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Blockchain Press Releases

Bybit and Oracle Red Bull Racing Ignite Excitement with Velocity Series 2.0: Unveiling Innovative Divisible, Data-Driven Art NFTs

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DUBAI, UAE, April 10, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, and Oracle Red Bull Racing (ORBR), the Formula One™ World Champions, are thrilled to announce the highly anticipated return of their groundbreaking NFT collaboration – Velocity Series 2.0.

Building on the phenomenal success of the inaugural series in 2023, Velocity Series 2.0 pushes the boundaries of digital art by introducing “Data Driven Art.” The new series embraces the fusion of art and racing, featuring unique digital art collections inspired by real-time data and the exhilarating achievements of the iconic RB20 F1 car. Meanwhile, in a bold industry move, Bybit Web3 and Oracle Red Bull Racing will launch fractional NFTs on the DN-404 (Divisible NFT-404) protocol for the first time this year.

The 2.0 Passes, mirroring the innovation of ORBR’s iconic cars, are set to elevate the experience to unprecedented heights. Not only will the Velocity Pass feature a thrilling new design, but an additional 1,000 passes will be introduced to the Velocity Series collection, culminating in a total supply of 2,000 passes.

Series 2.0 Pass Sale Details

The Series 2.0 Pass sale will begin on April 12, 2023, 2PM UTC, offering a wide array of exclusive benefits. 900 of the passes will be on sale this round:

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  • Access to three exclusive NFT artwork drops by world-class artists in 2024
  • Access to token-gated activations and experiences related to the series.
  • Entry into raffles for real-life prizes

Velocity Series 1.0: A Resounding Commercial and Cultural Success

The 2023 Velocity Series proved to be a massive hit with fans and collectors worldwide, boasting remarkable performance in the secondary market:

  • Velocity Pass: Achieved highest secondary sale at 1.9 ETH, making a remarkable 6x increase from its initial selling price.
  • “///” by Snowfro: Experienced a staggering 35x price surge, with the highest secondary sale reaching 5.99 ETH.
  • “Trademark” by Jack Butcher: Witnessed a phenomenal 72x jump, with the highest secondary sale at a staggering 4.99 ETH.

On the other hand, the “Velocity Series” drops played a pivotal role in expanding this collector base, attracting fresh interest and enthusiasm to the world of digital collectibles. 92% of collectors for Erick Snowfro’s /// collection were new to his work, highlighting the series’ ability to engage audiences beyond traditional boundaries.

The above success underscores the significant value and appreciation for the artistry and exclusivity offered by this unique collaboration between Bybit Web3 and ORBR. This also highlights the series’ capacity to bridge the gap between the esteemed realm of Formula One™ and the burgeoning NFT space, nurturing a new generation of enthusiasts and collectors.

“At Bybit, we’re fueled by the energy of innovation, and together with Oracle Red Bull Racing, we’re excited to unleash Velocity Series 2.0!  This year’s collaboration takes digital art to a new level with ‘Data Driven Art,’ blurring the lines between racing and the NFT space. Velocity Series 2.0 welcomes everyone – existing fans and curious newcomers alike – to experience the power and potential of digital art powered by Bybit Web3,” said Ben Zhou, Co-founder and CEO of Bybit.

“The Velocity Pass allows fans to own a piece of the team’s legacy, reimagined through the lens of talented digital artists. After the fantastic response in 2023 to the collaboration with Bybit, we’re looking forward to connecting with our passionate fanbase in a new and exciting way once again,” added Oliver Hughes, Chief Marketing Officer at Oracle Red Bull Racing.

“Building on the success of the first Velocity Pass, we’re excited to push the boundaries of artistic expression even further. This series bridges the gap between artistic expression and the data-driven world of F1, offering fresh perspectives on the sport we love,” remarked Federica from AOI.

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“DN-404 is proud to be the technological backbone of the Velocity Pass Series 2.0. Our secure and cost-efficient new protocol ensures a seamless experience for fans collecting these incredible pieces of digital art,” shared Pop Punk from DN-404.

For more information on Velocity Series 2.0 and to stay updated on the latest developments, please visit https://www.bybit.com/en/promo/nft-events/velocity-pass-V2.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

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 1 million wallet users, over 10 major ecosystem partners, and counting. 

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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 25 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit, please visit Bybit Web3.

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with 25 million users. Established in 2018, it offers 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.

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For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Bybit Surpasses Market Leaders in Spot Liquidity with Innovative RPI Order Launch

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DUBAI, UAE, March 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce a strong surge in liquidity across its spot market, driven by the introduction of its innovative Retail Price Improvement (RPI) order and close collaboration with institutional liquidity partners. This remarkable growth across multiple trading pairs reaffirms Bybit’s position as a leader in delivering best-in-class trading conditions for retail clients.

According to data collected between February 27 and March 3, 2025, after the implementation of RPI, Bybit has successfully elevated liquidity in key trading pairs:

  • BTC/USDT liquidity surged to 1.5 times that of the market leader, establishing Bybit as the #1 exchange for retail liquidity in this pair.
  • ETH/USDT liquidity skyrocketed, reaching 5 times that of the market leader, offering some of the most competitive quotes in the industry.
  • SOL/USDT liquidity increased to 4.5 times that of the market leader, offering unmatched access to top-tier order book depth.
  • Across the top 12 trading pairs, Bybit achieved 3 times the liquidity of the market leader, solidifying its position at the forefront of retail-focused trading.

Retail-Centric Liquidity Innovation: Bybit’s RPI Sets New Industry Benchmark

At the heart of Bybit’s liquidity surge is the recent successful rollout of RPI orders — a pioneering feature that positions Bybit as the first crypto exchange to introduce this retail-friendly liquidity enhancement.

RPI orders are a special type of Maker order, designed specifically to provide liquidity exclusively to retail clients (non-API algorithmic traders). This segmented liquidity pool ensures that retail traders can access deeper order books and more competitive quotes, enhancing their trading experience.

Since the implementation of RPI, Bybit has surpassed the spot liquidity of key competitors across the top 180 trading pairs, delivering near-spread depth improvements across top pairs. This achievement has established a more accessible price environment for retail clients, reinforcing Bybit’s commitment to providing best-in-class liquidity tailored to their needs.

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“Our ability to deliver such significant improvements in liquidity underscores the resilience of Bybit’s ecosystem and our relentless commitment to providing retail traders with a world-class trading experience,” said Shunyet Jan, Head of Derivatives and Institutional at Bybit. “The introduction of RPI is a game-changer, setting a new standard for retail-focused liquidity, and we are proud to lead the industry in innovations that directly benefit our community.”

With RPI driving better prices and deeper books for retail clients, and transparency initiatives ensuring real-time visibility into Bybit’s order book strength, Bybit reaffirms its dedication to building the most retail-friendly trading environment in the crypto space.

#Bybit / #TheCryptoArk

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.

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For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media 

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Blockchain Press Releases

Bybit Unveils EcoGalaxy: Mantle Surge, Featuring the Largest MNT Prize Pool with Up to 1,000,000 MNT in Airdrops

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DUBAI, UAE, March 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to launch an interactive event boasting the largest-ever MNT prize pool, offering up to 1,000,000 MNT in airdrop rewards. Designed to provide a seamless transition from centralized exchanges (CEX) to Web3, the event challenges participants to strategize their way to the top while unlocking exciting rewards.

Running from March 6, 2025, at 10 AM UTC to March 27, 2025, at 10 AM UTC, EcoGalaxy: Mantle Surge spans five competitive leaderboard rounds, offering an evolving prize pool that rewards both strategy and engagement.

How to Participate

  • Participants must register for the event to begin earning rewards.
  • Wishes can be collected by completing simple tasks, increasing the chances of winning prizes.
  • Wishes can then be used to spin the lucky draw or climb the leaderboard for larger rewards.
  • The event features five leaderboard rounds, each offering progressively bigger prize pools.

How It Works

Participants earn Wishes by completing tasks and can choose between two distinct gameplay options:

  • Lucky Draw – A chance-based game offering substantial rewards.
  • Leaderboard Competition – Stake Wishes to climb the leaderboard and compete for even greater prizes.

Once used, Wishes cannot be reused, making every decision crucial. The key to success lies in choosing between luck and strategy to maximize rewards.

Trade, Hold, and Get On-Chain with Mantle

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Interacting with the Mantle ecosystem – whether through trading, holding, or engaging with on-chain activities – unlocks additional earning opportunities. MNT holders may benefit from exclusive advantages, increasing their chances of securing extra rewards.

For full event details and registration, visit Bybit’s EcoGalaxy: Mantle Surge page.

#Bybit / #TheCryptoArk

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.

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For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

CoinW and DeriW: Revolutionizing Decentralized Derivatives with Points Reward

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HONG KONG, March 6, 2025 /PRNewswire/ — Decentralized trading platforms are becoming more vital in the rapidly evolving DeFi ecosystem. In February 2025, CoinW, a leading global cryptocurrency exchange, announced the launch of DeriW, its decentralized derivatives trading platform. Accompanying this is an innovative trade mining program. The launch underscores CoinW’s commitment to blockchain innovation and provides on-chain users to participate with zero-cost and high returns.

DeriW has gas-free transactions, up to 80% annualized LP returns, and an industry-leading throughput of 80,000 transactions per second (TPS). It is backed by CoinW’s seven years of operational expertise and represents a paradigm shift in derivatives trading infrastructure.

Ushering in a New Era of DeFi 

DeriW pioneers gas-free decentralized derivatives trading using Rollup technology and a seamless Layer 3/Layer 2 architecture. It inherits Ethereum-level security with full on-chain transparency.

With its array of novel functionalities, DeriW distinguishes itself within the decentralized exchange (DEX) arena. It is further bolstered by the technical expertise and reputable brand that CoinW provides.

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Recognizing the need for user-friendly decentralized platforms, CoinW’s technology team spent years developing DeriW to provide a smooth, centralized exchange experience in a decentralized space.

Key differentiators:

  • Gas-Free, High-Throughput Trading: Eliminates gas fees while achieving 80,000 TPS and millisecond confirmation speeds, rivaling centralized exchanges through optimized on-chain mechanisms.
  • PendulumAMM for Optimal LP Returns: A proprietary automated market maker dynamically allocates liquidity, delivering up to 80% APR for LPs and enabling zero-slippage trading across hundreds of assets.
  • Secure, High-Leverage Platform: Offers up to 100x leverage trading with non-custodial wallets and audited smart contracts, ensuring institutional-grade security across diverse asset offerings.
  • EVM-Compatible Layer 3 Ecosystem with Cross-Chain Potential: Enables one-click token launches and smart contract deployment, with future cross-chain bridges promising seamless interoperability.

DeriW’s innovative approach to trade mining goes beyond simply breaking DeFi technology barriers. It actively returns value to CoinW ecosystem participants.

The platform acts as a bridge connecting CoinW’s centralized and decentralized services for users of all levels. It opens new pathways to increase wealth.

The integration system releases DeriW ecological potential

To celebrate the launch of DeriW, we are launching the Bonus Points campaign, which aims to distribute $6,600 DER points through user transactions, further incentivizing community engagement and contributing value back to the CoinW ecosystem. Aimed at the average user, the campaign is simple to understand and rewarding:

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The activity is divided into two modules: ladder task and basic airdrop. After the user completes the corresponding task, it will be airdropped to the user’s address after the main network is online:

1. Basic task Level 1: Users only need to connect the wallet or create Deriw wallet, receive test coins, and complete the first transaction ≥ 1000 USDT, to get 100 DER rewards;

2. Ladder task: Divided into three levels according to cumulative trading volume and holding days:

a. Level 2:500 DER tokens for trading volume ≥ 100,000U and holding position for 1 day;

b. Level 3: Trading volume ≥ 500,000U, holding position for 2 days, reward 1000 DER tokens;

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c. Level 4:5000 DER tokens for trading volume ≥ 1 million U for 4 days.

Through the integration activities, DeriW organically combines user trading income, LP capital pool return and commission incentive to build a multi-win ecological closed loop. All of this can not be achieved without CoinW’s technical and operational strength as an industry leader.

DeriW Rewards participants will not only enjoy the technical dividends of DeriW, but also be deeply integrated into CoinW’s global layout and share the growth opportunities of the DeFi 2.0 era.

The Future of Decentralized Trading is Here

DeriW’s launch not only signifies a technological advancement for CoinW in the field of decentralized trading. It also serves as a catalyst for on-chain ecosystem growth.

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It delivers an unprecedented DEX experience and invigorates the CoinW ecosystem with its trade mining program. DeriW integrates zero-cost trading, high-speed performance, and an open ecosystem.

From users pursuing low-cost transactions to on-chain experts seeking to expand their income through generous rebate programs, or DeFi enthusiasts optimistic about the future, DeriW and CoinW open doors to a world of possibilities.

With the 2025 mainnet launch and $DER token listing imminent, DeriW is set to redefine decentralized derivatives markets. CoinW invites participants across the blockchain spectrum to join this new era of value creation as it bridges centralized and decentralized finance.

About CoinW 

Founded in 2017, CoinW is a globally trusted cryptocurrency exchange serving over 13 million users in 14 countries. With cutting-edge technology, advanced security, and a focus on empowering blockchain innovation, CoinW supports communities worldwide in realizing the transformative power of digital assets. 

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Website: https://www.coinw.com/  
Twitter Official: https://twitter.com/CoinWOfficial  
Telegram: https://t.me/coinwoff  
YouTube Official: https://www.youtube.com/@CoinWOfficial  
Linkedin: https://www.linkedin.com/company/coinwofficial/  

About DeriW  

DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum’s security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW’s seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed, transparency, and trustless execution.   

Website: www.deriw.com 
Twitter:
@deriwfi 
Telegram:
https://t.me/deriwfinance 
Discord:
https://discord.com/invite/deriwfinance 

The future of decentralized trading is not coming – it has arrived.

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Safe & Secure Crypto Exchange - CoinW

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