🧐 Research on the Rise of Bybit｜How to Double User Profits through Sharp Listing Strategies and Launchpool Activities:

In the cryptocurrency market, CEX has always been a fiercely competitive arena, and breaking through in this field is no easy feat.

The core focus of an exchange is its listing strategy; the listing strategy of an exchange often directly impacts users' investment choices and returns.

Bybit, as a rising star in recent years, has become one of the hottest cryptocurrency trading platforms, leveraging the Japanese and Korean markets and a swift listing style.

Especially recently, after tracking several rounds of Bybit's Launchpool, I feel that the overall returns have been quite impressive.

Let's first take a look at Bybit's data growth points—

1) User Growth and Trading Volume

User Count: According to Bybit CEO Ben Zhou @benbybit at the 2024 Media Roundtable, Bybit's user base has approached 60 million, demonstrating significant achievements in user growth.

Trading Volume:

In the third quarter of 2024, Bybit's average daily trading volume reached $33 billion; in August, it even set a peak daily trading volume of $100 billion. This indicates Bybit's strong trading liquidity in the market.

2) Market Share

Spot Market: Bybit's market share in the spot trading market has significantly increased, growing from 3.2% at the beginning of 2023 to 8.51% by the end of 2024;

Derivatives Market: In terms of derivatives trading, Bybit's market share stands at 15%, indicating its strong position in the contract trading field.

3) Launchpool

I researched that the main reason Bybit has gained popularity recently is due to the superior performance of Launchpool;

In recent Launchpool activities, Bybit introduced some highly anticipated projects that quickly garnered market attention after their launch.

The Launchpool activities showcase its keen insight and efficient execution in listing new projects.

Bybit's recent performance in the spot market—

1️⃣ Quick Response Capability for New Project Listings;

Quickly identifying market demand and hotspots is crucial;

For example, projects like SUPRA, MAJOR, and MORPHO quickly gained market attention after their launch, providing users with early participation opportunities through Bybit's Launchpool activities.

2️⃣ Coin Selection Logic:

Bybit seems to combine various factors such as market popularity, technological innovation, and team background when selecting listing projects.

SUPRA: SUPRA is a cross-chain oracle network aimed at providing reliable data sources for DeFi and traditional financial markets. Bybit allows users to engage with this promising infrastructure project at an early stage through Launchpool.

MAJOR: The MAJOR project focuses on providing a decentralized trading platform, particularly in the NFT market. By launching on Bybit, it quickly attracted a large number of users and funds, showcasing Bybit's grasp of market trends.

MORPHO: As an innovative lending protocol, the launch of MORPHO provides Bybit users with a new way to participate in DeFi. Its successful launch through Launchpool further solidifies Bybit's position in the DeFi space.

3️⃣ Listing Efficiency

Bybit's listing efficiency is reflected in several aspects:

Quick Approval and Launch: Bybit's project review process is highly efficient, enabling rapid identification and listing of potential new coins. This not only provides new projects with a quick market entry opportunity but also offers users a chance to participate early.

Market Demand and Technical Assessment: Bybit clearly considers market demand and the technological innovation of projects when selecting new ones. For instance, the aforementioned projects possess certain market popularity and technical advantages, demonstrating Bybit's keen insight into market trends.

Liquidity and User Participation: Through Launchpool activities, Bybit can not only provide initial liquidity for newly listed tokens but also increase the initial value and recognition of tokens through user staking activities. This strategy effectively enhances the initial market performance of projects.

Conclusion

Bybit's listing efficiency and coin selection logic not only provide users with opportunities to participate in market hotspot projects but also enhance the diversity and potential returns of investments through its platform activities.

If you are interested in the cryptocurrency market or looking for investment opportunities in a bull market, Bybit is undoubtedly a platform worth paying attention to.

@Bybit @Bybit_ZH #Bybit

If you're interested in registering to try it out, it's better to be prepared:

https://partner.bybit.com/b/90863

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