DUBAI, United Arab Emirates, Sept. 19, 2024 (GLOBE NEWSWIRE) — Bybit<\/u><\/a>, the world\u2019s second-largest crypto exchange by trading volume, is making waves with its own SOL-based Liquid Staking Token (LST) in the global race to reinvent yield on Solana.\u00a0<\/p>\n Bybit Web3 announced a renewed APY boost of up to 20% for a limited time from Sep. 19. This innovative liquid staking model, available exclusively on Bybit, enables users to seamlessly access Solana\u2019s rapidly expanding ecosystem while earning staking rewards in Bybit Web3.<\/p>\n Since its launch on Sep.5, bbSOL<\/u><\/a>, has demonstrated the immense potential of this next-generation staking solution, bridging between mainstream users on exchange platforms and the Solana ecosystem. Surpassing $5 million in Total Value Locked (TVL) within 24 hours upon launch, bbSOL has doubled the TLV benchmark since then hitting eight digits.\u00a0<\/p>\n \u201cWe are encouraged by the love for bbSOL. It truly speaks to the global crypto community\u2019s excitement about the future of Solana. In coming months, Bybit and our partners will be activating a series of campaigns, yield opportunities and liquidity protocols to show our appreciation for the bbSOL community,\u201d said Emily Bao, Web3 Evangelist at Bybit.\u00a0<\/p>\n Good for the portfolio, good for Solana<\/strong> Key benefits of bbSOL:\u00a0<\/p>\n #Bybit \/ #TheCryptoArk \/ #BybitWeb3<\/p>\n About Bybit Web3<\/strong> Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 40 million users globally.<\/p>\n Users can join the revolution and unlock their Web3 future with Bybit.<\/p>\n For more details about Bybit, users can visit Bybit Web3.<\/u><\/a><\/p>\n About Bybit<\/strong> For more details about Bybit, users can visit Bybit Press<\/u><\/a> Contact<\/strong><\/p>\n Head of PR<\/strong> DUBAI, United Arab Emirates, Sept. 19, 2024 (GLOBE NEWSWIRE) — Bybit, the world\u2019s second-largest crypto exchange by trading volume, is making waves with its own SOL-based Liquid Staking Token (LST) in the global race to reinvent yield on Solana.\u00a0 Bybit Web3 announced a renewed APY boost of up to 20% for a limited time from 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At the forefront of CeDeFi connectivity, Bybit Web3 has first-mover advantage as a major player to bridge centralized and decentralized finance for global users. Through bbSOL, Bybit is pushing the boundaries of financial freedom and inclusion for the Web3 community.<\/p>\n\n
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 10 million wallet users, over 20 major ecosystem partners, and counting.\u00a0\u00a0<\/p>\n
Bybit is the world\u2019s 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\u2019s reigning Constructors\u2019 and Drivers\u2019 champions: the Oracle Red Bull Racing team.<\/p>\n
For media inquiries, users can contact: media@bybit.com<\/u><\/a>
For more information, users can visit: https:\/\/www.bybit.com<\/u><\/a>
For updates, users can follow: Bybit’s Communities and Social Media<\/u><\/a><\/p>\n
Tony Au<\/strong>
Bybit<\/strong>
tony.au@bybit.com<\/strong><\/p>\n![](\"https:\/\/ml.globenewswire.com\/media\/YWE2NzhkYTQtMjk3ZC00MzM0LWEyNmQtMzMxMzE1M2RmZWI1LTUwMDEyNzM1Ng==\/tiny\/Bybit-Fintech-FZE.png\")
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