns while mitigating risks. Uncompromising Asset Security: Industry-leading measures, including third-party custody, ensuring 100% security of digital assets. Leading Market Insights: Timely updates on emerging trends in the crypto market, enabling clients to stay ahead of the curve. “At Bybit, we understand that every client’s financial journey is unique. Through our new Private Wealth Management service, we aim to provide customized, innovative solutions that not only help them grow their digital assets but also provide professional services in risk management and asset allocation," said Jerry Li, Head of Financial Products & Wealth Management at Bybit. “At Bybit, we understand that every client’s financial journey is unique. Through our new Private Wealth Management service, we aim to provide customized, innovative solutions that not only help them grow their digital assets but also provide professional services in risk management and asset allocation," said Jerry Li, Head of Financial Products & Wealth Management at Bybit. With the growing significance of digital assets in diversified portfolios, Bybit’s PWM service offers high-net-worth clients a secure, seamless gateway to exclusive opportunities in this dynamic space. This new service reflects Bybit’s steadfast commitment to being a trusted partner in the cryptocurrency and digital asset markets, helping clients achieve their financial goals with confidence and clarity. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, please visit Bybit Press Bybit Press Bybit Press For media inquiries, please contact: media@bybit.com media@bybit.com media@bybit.com For more information, please visit: https://www.bybit.com https://www.bybit.com https://www.bybit.com For updates, please follow: Bybit's Communities and Social Media Bybit's Communities and Social Media Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Discord Discord Facebook Facebook Instagram Instagram LinkedIn LinkedIn Reddit Reddit Telegram Telegram TikTok TikTok X X Youtube Youtube Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Bybit Introduces Private Wealth Management Service For High-Net-Worth Clients

Bybit ukax Servicio Privado de Gestión de Riqueza ukar uñt’ayi, Alto Valor Neto ukan Clientenakataki

Bybit představuje službu správy soukromého majetku pro klienty s vysokou čistou hodnotou

Η Bybit παρουσιάζει την υπηρεσία ιδιωτικής διαχείρισης περιουσίας για πελάτες υψηλής καθαρής αξίας

Bybit presenta un servicio de gestión de patrimonio privado para clientes con un alto patrimonio

Bybit מציגה שירות ניהול עושר פרטי ללקוחות בעלי שווי נטו

Bybit、富裕層顧客向けのプライベート資産管理サービスを導入

Bybit, 고액 자산 고객을 위한 개인 자산 관리 서비스 출시

Bybit жогорку таза кирешелүү кардарлар үчүн жеке байлыкты башкаруу кызматын киргизет

Bybit ແນະນໍາການບໍລິການຄຸ້ມຄອງຄວາມຮັ່ງມີສ່ວນຕົວສໍາລັບລູກຄ້າທີ່ມີຄ່າສຸດທິສູງ

Bybit introduceert Private Wealth Management Service voor vermogende klanten

Bybit wprowadza usługę zarządzania majątkiem prywatnym dla klientów o dużym majątku

Bybit yuqori daromadli mijozlar uchun shaxsiy boylikni boshqarish xizmatini taqdim etadi

DUBAI, United Arab Emirates, December 13th, 2024/Chainwire/--Bybit, the world’s second-largest cryptocurrency exchange by trading volume, continues to reinforce its commitment to transparency and regulatory compliance. In response to evolving regulations, Bybit has made the difficult but necessary decision to temporarily adjust the availability of its products and services within the European Economic Area (EEA). Paving the Way with MiCAR Compliance Bybit is actively pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria, a cornerstone of its compliance-first approach. This effort underscores Bybit’s dedication to aligning with stringent European regulatory standards, enhancing user protection, and delivering a secure trading environment. “Obtaining the MiCAR license will be a strategic milestone for Bybit,” said Ben Zhou, Co-founder and CEO of Bybit. “Our proactive stance ensures that we meet and exceed the expectations of both regulators and our users, as we work toward a future where innovation and compliance coexist seamlessly.” Temporary Adjustments to EEA Operations To ensure ongoing compliance with applicable regulatory laws, particularly regarding reverse solicitation, Bybit has made the difficult decision to generally cease all communication with the EEA region. This measure is intended to avoid any potential breach of the strict reverse solicitation principle. Existing customers' access to their crypto assets remains uninterrupted. Although this was a challenging decision, it was necessary for Bybit to maintain its compliance-first approach. Bybit is actively working towards obtaining a MiCAR license in Austria to become one of the first players in the EEA. Once the appropriate licensing is secured, Bybit will start engagement with its EEA clients in accordance with applicable laws. Balancing Innovation with Compliance “As cryptocurrency adoption continues to grow globally, it is Bybit's mission to deliver secure and reliable trading experiences underpinned by robust regulatory framework to all crypto communities," said Ben Zhou, Co-founder and CEO of Bybit. "To ensure we meet the highest standards and pave the way for a safer and more sustainable future for the industry, we've made the proactive decision to temporarily adjust our operations in the EEA. This allows us to focus on obtaining the necessary licenses and ensuring a fully compliant platform focused on serving EEA clients." Commitment to the EEA Market Bybit will be deeply committed to serving its EEA clients once it receives a MiCAR license. The company is actively engaging with regulatory authorities to expedite the licensing process and start full operations in the region. Bybit appreciates the support of its users as it navigates this pivotal regulatory journey. For questions or assistance, users are encouraged to contact Bybit’s Customer Support team via Live Chat. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For media inquiries, please contact: media@bybit.com Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here DUBAI, United Arab Emirates, December 13th, 2024/Chainwire/--Bybit, the world’s second-largest cryptocurrency exchange by trading volume, continues to reinforce its commitment to transparency and regulatory compliance. In response to evolving regulations, Bybit has made the difficult but necessary decision to temporarily adjust the availability of its products and services within the European Economic Area (EEA). Paving the Way with MiCAR Compliance Bybit is actively pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria, a cornerstone of its compliance-first approach. This effort underscores Bybit’s dedication to aligning with stringent European regulatory standards, enhancing user protection, and delivering a secure trading environment. “Obtaining the MiCAR license will be a strategic milestone for Bybit,” said Ben Zhou, Co-founder and CEO of Bybit. “Our proactive stance ensures that we meet and exceed the expectations of both regulators and our users, as we work toward a future where innovation and compliance coexist seamlessly.” “Obtaining the MiCAR license will be a strategic milestone for Bybit,” said Ben Zhou, Co-founder and CEO of Bybit. “Our proactive stance ensures that we meet and exceed the expectations of both regulators and our users, as we work toward a future where innovation and compliance coexist seamlessly.” Temporary Adjustments to EEA Operations To ensure ongoing compliance with applicable regulatory laws, particularly regarding reverse solicitation, Bybit has made the difficult decision to generally cease all communication with the EEA region. This measure is intended to avoid any potential breach of the strict reverse solicitation principle. Existing customers' access to their crypto assets remains uninterrupted. Although this was a challenging decision, it was necessary for Bybit to maintain its compliance-first approach. Bybit is actively working towards obtaining a MiCAR license in Austria to become one of the first players in the EEA. Once the appropriate licensing is secured, Bybit will start engagement with its EEA clients in accordance with applicable laws. Balancing Innovation with Compliance “As cryptocurrency adoption continues to grow globally, it is Bybit's mission to deliver secure and reliable trading experiences underpinned by robust regulatory framework to all crypto communities," said Ben Zhou, Co-founder and CEO of Bybit. “As cryptocurrency adoption continues to grow globally, it is Bybit's mission to deliver secure and reliable trading experiences underpinned by robust regulatory framework to all crypto communities," said Ben Zhou, Co-founder and CEO of Bybit. "To ensure we meet the highest standards and pave the way for a safer and more sustainable future for the industry, we've made the proactive decision to temporarily adjust our operations in the EEA. This allows us to focus on obtaining the necessary licenses and ensuring a fully compliant platform focused on serving EEA clients." "To ensure we meet the highest standards and pave the way for a safer and more sustainable future for the industry, we've made the proactive decision to temporarily adjust our operations in the EEA. This allows us to focus on obtaining the necessary licenses and ensuring a fully compliant platform focused on serving EEA clients." Commitment to the EEA Market Bybit will be deeply committed to serving its EEA clients once it receives a MiCAR license. The company is actively engaging with regulatory authorities to expedite the licensing process and start full operations in the region. Bybit appreciates the support of its users as it navigates this pivotal regulatory journey. For questions or assistance, users are encouraged to contact Bybit’s Customer Support team via Live Chat. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For media inquiries, please contact: media@bybit.com Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Bybit Advances Regulatory Compliance, Temporarily Adjusts EEA Operations

Bybit прасоўвае адпаведнасць нарматыўным патрабаванням, часова карэктуе дзейнасць ЕЭЗ

Bybit avanza en el cumplimiento normativo y ajusta temporalmente sus operaciones en el EEE

Bybit-ը բարելավում է կանոնակարգման համապատասխանությունը, ժամանակավորապես կարգավորում է ԵՏՀ գործառնությունները

Bybit、規制遵守を推進し、EEAの業務を一時的に調整

„Bybit“ pagerina teisės aktų laikymąsi, laikinai koreguoja EEE operacijas

Bybit uzlabo atbilstību normatīvajiem aktiem, īslaicīgi pielāgo EEZ darbības

Bybit зохицуулалтын нийцлийг сайжруулж, EEA-ийн үйл ажиллагааг түр зохицуулдаг

Bybit e Tšwetša Pele Kobamelo ya Taolo, e Beakanya Mešomo ya EEA ka Nakwana

Bybit zwiększa zgodność z przepisami, tymczasowo dostosowuje operacje w EOG

Bybit zlepšuje súlad s predpismi, dočasne upravuje operácie v EHP

Bybit Advances Regulatory Compliance, Nenguva Inogadzirisa EEA Operations

Bybit ส่งเสริมการปฏิบัติตามกฎระเบียบ ปรับการดำเนินงาน EEA ชั่วคราว

MAHE, Seychelles, October 9th, 2024/Chainwire/--ATLETA Network, modular, multi-layer blockchain for the sports industry, has teamed up with Bybit, one of the leading global crypto exchanges. This marketing strategic partnership will provide new users with a chance to win incredible prizes: a racing car Porsche 718, wrist watches Rolex, iPhone 16 Pro, and more. The ATLETA-Bybit Event kicked off on October 3rd, 2024. All participants have the opportunity to secure major rewards by joining, depositing, and trading. Here’s how it works: Those interested can register for the event using the official link.


Deposit $100.


Open and complete a futures trade in 3 minutes with a trading volume of over $100 ($25 with x4 leverage or $10 with x10).


Hold the funds for at least 7 days without withdrawals. By completing the task, participants automatically enter the ATLETA-Bybit Lucky Draw. The more participants, the bigger and better the prizes: 80 participants: PS5 for 1 lucky winner;


200 participants: PS5 + iPhone 16 Pro for 2 winners;


1,300 participants: PS5 + iPhone 16 Pro + Rolex for 3 winners;


10,000 participants: Porsche 718 + PS5 + iPhone 16 Pro + Rolex for 4 winners. Once users complete the task, they can claim an immediate $15 bonus via the Bybit reward hub. After the event concludes, all eligible participants will also receive an additional 5 USDT airdrop. "The ATLETA-Bybit partnership exemplifies the convergence of cutting-edge blockchain technology and user-centric engagement. It’s an opportunity for our community to experience firsthand the possibilities that arise when blockchain innovation meets tangible rewards. As we prepare for our mainnet, this collaboration shows how ATLETA can create unique, value-driven user experiences. Bybit shares our vision for a future where technology empowers people, and together, we are setting new standards in both industries," says Alex Grigorev, the CMO of ATLETA. ATLETA Getting Ready for Mainnet While the ATLETA-Bybit collaboration gains attention, ATLETA is polishing its platform for full-scale deployment. The Olympia Testnet gave the team a real-world look at ATLETA’s smooth cross-chain interoperability and real-time data tracking. The results impressed the team: with over 800 thousand users and 17,5 million transactions, ATLETA feels it is time to deploy the mainnet. ATLETA’s mainnet will offer a suite of features: EVM compatibility that allows for superfluid capital transfusion and application composability; Parachains that can enable all market participants to deploy customized networks on ATLETA; XCM functionality that grants independent connected networks with communications capabilities; BABE + GRANDPA that ensures secure block building and transaction finality. At the heart of this system lies the Nominated Proof-of-Stake (NPoS) mechanism, a balanced randomization engine that provides fair grounds for validators and nominators to collaborate and maintain the network integrity while having the chance to earn rewards. ATLETA’s key features translate into the application layer, where over 5,500 smart contracts have already been deployed to take advantage of the varying feature functionalities: Decentralized Exchange (DEX) to trade assets; On-Chain Explorer to track and inspect historical transactions, blocks, and smart contracts; Digital ID Platform the launchpad and marketplace to participate in IAOs and conduct SportFi activities by trading digital IDs; Staking to incentivize network operators with rewards opportunities for securing the network; Governance for distributing decision-making power amongst stakeholders to guide the direction of the network's development and vote on decisions collectively. "The upcoming mainnet launch is the culmination of months of innovation and relentless pursuit of excellence. It’s where all the potential we’ve built into ATLETA comes to life, and we’re ready to show the world how blockchain can truly transform the sports industry," emphasized Andrey Didovsky, the CEO of ATLETA. About ATLETA ATLETA Network is the first modular, multi-layer, blockchain with native cross-chain interoperability. ATLETA addresses critical challenges of transparency, fairness, and trust in sports. Leveraging blockchain technology, ATLETA enables an immutable, tamper-proof infrastructure for athlete performance data, contracts, and health records. Backed by the Blockchain Sports Ecosystem, which integrates AI analytics, performance tracking, VR, and blockchain technology, ATLETA is contributing to a foundation for a more fair, transparent, and innovative future for sports worldwide. Contact PR Manager Polina Krischanovich ATLETA Network p.krischanovich@atomgroup.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. MAHE, Seychelles, October 9th, 2024/Chainwire/--ATLETA Network, modular, multi-layer blockchain for the sports industry, has teamed up with Bybit, one of the leading global crypto exchanges. This marketing strategic partnership will provide new users with a chance to win incredible prizes: a racing car Porsche 718, wrist watches Rolex, iPhone 16 Pro, and more. The ATLETA-Bybit Event kicked off on October 3rd, 2024. All participants have the opportunity to secure major rewards by joining, depositing, and trading. Here’s how it works: Those interested can register for the event using the official link. Deposit $100. Open and complete a futures trade in 3 minutes with a trading volume of over $100 ($25 with x4 leverage or $10 with x10). Hold the funds for at least 7 days without withdrawals. Those interested can register for the event using the official link. Those interested can register for the event using the official link. Deposit $100. Deposit $100. Open and complete a futures trade in 3 minutes with a trading volume of over $100 ($25 with x4 leverage or $10 with x10). Open and complete a futures trade in 3 minutes with a trading volume of over $100 ($25 with x4 leverage or $10 with x10). Hold the funds for at least 7 days without withdrawals. Hold the funds for at least 7 days without withdrawals. By completing the task, participants automatically enter the ATLETA-Bybit Lucky Draw. The more participants, the bigger and better the prizes: 80 participants: PS5 for 1 lucky winner; 200 participants: PS5 + iPhone 16 Pro for 2 winners; 1,300 participants: PS5 + iPhone 16 Pro + Rolex for 3 winners; 10,000 participants: Porsche 718 + PS5 + iPhone 16 Pro + Rolex for 4 winners. 80 participants: PS5 for 1 lucky winner; 80 participants: PS5 for 1 lucky winner; 200 participants: PS5 + iPhone 16 Pro for 2 winners; 200 participants: PS5 + iPhone 16 Pro for 2 winners; 1,300 participants: PS5 + iPhone 16 Pro + Rolex for 3 winners; 1,300 participants: PS5 + iPhone 16 Pro + Rolex for 3 winners; 10,000 participants: Porsche 718 + PS5 + iPhone 16 Pro + Rolex for 4 winners. 10,000 participants: Porsche 718 + PS5 + iPhone 16 Pro + Rolex for 4 winners. Once users complete the task, they can claim an immediate $15 bonus via the Bybit reward hub. After the event concludes, all eligible participants will also receive an additional 5 USDT airdrop. "The ATLETA-Bybit partnership exemplifies the convergence of cutting-edge blockchain technology and user-centric engagement. It’s an opportunity for our community to experience firsthand the possibilities that arise when blockchain innovation meets tangible rewards. As we prepare for our mainnet, this collaboration shows how ATLETA can create unique, value-driven user experiences. Bybit shares our vision for a future where technology empowers people, and together, we are setting new standards in both industries," says Alex Grigorev, the CMO of ATLETA. "The ATLETA-Bybit partnership exemplifies the convergence of cutting-edge blockchain technology and user-centric engagement. It’s an opportunity for our community to experience firsthand the possibilities that arise when blockchain innovation meets tangible rewards. As we prepare for our mainnet, this collaboration shows how ATLETA can create unique, value-driven user experiences. Bybit shares our vision for a future where technology empowers people, and together, we are setting new standards in both industries," says Alex Grigorev, the CMO of ATLETA. ATLETA Getting Ready for Mainnet While the ATLETA-Bybit collaboration gains attention, ATLETA is polishing its platform for full-scale deployment. The Olympia Testnet gave the team a real-world look at ATLETA’s smooth cross-chain interoperability and real-time data tracking. The results impressed the team: with over 800 thousand users and 17,5 million transactions, ATLETA feels it is time to deploy the mainnet. ATLETA’s mainnet will offer a suite of features: EVM compatibility that allows for superfluid capital transfusion and application composability; EVM compatibility that allows for superfluid capital transfusion and application composability; Parachains that can enable all market participants to deploy customized networks on ATLETA; Parachains that can enable all market participants to deploy customized networks on ATLETA; XCM functionality that grants independent connected networks with communications capabilities; XCM functionality that grants independent connected networks with communications capabilities; BABE + GRANDPA that ensures secure block building and transaction finality. BABE + GRANDPA that ensures secure block building and transaction finality. At the heart of this system lies the Nominated Proof-of-Stake (NPoS) mechanism, a balanced randomization engine that provides fair grounds for validators and nominators to collaborate and maintain the network integrity while having the chance to earn rewards. ATLETA’s key features translate into the application layer, where over 5,500 smart contracts have already been deployed to take advantage of the varying feature functionalities: Decentralized Exchange (DEX) to trade assets; Decentralized Exchange (DEX) to trade assets; On-Chain Explorer to track and inspect historical transactions, blocks, and smart contracts; On-Chain Explorer to track and inspect historical transactions, blocks, and smart contracts; Digital ID Platform the launchpad and marketplace to participate in IAOs and conduct SportFi activities by trading digital IDs; Digital ID Platform the launchpad and marketplace to participate in IAOs and conduct SportFi activities by trading digital IDs; Staking to incentivize network operators with rewards opportunities for securing the network; Staking to incentivize network operators with rewards opportunities for securing the network; Governance for distributing decision-making power amongst stakeholders to guide the direction of the network's development and vote on decisions collectively. Governance for distributing decision-making power amongst stakeholders to guide the direction of the network's development and vote on decisions collectively. "The upcoming mainnet launch is the culmination of months of innovation and relentless pursuit of excellence. It’s where all the potential we’ve built into ATLETA comes to life, and we’re ready to show the world how blockchain can truly transform the sports industry," emphasized Andrey Didovsky, the CEO of ATLETA. "The upcoming mainnet launch is the culmination of months of innovation and relentless pursuit of excellence. It’s where all the potential we’ve built into ATLETA comes to life, and we’re ready to show the world how blockchain can truly transform the sports industry," emphasized Andrey Didovsky, the CEO of ATLETA. About ATLETA ATLETA Network is the first modular, multi-layer, blockchain with native cross-chain interoperability. ATLETA addresses critical challenges of transparency, fairness, and trust in sports. Leveraging blockchain technology, ATLETA enables an immutable, tamper-proof infrastructure for athlete performance data, contracts, and health records. Backed by the Blockchain Sports Ecosystem, which integrates AI analytics, performance tracking, VR, and blockchain technology, ATLETA is contributing to a foundation for a more fair, transparent, and innovative future for sports worldwide. Contact PR Manager Polina Krischanovich ATLETA Network p.krischanovich@atomgroup.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here

ATLETA And Bybit Forge Powerful Partnership: A Chance To Win Real Porsche, Rolex or iPhone

ATLETA এবং Bybit Forge শক্তিশালী অংশীদারিত্ব: রিয়েল পোর্শে, রোলেক্স বা আইফোন জয়ের একটি সুযোগ

ATLETA y Bybit forjan una poderosa alianza: una oportunidad de ganar un Porsche, un Rolex o un iPhone auténticos

ATLETA と Bybit が強力なパートナーシップを締結: 本物のポルシェ、ロレックス、iPhone を獲得するチャンス

ATLETA жана Bybit Forge күчтүү өнөктөштүк: чыныгы Porsche, Rolex же iPhone утуп алуу мүмкүнчүлүгү

ATLETA Na Bybit Forge Partenariat Puissant: Chance Ya Ko Gagner Vrai Porsche, Rolex to iPhone

ATLETA sy Bybit dia manangana fiaraha-miasa matanjaka: fahafahana hahazo ny tena Porsche, Rolex na iPhone

ATLETA болон Bybit хүчирхэг түншлэлийг бий болгодог: Бодит Porsche, Rolex эсвэл iPhone ялах боломж

ATLETA uye Bybit Forge Yakasimba Kudyidzana: Mukana Wekuhwina Chaiyo Porsche, Rolex kana iPhone

АТЛЕТА и Бибит стварају моћно партнерство: шанса да освојите прави Порсцхе, Ролек или иПхоне

“ATLETA” we “Bybit” güýçli hyzmatdaşlygy döredýär: “Real Porsche”, “Rolex” ýa-da “iPhone” -y gazanmak mümkinçiligi

Ang ATLETA At Bybit ay Bumuo ng Mabisang Pagtutulungan: Isang Tsansang Manalo ng Tunay na Porsche, Rolex o iPhone

ATLETA và Bybit tạo nên mối quan hệ đối tác mạnh mẽ: Cơ hội trúng thưởng Porsche, Rolex hoặc iPhone thật

DUBAI, United Arab Eimirates, August 15th, 2024/Chainwire/--Bybit, the world’s second-largest crypto exchange by trading volume, proudly announces that all Bybit users can now deposit and withdraw PayPal USD (PYUSD) on the Solana blockchain. The first top-three exchange to offer this feature, Bybit users can now synergise their crypto investments with the power of global payments on Solana. PYUSD and Solana - A Look at PYUSD On-Chain Performance and Issuance Data Since its debut, PYUSD has performed well on Solana. The stablecoin has processed over 500,000 transactions, demonstrating its growing adoption across various financial applications. Its robust performance has established PYUSD as a critical player in the stablecoin market, now ranked 6th in market capitalization. According to DefiLlama, PYUSD has experienced the highest month-on-month growth among the top 10 stablecoins. PYUSD has risen to the 6th-largest stablecoin in market capitalization, seeing the highest month-on-month positive growth among the top 10 stablecoins. (Source: [DefiLlama https://defillama.com/stablecoins](https://DefiLlama https://defillama.com/stablecoins)) “PYUSD’s performance on Solana has demonstrated the market’s demand for a regulated, secure stablecoin that can keep pace with the rapid developments in decentralized finance,” said Emily Bao, head of Web3 and SBU at Bybit. “As a market leader, we are committed to gaining the best partnerships across Web3, institutional finance, and payment providers globally to help our users be part of the future of finance.” Lily Liu, president of the Solana Foundation, added, “PYUSD coming to Solana is a significant milestone for the ecosystem. In addition to showcasing that Solana’s performance can support a global payments network, PYUSD on Solana makes use of token extensions, which adds native Web3 capabilities that enhance payments functionality. These capabilities support Paypal’s primacy in payments into the Web3 world, creating a unique asset for Paypal’s users, Solana’s users, and Bybit’s users alike.” Bybit Launches PYUSD Campaigns With DIfferent Yield Opportunities To celebrate this historic launch, Bybit is introducing three exclusive campaigns designed to maximize the potential of PYUSD for both retail and institutional investors. First up is the chance to explore the Solana ecosystem by trading top tokens on Solana to share a 200 SOL prize pool. Second, any new user who signs up and trades the SOL/USDT pair gets extra SOL rewards. And finally, Bybit users have the chance to earn extra yield by signing up for the limited PYUSD fixed savings product. These campaigns are part of Bybit's leading Spot market, which is at the forefront of cryptocurrency trading in terms of partnerships, trading efficiency, and products. Bybit continually pushes the boundaries to offer users advanced solutions and superior trading opportunities. The PYUSD integration on Solana is a testament to Bybit's dedication to advancing the digital asset landscape. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.com For more information, users can visit: https://www.bybit.com For updates, users can follow: Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the  program here. DUBAI, United Arab Eimirates, August 15th, 2024/Chainwire/--Bybit, the world’s second-largest crypto exchange by trading volume, proudly announces that all Bybit users can now deposit and withdraw PayPal USD (PYUSD) on the Solana blockchain. The first top-three exchange to offer this feature, Bybit users can now synergise their crypto investments with the power of global payments on Solana. PYUSD and Solana - A Look at PYUSD On-Chain Performance and Issuance Data Since its debut, PYUSD has performed well on Solana. The stablecoin has processed over 500,000 transactions, demonstrating its growing adoption across various financial applications. Its robust performance has established PYUSD as a critical player in the stablecoin market, now ranked 6th in market capitalization. According to DefiLlama, PYUSD has experienced the highest month-on-month growth among the top 10 stablecoins. PYUSD has risen to the 6th-largest stablecoin in market capitalization, seeing the highest month-on-month positive growth among the top 10 stablecoins. (Source: [DefiLlama https://defillama.com/stablecoins](https://DefiLlama https://defillama.com/stablecoins)) “PYUSD’s performance on Solana has demonstrated the market’s demand for a regulated, secure stablecoin that can keep pace with the rapid developments in decentralized finance,” said Emily Bao, head of Web3 and SBU at Bybit. “PYUSD’s performance on Solana has demonstrated the market’s demand for a regulated, secure stablecoin that can keep pace with the rapid developments in decentralized finance,” said Emily Bao, head of Web3 and SBU at Bybit. “As a market leader, we are committed to gaining the best partnerships across Web3, institutional finance, and payment providers globally to help our users be part of the future of finance.” Lily Liu, president of the Solana Foundation, added, “As a market leader, we are committed to gaining the best partnerships across Web3, institutional finance, and payment providers globally to help our users be part of the future of finance.” Lily Liu, president of the Solana Foundation, added, “PYUSD coming to Solana is a significant milestone for the ecosystem. In addition to showcasing that Solana’s performance can support a global payments network, PYUSD on Solana makes use of token extensions, which adds native Web3 capabilities that enhance payments functionality. These capabilities support Paypal’s primacy in payments into the Web3 world, creating a unique asset for Paypal’s users, Solana’s users, and Bybit’s users alike.” “PYUSD coming to Solana is a significant milestone for the ecosystem. In addition to showcasing that Solana’s performance can support a global payments network, PYUSD on Solana makes use of token extensions, which adds native Web3 capabilities that enhance payments functionality. These capabilities support Paypal’s primacy in payments into the Web3 world, creating a unique asset for Paypal’s users, Solana’s users, and Bybit’s users alike.” Bybit Launches PYUSD Campaigns With DIfferent Yield Opportunities To celebrate this historic launch , Bybit is introducing three exclusive campaigns designed to maximize the potential of PYUSD for both retail and institutional investors. historic launch historic launch First up is the chance to explore the Solana ecosystem by trading top tokens on Solana to share a 200 SOL prize pool. Second, any new user who signs up and trades the SOL/USDT pair gets extra SOL rewards. And finally, Bybit users have the chance to earn extra yield by signing up for the limited PYUSD fixed savings product. These campaigns are part of Bybit's leading Spot market, which is at the forefront of cryptocurrency trading in terms of partnerships, trading efficiency, and products. Bybit continually pushes the boundaries to offer users advanced solutions and superior trading opportunities. The PYUSD integration on Solana is a testament to Bybit's dedication to advancing the digital asset landscape. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.com For more information, users can visit: https://www.bybit.com For updates, users can follow: Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the  program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the  program here . here here

Bybit To Integrate PYUSD On Solana, Offering Opportunities For Retail And Institutional Investors

ByBybit সোলানায় PYUSD সংহত করতে, খুচরা এবং প্রাতিষ্ঠানিক বিনিয়োগকারীদের জন্য সুযোগ প্রদান করে

ByBybit integriert PYUSD in Solana und bietet Möglichkeiten für Privat- und institutionelle Anleger

ByBybit integrará PYUSD en Solana, lo que ofrece oportunidades para inversores minoristas e institucionales

ByBybit va intégrer PYUSD sur Solana, offrant des opportunités aux investisseurs particuliers et institutionnels

ByBybit सोलाना पर PYUSD को एकीकृत करेगा, खुदरा और संस्थागत निवेशकों के लिए अवसर प्रदान करेगा

ByBybitがPYUSDをSolanaに統合し、個人投資家と機関投資家に機会を提供

ByBybit, Solana에 PYUSD 통합, 소매 및 기관 투자자에게 기회 제공

ByBybit integra PYUSD em Solana, oferecendo oportunidades para investidores de varejo e institucionais

ByBybit интегрирует PYUSD на Solana, предлагая возможности для розничных и институциональных инвесторов

ByBybit, PYUSD'yi Solana'ya Entegre Ederek Perakende ve Kurumsal Yatırımcılara Fırsatlar Sunuyor

ByBybit tích hợp PYUSD trên Solana, mang đến cơ hội cho các nhà đầu tư bán lẻ và tổ chức

ByBybit 将在 Solana 上集成 PYUSD，为散户和机构投资者提供机会

DUBAI, United Arab Emirates, August 13th, 2024, Chainwire/--Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the implementation of a comprehensive listing and delisting framework designed to enhance user protection, uphold market integrity, and promote the overall health of the blockchain ecosystem. With Bybit's spot market share rising above 20% and securing its position as the second-largest exchange, Bybit has become the most preferred listing platform, with 151 new tokens listed in Spot so far in 2024. This preference is driven by the extensive support we offer, from product support—such as Pre-Market, ByStarter, Launchpad, Launchpool, Spot Listing, Perp Listing, and even Options Listing and Earn product integration—to robust marketing and operational support, with over 30 million viewers across 24 livestreams in the first half of 2024. As Bybit continues to mature and establish itself as the most preferred platform, we recognize our growing obligation to both our customers and the industry. Bybit's philosophy is to list the projects our clients want, ensuring that our platform remains aligned with user needs and market demands. However, the surge in project listings across the crypto industry has raised concerns about transparency, security, and potential market manipulation. Bybit is committed to addressing these challenges through a proactive approach that prioritizes the interests of its users. Here is the key pioneering framework Bybit is committed to: Pre-Market Mechanism: To mitigate market manipulation, Bybit will continue to utilize its Pre-market feature, which bridges the gap between primary and secondary markets, providing a more orderly trading environment.
Ongoing Compliance Monitoring: Bybit will establish a system for ongoing monitoring of listed projects to ensure they continue to meet listing criteria and disclosure obligations. This includes periodic reviews of project performance, financial audits, and technology audits.
Transparent Information Disclosure: Bybit will provide users with comprehensive information about the key dates related to listed projects, including protocol upgrade, token burn, frozen maturities. This transparency allows users to make informed decisions and avoid unexpected developments.
Clear Delisting Protocols: The exchange will establish clear delisting criteria, including performance metrics, compliance failures, and fraudulent activities. This ensures that underperforming or risky projects are removed from the platform.
Community Engagement: Bybit will actively seek feedback from its user community to inform listing decisions and enhance transparency. This will be done through regular surveys, voting mechanisms, or advisory panels. Bybit is not only committed to achieving fairness and transparency through this new framework, but also calls on industry players to do the same. "The industry will only be able to benchmark itself against traditional finance if we co-build a healthy and sustainable ecosystem," said Helen Liu, Chief Operating Officer at Bybit. “Our goal is to create a fairer, more transparent, and secure marketplace for everyone. We believe that blockchain’s inherent transparency, decentralization, and open nature are powerful tools that enable market participants to make informed decisions. By establishing rigorous listing criteria and clear delisting protocols, we are taking a significant step toward protecting our users and fostering long-term, sustainable growth within the blockchain industry.” #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.com For more information, users can visit: https://www.bybit.com For updates, users can follow: Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. DUBAI, United Arab Emirates, August 13th, 2024, Chainwire/--Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the implementation of a comprehensive listing and delisting framework designed to enhance user protection, uphold market integrity, and promote the overall health of the blockchain ecosystem. With Bybit's spot market share rising above 20% and securing its position as the second-largest exchange, Bybit has become the most preferred listing platform, with 151 new tokens listed in Spot so far in 2024. This preference is driven by the extensive support we offer, from product support—such as Pre-Market, ByStarter, Launchpad, Launchpool, Spot Listing, Perp Listing, and even Options Listing and Earn product integration—to robust marketing and operational support, with over 30 million viewers across 24 livestreams in the first half of 2024. As Bybit continues to mature and establish itself as the most preferred platform, we recognize our growing obligation to both our customers and the industry. Bybit's philosophy is to list the projects our clients want, ensuring that our platform remains aligned with user needs and market demands. However, the surge in project listings across the crypto industry has raised concerns about transparency, security, and potential market manipulation. Bybit is committed to addressing these challenges through a proactive approach that prioritizes the interests of its users. Here is the key pioneering framework Bybit is committed to: Pre-Market Mechanism: To mitigate market manipulation, Bybit will continue to utilize its Pre-market feature, which bridges the gap between primary and secondary markets, providing a more orderly trading environment. Ongoing Compliance Monitoring: Bybit will establish a system for ongoing monitoring of listed projects to ensure they continue to meet listing criteria and disclosure obligations. This includes periodic reviews of project performance, financial audits, and technology audits. Transparent Information Disclosure: Bybit will provide users with comprehensive information about the key dates related to listed projects, including protocol upgrade, token burn, frozen maturities. This transparency allows users to make informed decisions and avoid unexpected developments. Clear Delisting Protocols: The exchange will establish clear delisting criteria, including performance metrics, compliance failures, and fraudulent activities. This ensures that underperforming or risky projects are removed from the platform. Community Engagement: Bybit will actively seek feedback from its user community to inform listing decisions and enhance transparency. This will be done through regular surveys, voting mechanisms, or advisory panels. Pre-Market Mechanism: To mitigate market manipulation, Bybit will continue to utilize its Pre-market feature, which bridges the gap between primary and secondary markets, providing a more orderly trading environment. Ongoing Compliance Monitoring: Bybit will establish a system for ongoing monitoring of listed projects to ensure they continue to meet listing criteria and disclosure obligations. This includes periodic reviews of project performance, financial audits, and technology audits. Transparent Information Disclosure: Bybit will provide users with comprehensive information about the key dates related to listed projects, including protocol upgrade, token burn, frozen maturities. This transparency allows users to make informed decisions and avoid unexpected developments. Clear Delisting Protocols: The exchange will establish clear delisting criteria, including performance metrics, compliance failures, and fraudulent activities. This ensures that underperforming or risky projects are removed from the platform. Community Engagement: Bybit will actively seek feedback from its user community to inform listing decisions and enhance transparency. This will be done through regular surveys, voting mechanisms, or advisory panels. Bybit is not only committed to achieving fairness and transparency through this new framework, but also calls on industry players to do the same. "The industry will only be able to benchmark itself against traditional finance if we co-build a healthy and sustainable ecosystem," said Helen Liu, Chief Operating Officer at Bybit. “Our goal is to create a fairer, more transparent, and secure marketplace for everyone. We believe that blockchain’s inherent transparency, decentralization, and open nature are powerful tools that enable market participants to make informed decisions. By establishing rigorous listing criteria and clear delisting protocols, we are taking a significant step toward protecting our users and fostering long-term, sustainable growth within the blockchain industry.” #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, users can visit Bybit Press . Bybit Press Bybit Press For media inquiries, users can contact: media@bybit.com media@bybit.com media@bybit.com For more information, users can visit: https://www.bybit.com https://www.bybit.com https://www.bybit.com For updates, users can follow: Bybit's Communities and Social Media Bybit's Communities and Social Media Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here

Leading The Way: Bybit Reshapes Industry Norms By Establishing New Listing Standards

পথের নেতৃত্ব দিচ্ছেন: বাইবিট নতুন তালিকার মান স্থাপন করে শিল্পের নিয়মগুলিকে নতুন আকার দেয়

Vorreiter: Bybit verändert Branchennormen durch die Einführung neuer Listing-Standards

Liderando el camino: Bybit redefine las normas de la industria al establecer nuevos estándares de cotización

Montrer la voie : Bybit remodèle les normes du secteur en établissant de nouvelles normes de référencement

अग्रणी मार्ग: बायबिट ने नए लिस्टिंग मानक स्थापित करके उद्योग मानदंडों को नया रूप दिया

先導的存在：Bybit が新たな上場基準を確立し、業界の規範を再構築

선도하는 길: Bybit, 새로운 상장 기준을 확립하여 업계 규범을 재편

Liderando o caminho: Bybit reformula as normas do setor ao estabelecer novos padrões de listagem

Лидерство: Bybit меняет отраслевые нормы, устанавливая новые стандарты листинга

Öncülük Yolunda: Bybit Yeni Listeleme Standartları Oluşturarak Sektör Normlarını Yeniden Şekillendiriyor

Dẫn đầu xu hướng: Bybit định hình lại chuẩn mực của ngành bằng cách thiết lập các tiêu chuẩn niêm yết mới

引领潮流：Bybit 制定全新上市标准，重塑行业规范

**DUBAI, United Arab Emirates, June 26th, 2024/Chainwire/--**Bybit, the world’s second-largest crypto exchange by trading volume, announces that Bybit Card brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction. Customers can hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places. Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information. Apple Pay makes it easier to pay for food and grocery deliveries, online shopping, transportation, and parking, among other things. Apple Pay can also be used to make payments in apps on Apple Watch. Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. Apple Pay can be set on an iPhone by opening the Wallet app, tapping, and following the steps to add Bybit’s credit or debit cards. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the potential rewards and benefits offered by Bybit Card.  For more information on Apple Pay, users can visit: http://www.apple.com/apple-pay/ For more information on Bybit Card, users can visit here. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **DUBAI, United Arab Emirates, June 26th, 2024/Chainwire/--**Bybit, the world’s second-largest crypto exchange by trading volume, announces that Bybit Card brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction. Customers can hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places. Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information. Apple Pay makes it easier to pay for food and grocery deliveries, online shopping, transportation, and parking, among other things. Apple Pay can also be used to make payments in apps on Apple Watch. Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. Apple Pay can be set on an iPhone by opening the Wallet app, tapping, and following the steps to add Bybit’s credit or debit cards. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the potential rewards and benefits offered by Bybit Card.  For more information on Apple Pay, users can visit: http://www.apple.com/apple-pay/ http://www.apple.com/apple-pay/ http://www.apple.com/apple-pay/ For more information on Bybit Card, users can visit here . here here About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. Bybit Bybit Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Bybit Card Brings Apple Pay To Customers

Bybit's Web3 operations have been a driving force in the NFT industry, notably with the amazing success of the 2023 Velocity Series. This achievement has been particularly noteworthy. We are ecstatic to have the opportunity to discuss the effect of the series, the exciting new partnerships that are scheduled for 2024, and your vision for the future of NFTs. Ishan Pandey: The 2023 Velocity Series, a collaboration with Oracle Red Bull Racing, truly merged speed, technology, and art. Can you elaborate on the genesis of this project? Emily: Yes. Here at Bybit Web3, we are firm believers that cooperation is the most important factor in driving forward the NFT business. By exhibiting the convergence of the thrilling world of Formula One with the inventiveness of prominent digital artists, the Velocity Series exemplified this principle at its core. The Velocity Series showcased the limitless possibilities that can be achieved when different industries come together to collaborate. A one-of-a-kind Web3 experience that was based on the RB19 racing vehicle was made possible by our collaboration with Oracle Red Bull Racing. Ishan Pandey: The series featured renowned artists like Erick Snowfro and Jack Butcher. How did Bybit Web3 foster their artistic expression and connect them with a wider audience? Emily: We partnered with AOI, a renowned art and technology foundation, to assemble four visionary artists – Rik Oostenbroek, Per Kristian, Erick Snowfro, and Jack Butcher. Each artist created a unique NFT collection inspired by Formula One, coinciding with specific races throughout the season. Rik Oostenbroek: Captured the essence of speed and fluidity, amassing 70 ETH.

Explore Rik's Collection and dive deeper into the Speed, Art, and NFTs convergence.


Per Kristian Stoveland: Brought nature into the digital realm, garnering 115 ETH.

Delve into Per Kristian's World.


Erick Snowfro: Pushed the boundaries of abstract digital art, attracting 288 ETH.

__Embark on Snowfro's Artistic Odyssey __and view the collection here.


Jack Butcher: Revolutionized the digital collectible market with his "Trademark" collection, achieving an incredible 952 ETH.


__Experience Jack Butcher's Vision __and explore the __Dutch Auction __and Open Edition pieces. Bybit Web3 provided these artists with a global platform to showcase their work. We offered extensive marketing and promotional support, ensuring the series garnered significant attention within the NFT community. Ishan Pandey: Emily, with the Velocity Series 1.0 hailed as a monumental success, can you share what's new and exciting with the upcoming Velocity Series 2.0? Emily: Absolutely, Ishan. Building on the incredible momentum of the 2023 Velocity Series, we're elevating the experience with Velocity Series 2.0. This year, we're introducing "Data Driven Art," a novel concept that blends the thrill of racing with the creativity of digital art, all inspired by the achievements of the iconic RB20 F1 car. Another groundbreaking innovation we're excited about is the launch of fractional NFTs on the DN-404 protocol, a first in the industry. These fractional NFTs make ownership more accessible, allowing a wider audience to participate in our unique digital art collections. Ishan Pandey: That sounds like a significant leap forward. Can you delve a little deeper into the specifics of the Series 2.0 Pass sale and what it offers to fans and collectors? Emily: The Series 2.0 Pass sale, kicking off on April 12th, 2023, at 2PM UTC, promises an array of exclusive benefits. We're releasing an additional 1,000 passes, bringing the total to 2,000, to meet the overwhelming demand. Pass holders will gain access to three exclusive NFT artwork drops by world-renowned artists throughout 2024, along with token-gated activations and experiences related to the series. There’s also the exciting chance to win real-life prizes through our raffles. It's an opportunity for fans to deepen their connection with the world of Formula One and digital art like never before. Ishan Pandey: Beyond artistic exposure, the Velocity Series demonstrably broadened the collector base. Can you share some success stories? Emily: Erick Snowfro: Exposing New Audiences to Artistic Brilliance – A staggering 92% of collectors for his /// collection were newcomers to his work. Snowfro, a renowned digital sculptor, used 3D modeling and animation to create a captivating series that captured the essence of movement and speed. (Insert image of Erick Snowfro's /// collection here) This achievement highlights the series' ability to introduce talented artists to a fresh audience of enthusiasts. Snowfro's work resonated deeply with collectors unfamiliar with his previous work, demonstrating the power of the NFT space to expose new audiences to established artists. Jack Butcher: Democratizing Digital Art Ownership – Approximately 84% of collectors for his "Trademark" collection were first-time Butcher owners. Butcher, a pioneer in generative art, utilized his signature algorithmically generated style to create a dynamic collection that explored themes of branding and identity. (Insert image of Jack Butcher's "Trademark" collection here) The "Trademark" collection's innovative approach and accessible pricing structure attracted a new wave of collectors to the NFT space. By offering a variety of ownership tiers, Bybit Web3 made it possible for more people to participate in the NFT market, fostering a more inclusive and vibrant community. Ishan Pandey: Looking back, what were some key takeaways from the 2023 Velocity Series that Bybit Web3 will leverage for 2024? Emily: The series offered valuable insights on designing for multi-fan participation. We learned that seasoned collectors appreciate references and expansions on existing IP/universes, while beginners benefit from publicly available collections. Additionally, content creator remix competitions with merch integration, like Snowfro's with Joyn.XYZ, proved highly successful. Ishan Pandey: The theme for Velocity Series 2024 is "Data-Driven Ark." Can you give us a sneak peek into what to expect? Emily: We're incredibly excited about Velocity Series 2.0! This year, we're embracing the future of NFTs with a focus on innovation and decentralization. Here are some key highlights: Collaboration: We have a thrilling collaboration lined up, but it's still under wraps! Stay tuned for an exciting announcement soon.
New NFT Standards: We'll be exploring the potential of ERC-404 tokens, a revolutionary standard that combines fungible and non-fungible token characteristics. This paves the way for exciting possibilities like fractionalized NFT ownership.
Full DEX Experience: Bybit Web3 is committed to a decentralized NFT future. We'll leverage our own decentralized NFT and inscription marketplaces to provide a complete DEX experience. Bybit Web3 is at the forefront of shaping the NFT landscape. We are certain that Velocity Series 2.0 will be even more revolutionary than its predecessor since it will place a greater emphasis on community development, creativity, and collaboration. There is no denying that decentralization will be the future of non-fungible tokens (NFTs), and Bybit Web3 is in an excellent position to do so. Ishan Pandey: Emily, I am grateful to you for sharing these eye-opening ideas. Our anticipation for the upcoming installment in the Velocity Series is palpable. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our brand-as-author program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Bybit's Web3 operations have been a driving force in the NFT industry, notably with the amazing success of the 2023 Velocity Series. This achievement has been particularly noteworthy. We are ecstatic to have the opportunity to discuss the effect of the series, the exciting new partnerships that are scheduled for 2024, and your vision for the future of NFTs. NFTs. Ishan Pandey: The 2023 Velocity Series, a collaboration with Oracle Red Bull Racing, truly merged speed, technology, and art. Can you elaborate on the genesis of this project? Ishan Pandey: The 2023 Velocity Series, a collaboration with Oracle Red Bull Racing, truly merged speed, technology, and art. Can you elaborate on the genesis of this project? Emily: Yes. Here at Bybit Web3, we are firm believers that cooperation is the most important factor in driving forward the NFT business. By exhibiting the convergence of the thrilling world of Formula One with the inventiveness of prominent digital artists, the Velocity Series exemplified this principle at its core. The Velocity Series showcased the limitless possibilities that can be achieved when different industries come together to collaborate. Emily: A one-of-a-kind Web3 experience that was based on the RB19 racing vehicle was made possible by our collaboration with Oracle Red Bull Racing. Ishan Pandey: The series featured renowned artists like Erick Snowfro and Jack Butcher. How did Bybit Web3 foster their artistic expression and connect them with a wider audience? Ishan Pandey: The series featured renowned artists like Erick Snowfro and Jack Butcher. How did Bybit Web3 foster their artistic expression and connect them with a wider audience? Emily: We partnered with AOI, a renowned art and technology foundation, to assemble four visionary artists – Rik Oostenbroek, Per Kristian, Erick Snowfro, and Jack Butcher. Each artist created a unique NFT collection inspired by Formula One, coinciding with specific races throughout the season. Emily: Rik Oostenbroek: Captured the essence of speed and fluidity, amassing 70 ETH.

Explore Rik's Collection and dive deeper into the Speed, Art, and NFTs convergence. Per Kristian Stoveland: Brought nature into the digital realm, garnering 115 ETH.

Delve into Per Kristian's World. Erick Snowfro: Pushed the boundaries of abstract digital art, attracting 288 ETH.

__Embark on Snowfro's Artistic Odyssey __and view the collection here. Jack Butcher: Revolutionized the digital collectible market with his "Trademark" collection, achieving an incredible 952 ETH.


__Experience Jack Butcher's Vision __and explore the __Dutch Auction __and Open Edition pieces. Rik Oostenbroek: Captured the essence of speed and fluidity, amassing 70 ETH. Explore Rik's Collection and dive deeper into the Speed, Art, and NFTs convergence. Explore Rik's Collection and dive deeper into the Speed, Art, and NFTs convergence. Explore Rik's Collection and dive deeper into the Speed, Art, and NFTs convergence. Explore Rik's Collection Rik's Collection Speed, Art, and NFTs convergence . Speed, Art, and NFTs convergence Per Kristian Stoveland: Brought nature into the digital realm, garnering 115 ETH. Delve into Per Kristian's World. Delve into Per Kristian's World. Delve into Per Kristian's World. Delve into Per Kristian's World . Delve into Per Kristian's World Erick Snowfro: Pushed the boundaries of abstract digital art, attracting 288 ETH. __Embark on Snowfro's Artistic Odyssey __and view the collection here. __Embark on Snowfro's Artistic Odyssey __and view the collection here. __ Embark on Snowfro's Artistic Odyssey __and view the collection here. Embark on Snowfro's Artistic Odyssey view the collection here . view the collection here Jack Butcher: Revolutionized the digital collectible market with his "Trademark" collection, achieving an incredible 952 ETH. __Experience Jack Butcher's Vision __and explore the __Dutch Auction __and Open Edition pieces. __Experience Jack Butcher's Vision __and explore the __Dutch Auction __and Open Edition pieces. __Experience Jack Butcher's Vision __and explore the __Dutch Auction __and Open Edition pieces. __ Experience Jack Butcher's Vision __and explore the __ Dutch Auction __and Open Edition pieces. Experience Jack Butcher's Vision Dutch Auction Open Edition pieces . Open Edition pieces Bybit Web3 provided these artists with a global platform to showcase their work. We offered extensive marketing and promotional support, ensuring the series garnered significant attention within the NFT community. Ishan Pandey: Emily, with the Velocity Series 1.0 hailed as a monumental success, can you share what's new and exciting with the upcoming Velocity Series 2.0? Ishan Pandey: Emily, with the Velocity Series 1.0 hailed as a monumental success, can you share what's new and exciting with the upcoming Velocity Series 2.0? Ishan Pandey: Emily, with the Velocity Series 1.0 hailed as a monumental success, can you share what's new and exciting with the upcoming Velocity Series 2.0? Emily: Absolutely, Ishan. Building on the incredible momentum of the 2023 Velocity Series, we're elevating the experience with Velocity Series 2.0. This year, we're introducing "Data Driven Art," a novel concept that blends the thrill of racing with the creativity of digital art, all inspired by the achievements of the iconic RB20 F1 car. Another groundbreaking innovation we're excited about is the launch of fractional NFTs on the DN-404 protocol, a first in the industry. These fractional NFTs make ownership more accessible, allowing a wider audience to participate in our unique digital art collections. Emily: Ishan Pandey: That sounds like a significant leap forward. Can you delve a little deeper into the specifics of the Series 2.0 Pass sale and what it offers to fans and collectors? Ishan Pandey: That sounds like a significant leap forward. Can you delve a little deeper into the specifics of the Series 2.0 Pass sale and what it offers to fans and collectors? Ishan Pandey: That sounds like a significant leap forward. Can you delve a little deeper into the specifics of the Series 2.0 Pass sale and what it offers to fans and collectors? Emily: The Series 2.0 Pass sale, kicking off on April 12th, 2023, at 2PM UTC, promises an array of exclusive benefits. We're releasing an additional 1,000 passes, bringing the total to 2,000, to meet the overwhelming demand. Pass holders will gain access to three exclusive NFT artwork drops by world-renowned artists throughout 2024, along with token-gated activations and experiences related to the series. There’s also the exciting chance to win real-life prizes through our raffles. It's an opportunity for fans to deepen their connection with the world of Formula One and digital art like never before. Emily: Ishan Pandey: Beyond artistic exposure, the Velocity Series demonstrably broadened the collector base. Can you share some success stories? Ishan Pandey: Beyond artistic exposure, the Velocity Series demonstrably broadened the collector base. Can you share some success stories? Emily: Erick Snowfro: Exposing New Audiences to Artistic Brilliance – A staggering 92% of collectors for his /// collection were newcomers to his work. Snowfro, a renowned digital sculptor, used 3D modeling and animation to create a captivating series that captured the essence of movement and speed. (Insert image of Erick Snowfro's /// collection here) This achievement highlights the series' ability to introduce talented artists to a fresh audience of enthusiasts. Snowfro's work resonated deeply with collectors unfamiliar with his previous work, demonstrating the power of the NFT space to expose new audiences to established artists. Emily: Jack Butcher: Democratizing Digital Art Ownership – Approximately 84% of collectors for his "Trademark" collection were first-time Butcher owners. Butcher, a pioneer in generative art, utilized his signature algorithmically generated style to create a dynamic collection that explored themes of branding and identity. (Insert image of Jack Butcher's "Trademark" collection here) The "Trademark" collection's innovative approach and accessible pricing structure attracted a new wave of collectors to the NFT space. By offering a variety of ownership tiers, Bybit Web3 made it possible for more people to participate in the NFT market, fostering a more inclusive and vibrant community. Ishan Pandey: Looking back, what were some key takeaways from the 2023 Velocity Series that Bybit Web3 will leverage for 2024? Ishan Pandey: Looking back, what were some key takeaways from the 2023 Velocity Series that Bybit Web3 will leverage for 2024? Emily: The series offered valuable insights on designing for multi-fan participation. We learned that seasoned collectors appreciate references and expansions on existing IP/universes, while beginners benefit from publicly available collections. Additionally, content creator remix competitions with merch integration, like Snowfro's with Joyn.XYZ, proved highly successful. Emily: Ishan Pandey: The theme for Velocity Series 2024 is "Data-Driven Ark." Can you give us a sneak peek into what to expect? Ishan Pandey: The theme for Velocity Series 2024 is "Data-Driven Ark." Can you give us a sneak peek into what to expect? Emily: We're incredibly excited about Velocity Series 2.0! This year, we're embracing the future of NFTs with a focus on innovation and decentralization. Here are some key highlights: Emily: Collaboration: We have a thrilling collaboration lined up, but it's still under wraps! Stay tuned for an exciting announcement soon. New NFT Standards: We'll be exploring the potential of ERC-404 tokens, a revolutionary standard that combines fungible and non-fungible token characteristics. This paves the way for exciting possibilities like fractionalized NFT ownership. Full DEX Experience: Bybit Web3 is committed to a decentralized NFT future. We'll leverage our own decentralized NFT and inscription marketplaces to provide a complete DEX experience. Collaboration: We have a thrilling collaboration lined up, but it's still under wraps! Stay tuned for an exciting announcement soon. New NFT Standards: We'll be exploring the potential of ERC-404 tokens, a revolutionary standard that combines fungible and non-fungible token characteristics. This paves the way for exciting possibilities like fractionalized NFT ownership. Full DEX Experience: Bybit Web3 is committed to a decentralized NFT future. We'll leverage our own decentralized NFT and inscription marketplaces to provide a complete DEX experience. Bybit Web3 is at the forefront of shaping the NFT landscape. We are certain that Velocity Series 2.0 will be even more revolutionary than its predecessor since it will place a greater emphasis on community development, creativity, and collaboration. There is no denying that decentralization will be the future of non-fungible tokens (NFTs), and Bybit Web3 is in an excellent position to do so. Ishan Pandey: Emily, I am grateful to you for sharing these eye-opening ideas. Our anticipation for the upcoming installment in the Velocity Series is palpable. Ishan Pandey: Emily, I am grateful to you for sharing these eye-opening ideas. Our anticipation for the upcoming installment in the Velocity Series is palpable. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our brand-as-author program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our brand-as-author program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: Vested Interest Disclosure: This author is an independent contributor publishing via our brand-as-author program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR

Bybit Revs Up the NFT Market with Data-Driven Velocity Series 2.0

বাইবিট ডেটা-চালিত বেগ সিরিজ 2.0 সহ NFT বাজারকে উত্থাপন করে৷

Bybit bringt den NFT-Markt mit der datengesteuerten Velocity Series 2.0 in Schwung

Bybit acelera el mercado NFT con Data-Driven Velocity Series 2.0

Bybit relance le marché NFT avec Data-Driven Velocity Series 2.0

बायबिट ने डेटा-ड्रिवेन वेलोसिटी सीरीज 2.0 के साथ एनएफटी बाजार को बढ़ावा दिया

Bybit、データ駆動型Velocityシリーズ2.0でNFT市場を活性化

Bybit, 데이터 기반 Velocity 시리즈 2.0으로 NFT 시장 활성화

Bybit acelera o mercado NFT com Data-Driven Velocity Series 2.0

Bybit расширяет рынок NFT с помощью Data-Driven Velocity Series 2.0

Bybit, Veriye Dayalı Hız Serisi 2.0 ile NFT Pazarını Hızlandırıyor

Bybit thúc đẩy thị trường NFT với dòng vận tốc theo hướng dữ liệu 2.0

Bybit 通过数据驱动的 Velocity Series 2.0 加速 NFT 市场

Let's learn about via these 59 free stories. They are ordered by most time reading created on HackerNoon. Visit the to find the most read stories about any technology. Bybit /Learn Repo 1. An Intro to Stablecoins You Can Forward to Your Noob Friends Stablecoins are cryptocurrencies that have their price pegged to or backed by a stable asset, or group of assets. 2. Bybit Contributes $134 Million to BitDAO Treasury to Invest in Open Finance and Blockchain ByBit contributes $134 million to BitDAO making it the largest DAO in the world. 3. Build on Your Trading Knowledge: What Are Stop Loss and Stop Limit Orders? I bet you’re guessing a stop-loss order, and you’re right. In fact, it’s one of the most common risk management techniques to limit potential losses. 4. Getting the Lingo Right: 10 Most-Relevant Crypto Abbreviations & Keywords to Know Here are the top 10 cryptocurrency abbreviations and keywords you must know. 5. The Relevance of Bitcoin Halving Bitcoin halvings occur every 210,000 blocks that have been mined on the blockchain, which is roughly at four-year intervals. 6. What Is a Hard Fork and How Does It Occur we’ll discuss some examples of hard forks that have happened, such as Bitcoin Cash and Ethereum Classic. 7. The Origin of Tether: What Is USDT and a Look at Its Trading Volumes In this article, we are excited to introduce an in-depth guide on USDT (Tether) where we explain what USDT is, its transaction volume, and more. 8. MEXC Global and Bybit Launch a $150 Million Fund to Support AI-based Applications on Fetch.ai MEXC Global and Bybit announce a web3 ecosystem fund of $150 million to support artificial intelligence-based smart contract infrastructure on Fetch.ai. 9. Should Crypto-Prices Converge If One Exchange Has Positive Funding Rate While Another Has Negative? I was revisiting the theory behind Deribit/Bitmex/Bybit ETH/BTC funding rate arbitrager. Given the theory behind funding rates, if one exchange has a negative rate while another has positive it should mean that the prices converge. 10. Introduction to Double-Spending: What It Is, How It Works, and How to Prevent It A blockchain is a decentralized ledger that stores transactions. It guarantees mutual trust and a collective consensus among all partners involved. 11. Technical Indicators Explained: How Does Stochastic RSI Work? Since Stochastic RSI is derived from RSI itself, it makes absolute sense to understand the concept. 12. Average True Range (ATR): What it is and Its Role in Trading Everyone wants to know when their favorite cryptocurrency will burst into volatility? And let’s be real, I’m guessing you’re no exception. 13. 51% Attack: Explaining the Network Disruption The blockchain’s decentralized nature and the cryptographic algorithm is close to impossible for attacks. 14. What Is Hashing in Blockchain: A Beginner-Friendly Guide The implementation of a cryptographic hash function is beneficial to prevent fraudulent transactions, double spends in blockchain, and store passwords. 15. The Nitty Gritty of Public Keys vs. Private Keys in Crypto Cryptography is the core of cryptocurrency, and without it, none of the transactions will be secured, nor the integrity of any information is upheld. 16. Crypto Trading: Top Technical Indicators to Follow Cryptocurrencies aren’t technically a financial asset, yet it’s famous for both traders and investors for many reasons. 17. How to Create and Sell NFTs: The Essential Guide Just last month, non-fungible tokens (NFTs) catapulted to fame with record-high sales of Beeple and Nyan Cat at $69 million and $590,000 respectively. 18. Explaining ETH Gas and How It Impacts Ethereum Network To understand how ETH gas works, it’s best to start understanding the basics. 19. Everything You Need To Know About The Yearn.Finance Cryptocurrency (YFI) Data imbalance refers to when the classes in a dataset are not equally distributed, which can then lead to potential risks in training a model. 20. What Is Ethereum? And What Is Its Relevance to Decentralization? A common mistake occurs when Ethereum and Ether are used interchangeably to describe cryptocurrency. But that is not entirely accurate. 21. Yes, This Is the Very Simple Guide to Cryptocurrencies You Were Looking For A cryptocurrency refers to a digital or virtual currency. Cryptocurrencies usually operate using decentralized blockchain technology. 22. ByBit is Partnering with Red Bull Racing for a $150 Million dollar Sponsorship Deal Red Bull Racing has announced a multi-year worldwide partnership with Bybit as its first-ever Principal Team Partner. 23. Let's Better Understand the Different Types of Cryptocurrency and Tokens All hail to this brave new crypto world! You may or may not have heard of Ethereum, but surely you know something about Bitcoin 24. Introduction to Ripple: The Story Behind XRP The company’s name behind the XRP crypto – Ripple – is often used to describe the digital currency XRP. 25. Crypto Trading: Spot Market vs. Futures Market Comparison Spot and futures markets are terms used in the financial market, like stocks or forex. Let's see the difference and value between the two types of trading. 26. Cryptocurrency Mining and Proof of Stake Algorithms Blockchain has become a ubiquitous term over the past couple of years. A growing number of enterprises and governments are opening to blockchain technology 27. Filecoin (FIL): A Beginner’s Guide to the Token, Technology, and How It Works Global file sharing and storage are areas marked by constant innovations. One such innovation is the introduction of Filecoin. 28. Smart Contracts In Blockchain: Everything You Wanted to Know A smart contract represents the terms and conditions written in codes that automatically transfer funds from one party to another once the requirements are met. 29. The Ultimate Guide to Hedging Strategies for Cryptocurrency Hedging strategies enable traders to use more than one concurrent bet in opposite directions to minimize the risk of drastic losses. 30. The Difference Between Bullish and Bearish Markets Understanding the main differences between bullish and bearish markets plays a vital role in our investment portfolio. 31. The Introduction to Crypto Coins Staking Several fundamental concepts drive the underlying mechanism when discussing blockchain technology and its related cryptocurrencies. 32. DeFi Explained: The Guide to Decentralized Finance Built upon the blockchains of cryptocurrencies, the range of DeFi applications cover a financial services, including insurance, loans, savings, and trading. 33. What Exactly Makes Dai so Unique For some , and especially for day-traders, volatility is seen to be positive and the most attractive thing with which cryptocurrencies are characterized. 34. Bull Flag Pattern 101: What it is & How to Trade With It A bull flag is a technical pattern that provides an accurate entry to participate in a strong uptrend. More on the practical examples along the pros and cons. 35. The Essential Guide to Proof of Work (PoW) in Blockchain Proof of Work (commonly abbreviated to PoW) is a consensus algorithm used for preventing the 51% attack or double-spends. 36. Everything You Need to Know About Vechain In the fast-moving world of cryptocurrency, VeChain, a blockchain-based platform, distinguishes itself with an anti-fraud technology that has the potential to u 37. Zilliqa (ZIL) Review: What You Should Know One of the most significant problems cryptocurrencies and their blockchains face today is scalability. Unlike today’s leading blockchain networks, such as Bitco 38. #Learn2Trade Crypto - What Is a MACD Indicator and How To Use It Correctly? Moving average convergence divergence indicator (MACD) refers to a momentum oscillator used for a trend following trading strategy. 39. The Difference Between Long Positions and Short Positions in Trading When it comes to trading, we call long positions the buy orders that are placed by traders who want to benefit from the ascending price of an asset. 40. What Is Aave Token and Should We Pay Attention to It Aave is a decentralized money lending protocol that has recently gained traction, having released a workable DeFi solution. 41. Crypto Chart Patterns: Price Continuation, Neutral, Reversal, And Targets Explained Chart patterns are a key component of technical analysis as they help traders determine future price direction and potential targets. 42. Cryptocurrency Mining and Proof of Stake Algorithms Blockchain has become a ubiquitous term over the past couple of years. A growing number of enterprises and governments are opening to blockchain technology 43. How Polkadot Coin Came to Be and What Is Behind Its Success Polkadot is an open-source project that offers the transfer of data aross blockchains and supports multiple chains in one network, which is enabled by the Web3 44. Should You Buy Ripple (XRP) in 2021? Compared to Bitcoin, XRP (also known as Ripple, its parent company) is not as well-known to the average person. 45. Time To Find Out If Bitcoin Is Legal In Your Country Bitcoin’s competitive advantage comes from being the first cryptocurrency created. It has since spawned a worldwide community of millions of devoted followers. 46. How Proof of Stake Differs From Proof of Work Privacy and security have always been a ground for debates in the crypto industry. Hence, the foundation of a consensus mechanism in the blockchain is important 47. A Beginner’s Guide to Stablecoins, USDCoin, and USDC 2.0 Stablecoins are a digital representation of fiat currencies on blockchains, developed to mimic the price of fiat currencies using a stabilization mechanism. 48. Comparing Cryptocurrencies: Bitcoin Vs. Litecoin Vs. Ethereum There was a time when only those ‘in the know’ knew about digital currencies, but today that is no longer possible. 49. A Crypto Wallet Guide Even Your Parents Will Understand Cryptocurrency wallets are a key part of using crypto for practical uses. The question is, which one? With different types of wallets, there is much to learn. 50. Looking into the Chainlink Crypto This article will review Chainlink’s project and evaluate the option of investing in Chainlink crypto. 51. New Report From ByBit Sheds Insights on Layer 2 Scalability Solutions ByBit has released its report on “Layer 2 Scalability Explained: How ZK-Rollups Stood up to Subnets” 52. A Beginners Guide to Blockchain: Basic Terms and FAQs Anyone who has even a passing interest in cryptocurrency has probably heard the word ‘blockchain’ branded about. 53. Yield Farming in DeFi: How Does It Work? For you, if you find yourself struggling to understand the fundamentals of yield farming, or to assimilate the relationship between DeFi and yield farming. 54. Bitcoin: Buying, Selling, and HODLing Guide for 2021 Bitcoin (BTC) was the first cryptocurrency to be created. It was labeled “a purely peer-to-peer version of electronic cash” in the original whitepaper, in 2008. 55. What Are The Risks Associated with HODLing Crypto? Cryptocurrencies are digital or virtual currencies created on something called the blockchain, a public ledger that stores the information about cryptocurrency 56. Introduction To Uniswap: What It Is, How It Works, And The Purpose Behind It Uniswap can facilitate the exchange of tokens without relying on the conventional architecture of an order book method and curb liquidity issues simultaneously. 57. Altcoins With the Most Lucrative Potential in 2021 Any cryptocurrency that are alternative to Bitcoin are classified as Altcoins. That includes Ethereum’s Ether and Ripple’s XRP, but there are other notable ones 58. What's the Difference Between DeFi and CeFi? Bitcoin prompted the emergence of an entire industry around blockchain technology and digital currencies. 59. What the Future of Ethereum Looks Like Post London Hard Fork Investing in crypto during the bear market isn’t for everyone here's what you need piece the market sentiment & Ethereum together before diving into investing Thank you for checking out the 59 most read stories about Bybit on HackerNoon. to find the most read stories about any technology. Visit the /Learn Repo

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What is Happening? ByBit has released its report on ”, the report discusses layer 2 scaling solutions and rollups in relation to custom chains such as subnets or sidechains and looks at how these various L2 solutions stack up against each technology solutions. “ t Layer 2 Scalability Explained: How ZK-Rollups Stood up to Subne There have been significant network disruptions on well-known Layer 1s (L1) such as and due to their separate networks operating concurrently with DeFi protocols, NFT markets, and web3 games. In a similar fashion, Ethereum's network has been slammed for being overburdened by transactions and charging excessive costs for gas because of this, Layer 2 (L2) scalability solutions became a more prominent topic in the industry. Solana BNB Chain According to the report, DeFi Kingdoms and Crabada, two Avalanche L2 scalability solutions that were implemented early this year, have boosted Subnets' popularity. With the exception that subnets might opt to use validators from the mainnet, they are like sidechains in certain contexts. Web3 games' preferred L2 scaling methods seem to be subnets and sidechains at the moment. The report sheds light on scaling layer 2 solutions that can be leveraged by blockhain startups to create web3 applications that can scale. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the story for quality, but the claims hereon belong to the author. #DYOR brand-as-author program What is ByBit? Bybit is a cryptocurrency exchange in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. For retail and institutional customers throughout the globe, the firm offers unique online spot and derivatives trading, mining and staking solutions, as well as API support, for the burgeoning digital asset class. established Ben Zhou, the company's CEO and founder, formerly worked for XM, a major FX and CFD trading services provider. Among its members are investment bankers, IT companies, FX traders, and early blockchain users. From Morgan Stanley to Alibaba to Tencent are some of the members of the team who will be working on the project. Understanding Rollups and their Impact on Blockchain According to the report, in order to deal and solve with Ethereum's scalability difficulties, the Ethereum Foundation recommends using rollups. In addition to rollups, various L2 solutions like sidechains and subnets exist to address the trilemma of scalability. Rollups combine compressed off-chain transactions into a single order on an L1 network in order to cut gas expenses and increase transaction capacity for any given L1. This means that the L2 may execute computations while the L1 just needs to verify them. After all of these transactions are completed, the gas expenses for each one will be split between them, allowing thousands of transactions to be completed at once. Two types of rollups exist: Optimistic and zero-knowledge rollups (ZK Rollups). The two ways of verification are different. Without verifying each transaction, optimistic rollups publish them to the base layer. Witnesses would then have a seven-day challenge opportunity to correct disputed transactions. Cryptographic proof of authenticity is generated by ZK Rollups and then posted to the mainnet. The time it takes to complete a transaction using ZK Rollups is currently about 10 minutes. On the other hand, ZK Rollups are a relatively new technology, and EVM support is weak. There is still a long way to go until ZK Rollups are EVM-compatible, despite the fact that zkSync launched an EVM-compatible zkEVM on their public testnet earlier this year. It's not possible to do ZK Rollups without it. ZK Rollips and Optimistic Rollups allow for scaling of blockchain transactions through verifications methods that allow for settling of transactions for web3 applications. The impact of rollups is considerable on the future of Ethereum and other layer 1 blockchains. Understanding the Pain Points with Rollups and Layer 2 Scaling According to the report, the incompatibility of ZK Rollups with EVM is a frequent problem for general-purpose ZKs. Optimistic Rollups and Polygon PoS are the two most popular L2 scaling options for DeFi participants in Ethereum. As a result, Curve, Aave V3, and Uniswap elected to use Polygon and Optimism and Arbitrum, respectively. Matter Labs is evaluating zkEVM, while Netherminds is working on a transpiler for StarkNet using zkEVM. In the future, any progress in EVM compatibility might assist bring DeFi projects to ZK Rollups. ZK Rollups' lack of communication is yet another issue as the disparity in liquidity and a central sequencing procedure raise security problems because of this. However, Immutable X's recently disclosed cross-rollup liquidity solutions may be a step in the right direction. According to the report, there is a solid reason ZK Rollups haven't taken off in NFT and web3 gaming. Since Gods Unchained adopted Immutable X's solution, its trade volume has decreased significantly. Similarly, Sorare's success on the Ethereum Mainnet was short-lived until it switched to rollups. On the other hand, Avalanche subnets have gained a firmer foundation in NFT and web3 games, despite the failure of ZK Rollups in the aforementioned cases. Final Thoughts on ByBit Report The ByBit Report sheds light on layer 2 scaling solutions, subnets and how and when blockchain startups should leverage layer 2 scaling solutions such as ZK-Rollups and Optimistic Rollups. In my opinion, the report is rich insight for blockchain founders, consultants and blockchain enthusiasts to understand layer 2 scaling solutions and their application in web3 ecosystems. Don’t forget to like and share the story! Image credits: , and . Mariia Shalabaieva Rodion Kutsaev

New Report From ByBit Sheds Insights on Layer 2 Scalability Solutions 

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