Bybit has launched its new Web3 platform with a $200,000 USDT prize pool through the Web3 Launch Carnival, running from August 6 to early September 2025.
The event aims to boost user adoption and participation in Bybitโs Web3 ecosystem, potentially affecting Ethereum-related assets and overall market activity.
Bybit has introduced a new Web3 platform with a $200,000 USDT prize pool, aiming to enhance user engagement. The campaign, named the Web3 Launch Carnival, runs from August 6 to early September 2025.
The initiative is spearheaded by Bybit, under the guidance of CEO Ben Zhou. This event is designed to boost on-chain activity and increase user adoption of Web3 technologies.
Bybit Offers $200,000 in Web3 Launch Carnival
Bybit has introduced a new Web3 platform with a $200,000 USDT prize pool, aiming to enhance user engagement. The campaign, named the Web3 Launch Carnival, runs from August 6 to early September 2025.
The initiative is spearheaded by Bybit, under the guidance of CEO Ben Zhou. This event is designed to boost on-chain activity and increase user adoption of Web3 technologies.
โWe are excited to launch our new Web3 platform with initiatives that will drive user engagement and participation in the on-chain ecosystem.โ โ Ben Zhou, Co-founder and CEO, Bybit
Event Encourages Growth in DEX and Wallet Usage
The event involves various engagement activities aimed at increasing decentralized exchange use and wallet activity. Bybitโs previous campaigns have historically resulted in temporary trading volume surges.
Industry observers expect a rise in the use of ERC-20 tokens and DEX trading, influenced by the $200,000 USDT allocation. This initiative could lead to increased crypto ecosystem participation and adoption of Bybitโs Web3 products.
Short-Term Surge Expected From Incentive Campaigns
Previous events by Bybit and similar platforms often result in short-term increases in trading activity. Such incentives typically spur temporary market dynamics, drawing participation in DeFi protocols.
Experts from Kanalcoin indicate that this event, coupled with Bybitโs strategies, could foster growth in wallet creation and DEX transactions. Such outcomes align with historical trends seen in other incentivized campaigns.
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