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Tag Archives: Bybit

This is How Liquid Staking Could Fuel Mass Adoption and Growth on Solana: Report

The Solana network is experiencing an increased influx of users and a “break-through moment,” thanks to the introduction of liquid staking on the blockchain. A new report by the leading cryptocurrency exchange, Bybit, stated that Solana’s liquid staking model, especially the exchange-launched liquid-staked SOL, would mobilize masses and accelerate the onboarding of retail users in the ecosystem. The State of Liquid Staking on Solana As a proof-of-stake network, staking is...

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Crypto Trading Volume Up 19% in July After Four-Month Decline: CCData

In July, global crypto trading volume on centralized exchanges surged by 19%, reaching $4.94 trillion. This marks the first increase in trading volumes in four months, as reported by CCData. Crypto Trading Volume Surge CCData noted that the increase in trading volume is due to the launch of spot Ethereum exchange-traded funds in the U.S. and the positive sentiment from local political figures at the Bitcoin conference in Nashville, Texas. The report highlights significant...

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Crypto Trading Volume Declined for Third Consecutive Month in June: CCData

Trading volume on centralized exchanges declined 21.8% in June, marking the third consecutive month of diminishing activity since March. According to a report by CCData released on July 17, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March. Open Interest and CME Declines The report highlighted several key factors contributing to this decline. One major factor was a notable...

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Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report

Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held 48,298 BTC against a user balance of 44,872 BTC as of July 10th. The exchange’s wallets also contain 438,107 ETH and...

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