#Bybit CEO Reflects on the $TRUMP Effect#
Hot Topic Overview
Overview
Bybit CEO BEN recently reflected on the market effects following the launch of $TRUMP. He observed a significant outflow of funds from centralized exchanges (CEXs) into on-chain purchases of $TRUMP. This resulted in the creation of over $30 billion worth of memecoins through on-chain products Moonshoot and Meteora/Jupiter in less than 10 hours. This demonstrates the existing and rapidly developing options for Web3 and decentralized exchanges (DEXs). BEN believes that to stay relevant, Bybit will focus on building Onchain Bybit in 2025, heavily invest in the Bybit web3 wallet, and strive to become the gateway for users to enter Web3. This trend has also sparked concerns about the future of CEXs, with many believing that CEXs are losing user trust and may face a potential collapse.
Ace Hot Topic Analysis
Analysis
Bybit CEO BEN recently reflected on the impact of $TRUMP's launch on the market. He observed a significant outflow of funds from centralized exchanges (CEXs) to on-chain purchases of $TRUMP, with decentralized exchanges (DEXs) like Moonshoot, Meteora/Jupiter generating over $30 billion in memecoin volume within 10 hours. This phenomenon highlighted the undeniable power of Web3 and DEXs, leading him to commit to building Onchain Bybit in 2025, investing heavily in a Bybit Web3 wallet to become a gateway for users entering Web3. He believes that failing to join this revolution would lead to Bybit's demise.This event sparked industry-wide contemplation on the future of CEXs. Many believe that CEXs' wealth-generating effects are diminishing, and user trust is declining, while the rise of DEXs provides users with greater choice and freedom. Some even predict that CEXs may face extinction. However, others argue that CEXs retain strong capital and resources, enabling them to adapt to challenges by continuously improving services and technology. Ultimately, the future of CEXs and DEXs will be shaped by user demand and market competition.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Centralized exchanges (CEXs) will gradually be replaced by decentralized exchanges (DEXs).
Web3 and DEX options already exist, and the future will be Onchain.
CEXs must embrace Web3 and invest in on-chain infrastructure, or they will be eliminated.
User trust in CEXs is declining, and there may be a CEX avalanche in the future.